Home prices
The median home in Albert Lea costs $97,100. This is approximately $20,780 (27%) higher in comparison to the surrounding areas.Compared to the entire country it is approximately $120,400 (55%) lower, and in comparison to the city of Minneapolis it is approximately $154,500 (61%) lower.
Rents
Albert Lea's median rent is $687 per month. It is about $120 (21%) higher compared to nearby areas.In comparison to the rest of the nation it is about $375 (35%) lower, and it is approximately $340 (33%) lower in comparison to the city of Minneapolis.
Nearby places
Hayward
Hayward is about 5 miles east from Albert Lea. The housing prices there are somewhat less expensive. The median home in Hayward is valued at $76,800, which works out to $20,300 (26%) lower than Albert Lea. Rents there are a lot less expensive. In Hayward the median monthly rent is $310, which is $377 (121%) lower than Albert Lea.
Glenville
Glenville is about 6 miles southeast from Albert Lea. The housing prices there are fairly similar. Glenville's median home price is $94,200, which works out to $2,900 (3%) lower than Albert Lea. Rent there is a bit less expensive. The median monthly rent in Glenville is $530, which is $157 (29%) lower than Albert Lea.
Twin Lakes
Twin Lakes is approximately 6 miles southwest of Albert Lea. Housing prices there are substantially less expensive. The median home in Twin Lakes costs $56,300, which comes out to $40,800 (72%) lower than Albert Lea. The rent there is somewhat less expensive. Twin Lakes's median monthly rent is $604, which is $83 (13%) lower than Albert Lea.
Clarks Grove
Clarks Grove is approximately 7 miles north of Albert Lea. Housing prices there are pretty similar. The median home in Clarks Grove costs $94,300, which is $2,800 (2%) lower than Albert Lea. Rents there are fairly similar. The median rent in Clarks Grove is $690 a month, which is very similar to Albert Lea.
Conger
Conger is roughly 7 miles west of Albert Lea. The housing prices there are a lot less expensive. Conger's median home price is $60,000, which works out to $37,100 (61%) lower than Albert Lea. Rents there are pretty similar. Conger's median rent is $700 a month, which comes out to $13 (1%) higher than Albert Lea.
