Albert Lea, MN Housing Market
Cool MarketMetro-level monthly sale metrics for rental investors — prices, inventory, pace, and negotiation signals. Figures represent the Albert Lea, MN metro area.
Data period: May 2026
Market snapshot
- Median sale price
- $191K
- Median days on market
- 41 days
- Months of supply
- 2.9
- Active inventory
- 120
- Homes sold
- 41
- Sale-to-list ratio
- 97.0%
- Listings with price drop
- 26.7%
- Data month
- May 2026
Pair this view with the rental property calculator, DSCR calculator, and cap rate calculator — or browse all calculators.
Rental Investor Snapshot
Labels below come from monthly sale-market indicators only. True cash flow requires local rent, taxes, insurance, vacancy, and expense assumptions — model those in the rental calculator, then sanity-check against sale-speed signals here.
- Market temperature
- Balanced
- Buyer leverage
- High
- Pricing signal vs. U.S. median
- Easier buy-in vs. U.S. median (price only)
- Investor fit (heuristic)
- Buy-in vs. U.S. · Negotiation
Watch-outs
- Low inventory with tight supply often means more competition on offers.
- Elevated price cuts can signal negotiation room — verify condition, rents, and comps street-by-street.
Suggested next step: Run a rental property analysis with your own rent, financing, vacancy, and expense assumptions — then sanity-check against this market's sale-speed and negotiation signals.
Cool Market
Buyer activity is slowing, creating more negotiating room.
Albert Lea, MN market summary
The Albert Lea, MN metro area housing market is cooling down. As of May 2026, the median home sale price is $191K, down 1.8% year-over-year. Homes are spending a median of 41 days on the market, 37.9% shorter than a year ago.
There are 120 homes for sale — 36.4% more than last year. With 2.9 months of supply, this is a seller's market. 52 new listings were added during this period, up 30.0% year-over-year.
Homes are selling for 97.0% of their list price on average, suggesting room for negotiation. 19.5% of homes sell above their asking price. 26.7% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
75
Contributing Factors
How This Market Compares
vs. National Median
vs. Minnesota Median
Investor takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 58% below the national median on this sale snapshot — that can mean lower buy-in, but cash flow still depends on local rent, financing, and expenses.
Albert Lea, MN market trends
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Detailed market metrics
Median list price
$225K
Price per sq ft
$118
Sale-to-list ratio
97.0%
Months of supply
2.9
Sold above list
19.5%
Price drops
26.7%
New listings
52
↑ 30.0% YoY
Pending sales
29
Off market in 2 weeks
48.3%
Albert Lea, MN housing market FAQs
What is the median home price in Albert Lea, MN?
For the latest published month, the median sale price in Albert Lea, MN is $191K. Median means half of homes sold above that price and half below — it is a useful benchmark, not a rule for every listing.
Is Albert Lea, MN a buyer's or seller's market?
With about 2.9 months of supply, conditions often favor sellers (inventory is relatively tight versus sales pace). Buyers may need to move quickly and keep offers competitive.
How long do homes stay on the market in Albert Lea, MN?
For the latest published month, the median days on market in Albert Lea, MN is 41 days — half of homes went pending faster and half slower.
Is Albert Lea, MN good for rental property investors?
Sale-market stats show how competitive buying is (speed, negotiation, inventory). They do not prove rent performance. Albert Lea, MN can still work for rentals if the numbers work on a deal-by-deal basis — use local rent comps, financing, vacancy, and expenses in the rental property calculator.
How should investors analyze a rental property in Albert Lea, MN?
Start with purchase price, financing, rent, vacancy, operating expenses, and capital repairs. Stress-test rates and rent. Will It Flow’s rental property calculator is built to translate those inputs into cash flow, DSCR, cap rate, and cash-on-cash return for Albert Lea, MN deals.
Compare more Minnesota metro markets
Explore nearby sale-market pace and pricing, then run a shortlist through the rental property calculator.
Minneapolis, MN
$400K · 22d on market
Rochester, MN
$350K · 18d on market
St. Cloud, MN
$308K · 23d on market
Brainerd, MN
$350K · 35d on market
Faribault, MN
$382K · 28d on market
Fergus Falls, MN
$245K · 27d on market
Red Wing, MN
$330K · 33d on market
Owatonna, MN
$287K · 15d on market
National context
Step up to the U.S. housing market hub for national trends, then browse top metro markets by sales activity.
Underwrite a Albert Lea, MN deal with real numbers
Use Will It Flow for cash flow, DSCR, cap rate, and cash-on-cash return — free and fast.
Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.