Albert Lea, MN metro area Housing Market Brief
metro · MN · score computed September 2026
What is Albert Lea, MN metro area’s Alpha Score?
The Alpha Score is a composite 0–100 index of market strength, a weighted blend of five dimensions. See the methodology.
Population band 1 of 5 (population 12,616–37,875) · comparable within its band
Where is Albert Lea, MN metro area in its market cycle?
Albert Lea, MN metro area is classified as Declining — cooling, with scores declining over recent months. This is a classification of recent (1–12 month) momentum, not a price forecast.
What’s the forecast for Albert Lea, MN metro area?
Our model forecasts Albert Lea, MN metro area’s home prices to decline about 3.5% over the next 12 months (medium confidence).
This is a separate, forward-looking view — not the cycle classification above. See how past forecasts performed on the track record, or the full local forecast with its confidence range on the market page.
Albert Lea, MN metro area housing market data
| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $241K | ▲ +34.1% |
| Median Days on Market | 60 days | ▲ +17.7% |
| Months of Supply | 4.3 | ▲ +43.3% |
| Homes for Sale | 136 | ▲ +24.8% |
| Homes Sold | 32 | ▼ -15.8% |
| Median Price / Sq Ft | $129 | ▲ +0.9% |
Markets like Albert Lea, MN metro area
- Austin, MN metro area, MNmetro51
- Sault Ste. Marie, MI metro area, MImetro44
- Mount Sterling, KY metro area, KYmetro42
- Ada, OK metro area, OKmetro45
- Fairmont, MN metro area, MNmetro44
- Alma, MI metro area, MImetro48
- Emporia, KS metro area, KSmetro50
- Coldwater, MI metro area, MImetro52
- Woodward, OK metro area, OKmetro43
- Altus, OK metro area, OKmetro49
Frequently asked questions
Is Albert Lea, MN metro area a buyer's or seller's market?
In the scores computed September 2026, Albert Lea, MN metro area is classified as a Balanced Market, based on its Alpha Score of 46 out of 100. It is based on the 4 of five dimensions we can measure for this market — building, affordability, economic, and rental-yield — whose weights are scaled up to cover the whole score. The rest are not measured here and are left out rather than filled in with a placeholder.
Are home prices rising or falling in Albert Lea, MN metro area?
The median sale price in Albert Lea, MN metro area is $241K, having risen 34.1% over the past year.
How affordable is Albert Lea, MN metro area?
Albert Lea, MN metro area scores 90 out of 100 on affordability — relatively affordable relative to local incomes and prevailing mortgage rates compared with other metros.
What's driving Albert Lea, MN metro area's Alpha Score?
Albert Lea, MN metro area's strongest dimension is Affordability (90/100) and its weakest is Inventory Health (20/100). The Alpha Score is a weighted blend of five dimensions; 4 of them have data for this market.
Want the live, interactive view of Albert Lea, MN metro area? Open the full market dashboard — charts, ZIP-level drill-down, and watchlist tracking. Explore the map or read the methodology.