The typical owner-occupied home in Albertville is worth about $343,700, 4% above the Minnesota median of $329,300 and 3% above the national median of $332,700. Owners pay a median $3,889 a year in property taxes, about 1.13% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $132,734 a year, so the median home costs 2.6 times the median income (3.7 times for Minnesota). 88% of occupied homes here are lived in by their owners, and 80% of those owners still have a mortgage.
Albertville at a glance
| Albertville | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $343,700 | $329,300 | $332,700 |
| Median property tax paid per year | $3,889 | $3,357 | $3,119 |
| Property tax as a share of value | 1.13% | 1.02% | 0.94% |
| Median household income | $132,734 | $89,062 | $80,734 |
| Homes lived in by their owners | 88% | 72% | 65% |
| Owner homes with a mortgage | 80% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $2,076 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 17.4% | 19.7% | 21.0% |
| Median rent | $1,348 | $1,280 | $1,413 |
| Rent as a share of renters' income | 23.9% | 29.2% | 30.6% |
| Median year homes were built | 1999 | 1979 | 1980 |
| Vacant homes | 4.3% | 9.3% | 10.1% |
| Population | 8,207 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Albertville
At this week's average 30-year rate of 7.11%, buying the median Albertville home of $343,700 with 20% down costs about $2,317 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,889, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $99,280 for the 20%-down payment. That payment is 21% of the median Albertville household income of $132,734; at that income and 20% down, the 28% guideline points to a home of about $460,000.
The median rent here is $1,348 a month, so owning the median home costs about $969 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $68,740 |
|---|---|
| Loan amount | $274,960 |
| Principal and interest | $1,850 |
| Property taxes (1.13% a year) | $324 |
| Homeowners insurance (our estimate, 0.5% a year) | $143 |
| PMI | $0 |
| Total per month | $2,317 |
Change the numbers in the calculator
| Down payment | $12,030 |
|---|---|
| Loan amount | $337,475 |
| Principal and interest | $2,270 |
| Property taxes (1.13% a year) | $324 |
| Homeowners insurance (our estimate, 0.5% a year) | $143 |
| FHA mortgage insurance | $152 |
| Total per month | $2,889 |
Change the numbers in the calculator
Questions about home buying in Albertville
What is the median home value in Albertville?
About $343,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Albertville?
Homeowners pay a median $3,889 a year, which is about 1.13% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Albertville?
For the median home with 20% down at 7.11%, the payment is about $2,317 a month. Keeping that under 28% of gross income takes about $99,280 a year.
More about Albertville
- Mortgage Refinance in Albertville
- Debt Relief in Albertville
- Home Equity Loans in Albertville
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data