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Area data

Albert Lea, MN — ZIP 56007

Population: 21,377 (Census ACS)

The typical home value in ZIP 56007 (Albert Lea, MN) is $182,428 — up 4.6% over the past year. Homes sell for a median $192,443 after a median 29 days on market. Typical rent runs $1,043/month. 9 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Low, with drought, hail, strong wind the top-rated hazards. Cost of living is 11.4% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$182,428

Typical home value

+4.6%

1-year change

29

Median days on market

Relatively Low

Hazard risk (county)

Home values & appreciation

Typical home value
$182,428
1-year appreciation
+4.6%
3-year appreciation
+8.4%
5-year appreciation
+24.8%
10-year appreciation
+90.0%
Peak value since 2000 (Apr 2026)
$183,108
House Price Index (state)
442.4 (+2.4% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$192,443
Median list price
$216,782
Median price per sqft
$124
1-year sale-price change
+4.0%
Median days on market
29 days
Homes sold (recent period)
88
For-sale inventory
122
Sale-to-list ratio
97.4%
Active listings
85
1-year forecast
+2.3%
Days to pending
56 days
New listings (monthly)
32

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,043/mo
Studio fair-market rent
$719/mo
1BR fair-market rent
$790/mo
2BR fair-market rent
$1,033/mo
3BR fair-market rent
$1,355/mo
4BR fair-market rent
$1,555/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Low)
88.6 (100 = US avg)
Electricity rate (state-level)
15.8¢/kWh
Natural gas rate (state-level)
$11.00/MCF
30-year mortgage rate (national)
7.18%
15-year mortgage rate (national)
6.57%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
9
Elementary schools
4
Middle schools
1
High schools
3
Avg student-teacher ratio
14.4 : 1
Schools include
Albert Lea Senior High, Halverson Elementary, Hawthorne Elementary, Lakeview Elementary, Sibley Elementary

Source: NCES school directory, 2024-25 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Low
Top hazards (county)
drought, hail, strong wind, tornado, winter weather
Notable hazard ratings (county)
drought: Relatively High · hail: Relatively Moderate · tornado: Relatively Moderate · strong wind: Relatively Moderate · winter weather: Relatively Moderate · cold wave: Relatively Low
Most common flood zone among NFIP claims
Zone AE
NFIP flood claims on record
33
Wildfire risk to homes (county)
Higher than 9% of US counties
Buildings in wildfire direct-exposure zone
33.4%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
Flood zones vary by property. Look up a specific address on the FEMA Flood Map Service Center.
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Average annual temperature
45.0°F
Average high
55.0°F
Average low
36.0°F
Annual precipitation
37.2 in
Annual snowfall
38.1 in
USDA plant hardiness zone
5a (extreme annual low -20 to -15°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Walkability & transit

Walkability index
8.3 / 20
Transit service frequency
-99,999
Jobs reachable by car (30 min)
7,730
Jobs reachable by transit (45 min)
7,849

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
11
Nearest airport
Albert Lea Municipal Airport (AEL) (3 mi)
Nearest major airport
Mason City Municipal Airport (MCW) (35 mi)
Hospitals in or near this ZIP
1
Hospitals include
MAYO CLINIC HEALTH SYSTEM - ALBERT LEA AND AUSTIN
Avg hospital rating (CMS)
5.0 / 5
Best hospital rating nearby (CMS)
5.0 / 5
Solar radiation rating
Fair (3.9 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
-71 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
1960
Housing built before 1970
63.9%
Housing built 2000 or later
8.2%
Median annual property tax
$1,925
Mean commute to work
17 min
Households with broadband internet
65.0%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
10,289
Average weekly wage
$1,054
Top industries (by employment)
Health Care, Accommodation & Food, Construction
Annual residential building permits (county)
13

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 56007State medianUS median
Typical home value$182,428$298,060$285,053
Median sale price$192,443$303,661$319,906
Median days on market29 days35 days48 days
Typical rent$1,043/mo$1,669/mo$1,803/mo
Median annual property tax$1,925$2,128$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the typical home value in ZIP 56007?
$182,428.
What is the median sale price in ZIP 56007?
$192,443.
How long do homes take to sell in ZIP 56007?
Median days on market: 29 days.
What is typical rent in ZIP 56007?
Typical rent: $1,043/month.
What is the natural-hazard risk in ZIP 56007?
Overall risk: Relatively Low (FEMA NRI, county-level). Top hazards: drought, hail, strong wind, tornado, winter weather.
Is ZIP 56007 in a flood zone?
Flood zones vary by property within ZIP 56007. 33 FEMA flood-insurance (NFIP) claims are on record; the most common zone among them is AE. Check a specific address on the FEMA Flood Map Service Center.
What is the wildfire risk in ZIP 56007?
Risk to homes is higher than 9% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 56007?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 56007?
No current or proposed National Priorities List sites within 5 miles (EPA).
How many schools serve ZIP 56007?
9 schools (4 elementary, 1 middle, 3 high) (NCES, 2024-25).
Is ZIP 56007 walkable?
Walkability index: 8.3/20 (EPA Smart Location Database).
What is the cost of living in ZIP 56007?
Regional Price Parity: 88.6 (100 = US average) (Low) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Nov 2026. See all data sources →

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