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Foreclosure Homes in Albert Lea, MN 56007

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Albert Lea, MN Foreclosures

How much do homes sell for in Albert Lea, MN?
The average home price is currently $234,004.
In Albert Lea, MN, how many homes are available?
There are currently 46 active home listings available in Albert Lea.
What’s the average rental cost in Albert Lea, MN?
The average rental price in Albert Lea is $1,158.
What is the most expensive home in Albert Lea?
The most expensive home sold in Albert Lea had a price of $20,224,766.
What is currently the cheapest priced home in Albert Lea, MN?
The cheapest home for sale in Albert Lea is priced at $12,333.

Living in Albert Lea, MN

Albert Lea, Minnesota, is a welcoming city that merges small-town friendliness with modern conveniences. Located near scenic lakes, it offers numerous recreational activities and a supportive community. The area is well-equipped for families and retirees alike with local schools and amenities.

Current Market Conditions in Albert Lea, MN

The real estate market in Albert Lea is currently showing signs of growth, with home prices stabilizing after a period of volatility. There has been a notable increase in demand for single-family homes, driven largely by the influx of new residents seeking affordable housing options in a quality community.

Overall, the market remains competitive with favorable interest rates attracting buyers. The mixture of traditional homes and new developments is appealing to a diverse audience, including first-time homebuyers and investors.

Home Value Estimator For Albert Lea, MN

There are currently 8,335 real estate properties in Albert Lea, MN, with a median automated valuation model (AVM) price of $178,057.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Albert Lea, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Albert Lea, MN, is $234,004.00, with the most expensive house in Albert Lea, MN, topping out at $20,224,766.00 and the cheapest home in Albert Lea, MN, clocking in at $12,333.00. In other words, there’s something for every potential homebuyer or savvy investor in Albert Lea, MN!

Rent Prices In Albert Lea, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Albert Lea, MN, is on a rollercoaster ride. The average rent price in Albert Lea, MN, is $1,158.00. Indeed, when looking to rent in Albert Lea, MN, you can expect to pay as little as $420.00 or as much as $2,000.00, with the average rent median estimated to be $1,110.00. The good news is that finding an affordable and desirable property to rent in Albert Lea, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Albert Lea, MN 56007 Foreclosures

Market Trend for Albert Lea, MN

Total Listings Available: 46

Market Values:

Home Prices from $12,333 to $20,224,766

Average Sales Price: $234,004

Rental Values:

Rental from $420 to $2,000

Average Rent Value: $1,158 / month

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