Albany, MN 56307 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Albany, MN—56307

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$345,000

3.2% YoY Growth

Household Income

$89,600

33.7% YoY Growth

Days on Market

135

175.0% Longer YoY

Home Price Forecast

2.3%

Median Rent

$910

14.5% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$910

14.5% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Albany, MN

As of Dec '25, the median home price in Albany, MN is $345,000, with a year-over-year change of 3.2%. This indicates that home prices in Albany, MN are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$345,000	3.2%
Single Family	$345,000	3.0%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Albany, MN

As of July '25, Rentcast reports the average rent in Albany, MN is $910, with a year-over-year rent change of 14.5%. Per bedroom, the median rent as of July '25 in Albany, MN is 2-bedrooms: $910. The most common rental property sizes in Albany, MN are 2-bedroom and 1-bedroom, accounting for 35.5% and 28.7% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$910	$910
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$910	$910
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

9.2%

1 Bedroom

28.7%

2 Bedrooms

35.5%

3 Bedrooms

22.7%

4 Bedrooms

3.9%

Property Listings — Albany, MN

As of Dec '25, Realtor.com reports that the median days on market for a home in Albany, MN is 105. This is a increase of 103.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$295,000	-9.0%
Listing Count	11	95.0%
Listings as % of Homes	0.5%	95.0%
Days on Market	135	175.0%

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Demographics — Albany, MN

As of the latest ACS Survey released in 2023, Albany, MN has a population of 5,230, which has decreased by -5.2% over the past 5 years. Albany, MN is a popular place for families, as children make up 28.6% of the population. The area has a poorly educated workforce, with 20.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.1% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,230	-5.2%
% Under 18	28.6%	1.8%
% Seniors	17.5%	4.8%
% WFH	10.1%	55.4%
% w/ College Degree	20.8%	13.7%

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As of the latest ACS Survey released in 2023, Albany, MN is a predominantly white area, with 94.4% of the population identifying as white. The white population has shrunk by 0.8% in the last 5 years. The second most common race or ethnicity in Albany, MN is hispanic, making up 2.0% of the population. Foreign-born residents account for 1.8% of the population in Albany, MN, and this percentage has increased by 50.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	94.4%	-0.8%
% Black	0.2%	-88.9%
% Hispanic	2.0%	81.8%
% Asian	0.9%	125.0%
% Foreign Born	1.8%	50.0%

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Mortgage and Risk — Albany, MN

According to HUD data as of 2023, there were 54 mortgage originations in Albany, MN, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 28.0% above 90% LTV (very high). This implies large mortgage risk in Albany, MN. Investor activity is low, as 0.0% of loans were by investors. 22.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	54
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	0.0%
% Second Loans	0.0%
% Cash Out Refinance	22.0%

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Rentals and Section 8 — Albany, MN

Albany, MN lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	75
Total Units Section 8	10
% Rentals under Section 8	2.4%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$820
2 Bedroom	$130	$910	$1,040
3 Bedroom	N/A	N/A	$1,380
4 Bedroom	N/A	N/A	$1,640

Albany, MN—56307

Key Metrics at a Glance

Home Price Trends — Albany, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Albany, MN

% of Rental Stock

Property Listings — Albany, MN

Demographics — Albany, MN

Race and Ethnicity

Mortgage and Risk — Albany, MN

Mortgages

Rentals and Section 8 — Albany, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Albany, MN

Home Price to Income Ratio

Albany, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Freeport, MN

Avon, MN

New Munich

Saint Martin

Richmond, MN

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	3.4
Median Home Price	$345,000
Median Household Income	$89,600

Albany, MN—56307

Key Metrics at a Glance

Home Price Trends — Albany, MN

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Albany, MN

% of Rental Stock

Property Listings — Albany, MN

Demographics — Albany, MN

Race and Ethnicity

Mortgage and Risk — Albany, MN

Mortgages

Rentals and Section 8 — Albany, MN

Section 8 Market Size

Section 8 Opportunity

Affordability — Albany, MN

Home Price to Income Ratio

Albany, MN — ZIP Code Boundary Map

Nearby ZIP Codes

Freeport, MN

Avon, MN

New Munich

Saint Martin

Richmond, MN

Frequently Asked Questions

What is the average home price in Albany, MN 56307?

How have home prices in Albany, MN 56307 changed over the past year?

What is the home price projection for Albany, MN 56307?

What are the demographics of Albany, MN 56307?

How long does it take homes to sell in Albany, MN 56307?

What is the average rent price in Albany, MN 56307?