Land and home values in Albert Lea, MN
Albert Lea is a city in Freeborn County, Minnesota, home to about 18,330 people. Residential land runs about $4.42 per sq ft, the typical home is worth about $185,000, and a 2-bedroom rents for about $1,320 a month, as of October 12, 2026.
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| Land: residential | $4.42 | per sq ft |
| Land: residential | $192,753 | per acre |
| Land: quarter-acre lot | $48,188 | 10,890 sq ft |
| Home: typical (median) | $185,000 | value |
| Home: entry-level | $153,000 | lower quartile |
| Home: upper-end | $367,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $1,010 | per month |
| Rent: 2-bedroom | $1,320 | per month |
| Rent: 3-bedroom | $1,740 | per month |
| Rent: 4-bedroom | $1,950 | per month |
| Gross yield, 2-bed | 8.6% | a year |
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Questions people ask
How much is land worth in Albert Lea, MN?
Residential land in Albert Lea, MN is about $4.42 per square foot, or $192,753 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $48,188. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Albert Lea, MN?
The typical (median) home in Albert Lea, MN is worth about $185,000, with entry-level homes around $153,000 and upper-end homes around $367,000, as of October 2026.
How much is rent in Albert Lea, MN?
A 2-bedroom rents for about $1,320 a month in Albert Lea, MN, a 1-bedroom about $1,010 and a 3-bedroom about $1,740 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.