West Albany, MN housing market
Home prices around West Albany have risen about 50% over the past 5 years.
Home values, sales, trends and how West Albany compares with the towns next door — updated as new data is published.
Home prices up 50% in 5 years
The federal house price index for the ZIP codes around West Albany rose 50% over the past 5 years, faster than across Minnesota (37%). Last year prices fell 2%.
Show as a table
| Year | Change that year | Since 2000 | Minnesota since 2000 |
|---|---|---|---|
| 2025 | −2% | +150% | +127% |
| 2024 | +13% | +155% | +120% |
| 2023 | +6% | +124% | +113% |
| 2022 | +15% | +112% | +104% |
| 2021 | +10% | +84% | +82% |
| 2020 | +1.9% | +66% | +66% |
| 2019 | +8.3% | +63% | +61% |
| 2018 | +3.9% | +51% | +55% |
| 2017 | +0.8% | +45% | +46% |
| 2016 | +6.4% | +44% | +38% |
| 2015 | +3.9% | +35% | +32% |
| 2014 | −1.4% | +30% | +28% |
| 2013 | +2.5% | +32% | +21% |
| 2012 | +2% | +29% | +16% |
| 2011 | −3.7% | +26% | +18% |
| 2010 | −5.7% | +31% | +25% |
| 2009 | −5.9% | +39% | +33% |
| 2008 | −3.6% | +48% | +42% |
| 2007 | +3.3% | +53% | +48% |
| 2006 | +4.4% | +48% | +49% |
| 2005 | +4.6% | +42% | +45% |
| 2004 | +8.2% | +36% | +34% |
| 2003 | +4% | +26% | +23% |
| 2002 | +7.1% | +21% | +18% |
| 2001 | +13% | +13% | +9.2% |
| 2000 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 55041, 55957, 55945, covering 62% of West Albany’s land, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost.
West Albany and its neighbors
| Town | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|
| West Albany | −2%† | $1,140 | $90,192 |
| Gillford | −2.2%† | $1,220 | $86,250 |
| Lake | −2.1%† | $1,240 | $96,750 |
† FHFA price index change, where Zillow has no home value for the town.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024 · figures for a place this size carry wide margins of error.
A two-bedroom rents for about $1,140
HUD's Fair Market Rent for a two-bedroom in West Albany is $1,140 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in West Albany pay a median of $950, so moving in tends to cost more than staying put.
Studio $960 · 4 bedrooms $1,920
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (55041, 55945, 55957; Wabasha County, MN HUD Metro FMR Area), 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. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.