Albany, MN housing market
The typical Albany home is worth about $352,000, up 2.2% in a year, close to the Minnesota typical home.
Home values, sales, trends and how Albany compares with the towns next door — updated as new data is published.
Albany at a glance
Typical home value, 2016–2026
Show as a table
| January | Albany | Minnesota |
|---|---|---|
| 2017 | $197,000 | $217,000 |
| 2018 | $208,000 | $232,000 |
| 2019 | $220,000 | $246,000 |
| 2020 | $231,000 | $259,000 |
| 2021 | $254,000 | $282,000 |
| 2022 | $291,000 | $313,000 |
| 2023 | $313,000 | $325,000 |
| 2024 | $328,000 | $331,000 |
| 2025 | $341,000 | $341,000 |
| 2026 | $349,000 | $349,000 |
| August 2026 | $352,000 | $351,000 |
No new homes permitted in 2011
No permits for new homes were issued in Albany in 2011. The last year with any was 2009 (10 new homes).
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 10 | 3 | 7 | $179,000 |
| 2008 | 13 | 4 | 9 | $239,000 |
| 2007 | 22 | 7 | 15 | $417,000 |
| 2006 | 21 | 9 | 12 | $537,000 |
| 2005 | 28 | 12 | 16 | $716,000 |
| 2004 | 35 | 13 | 22 | $775,000 |
| 2003 | 33 | 12 | 21 | $716,000 |
| 2002 | 35 | 11 | 24 | $656,000 |
| 2001 | 22 | 10 | 12 | $596,000 |
| 2000 | 28 | 13 | 15 | $775,000 |
Albany's permit office didn't report to the Census in 2011, so the 2011 figures are Census estimates.
How Albany ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey.
Albany and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2014 | Median income |
|---|---|---|---|---|---|
| Albany | $352K | +2.2% | $1,040 | — | $127,946 |
| Krain | — | −6.6%† | $1,050 | — | $101,667 |
| Farming | — | −1.8%† | $1,040 | 0 | $95,417 |
| Avon | $378K | +2.6% | $1,040 | — | $107,917 |
| Oak | — | — | $1,100 | 0 | $89,219 |
† FHFA price index change, where Zillow has no home value for the town.
2.8 years of income
The typical Albany home costs about 2.8 years of the town's median household income, less than across Minnesota (3.9 years).
How Albany ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,040
HUD's Fair Market Rent for a two-bedroom in Albany is $1,040 a month, utilities included: roughly what a modest, recently rented unit costs. A two-bedroom takes about 10% of the town's median household income.
Studio $780 · 4 bedrooms $1,620
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56307, 56310; St. Cloud, MN MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.