foreclosure.com

Land Foreclosures in Albert Lea, MN

Search within map
Price
Listing Type Up arrow
Property Type (2) Down arrow
 

Albert Lea, MN Foreclosures

How much do homes sell for in Albert Lea, MN?
The average home price is currently $225,455.
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 $4,596,638.
What is currently the cheapest priced home in Albert Lea, MN?
The cheapest home for sale in Albert Lea is priced at $12,225.

Living in Albert Lea, MN

Albert Lea, MN is a small but vibrant community known for its beautiful lakes and friendly atmosphere. With a variety of amenities, good schools, and a strong sense of community, it offers an excellent quality of life. Residents can enjoy outdoor activities, local events, and easy access to nearby cities.

Current Market Conditions in Albert Lea, MN

The real estate market in Albert Lea has shown consistent growth over the past several years. Home values in the area have been on an upward trend due to the city's increasing popularity, affordable housing options, and family-friendly amenities. With a mix of traditional homes and newer constructions, the market caters to a wide range of preferences and budgets.

Recent market data indicates that while inventory remains somewhat limited, interest among buyers continues to rise, leading to quick sales and some competitive bidding situations. The market is deemed favorable for sellers at the moment, as many homes are selling at or near their listing prices.

Home Value Estimator For Albert Lea, MN

There are currently 7,990 real estate properties in Albert Lea, MN, with a median automated valuation model (AVM) price of $181,213.00. 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 $225,455.00, with the most expensive house in Albert Lea, MN, topping out at $4,596,638.00 and the cheapest home in Albert Lea, MN, clocking in at $12,225.00. 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 Land

Market Trend for Albert Lea, MN

Total Listings Available: 0

Market Values:

Home Prices from $12,225 to $4,596,638

Average Sales Price: $225,455

Rental Values:

Rental from $420 to $2,000

Average Rent Value: $1,158 / month

Popular Searches

Nearby Areas

Nearby Zip Codes

Get NEW Foreclosure Listings sent to your inbox

Millions of people receive foreclosure alerts daily, don't miss out.

No Thanks | Remind Me Later
Equal Housing Opportunity
Privacy Policy   |   Terms and Conditions of Service   |   © Foreclosure.com / ForeclosureFreeSearch.com 1999-2025. All Rights Reserved.