Why Live in Albert Lea
Albert Lea, a small town of about 18,000 residents in southern Minnesota, is known for its picturesque lakes, including Fountain Lake and Albert Lea Lake, which are connected by a channel at the town's center. These lakes are popular for boating, fishing, and waterskiing, attracting those interested in waterfront real estate. The town features a mix of single-family homes, including bungalows, ranch styles, and split-levels, with the most expensive properties located along the lakes. Albert Lea also offers several condo options. The area boasts over 300 acres of parklands across more than 40 parks, with Myre-Big Island State Park providing a savanna landscape and home to over 200 bird species. The town's central lake, Fountain Lake, is surrounded by a 5-mile trail, ideal for scenic walks. Albert Lea is also home to Riverland Community College. Downtown Albert Lea is vibrant with local dining options like 112 on Broadway and Jake's Pizza. The town experiences hot summers and cold winters, with beautiful spring and fall seasons. Crime rates have been decreasing, with the latest reports showing the lowest crime rate in five years. Albert Lea is conveniently located near Interstates 35 and 90, providing access to nearby cities, and the Mason City Municipal Airport offers flights to Chicago. The town hosts about 40 seasonal events annually, including Wind Down Wednesdays and the Big Freeze, making it a lively community year-round.
Home Trends in Albert Lea, MN
On average, homes in Albert Lea, MN sell after 60 days on the market compared to the national average of 50 days. The median sale price for homes in Albert Lea, MN over the last 12 months is $179,900, up 14% from the median home sale price over the previous 12 months.
Median Sale Price
$179,900
Median Single Family Sale Price
$185,000
Median Townhouse Sale Price
$240,000
Average Price Per Sq Ft
$122
Number of Homes for Sale
63
Last 12 months Home Sales
237
Median List Price
$190,000
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
14%