Albert Lea, MN

Albert Lea is a small town located in the southwestern part of Minnesota. The population was 10,827 as of the 2010 census. Albert Lea is known for its agricultural and manufacturing industries, but it has also become a popular tourist destination because of its many lakes and recreational opportunities.

Real estate in Albert Lea is dominated by single-family homes and duplexes. The median price for a single-family home was $142,000 in 2016, while the median price for a duplex was $128,000. There are also a few apartments available, but they are mostly reserved for students attending nearby colleges or retirees who want to live close to town.

The most common type of real estate in Albert Lea is residential property that is used for housing purposes. However, there are also commercial properties available that can be used for businesses or rental units. The commercial market in Albert Lea is relatively stable because there are not many new developments being built right now.