Albert Lea, MN

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Albert Lea short-term rental market based on reliable data.

Listings

36 / 68

Reliable / Active

Cap Rate

13%

Middle-Earners Gross Yield

Revenue

$23,032

Middle-Earners Revenue

Occupancy

70%

Middle-Earners Occupancy

Home Value

$181,301

Median Home Sale Price

Top Earners

$43,165

Top-Earners Revenue

Albert Lea

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Albert Lea.

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B

Generally Investor friendly

Albert Lea Regulations

Albert Lea permits short-term rentals citywide but requires a standard rental housing license and a safety inspection, adding moderate cost/complexity; there are no caps or STR-specific bans and compliance follows the ordinary rental process, making this a manageable but not fully streamlined environment for investors.

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About Albert Lea

Albert Lea is a small city in southern Minnesota that serves as the county seat of Freeborn County, with a population of roughly 17,500 residents. The community sits at the junction of several lakes — including Fountain Lake, Albert Lea Lake, and Goose Lake — which has earned it the long-standing nickname "The Land Between the Lakes." It has a quiet, mid-American feel: a regional service hub surrounded by farmland, wetlands, and glacial lakes, with a compact downtown and a slow pace of life. Albert Lea is approximately 90 miles south of Minneapolis–Saint Paul, the closest major metropolitan area, and lies just a few miles north of the Iowa border, making it a convenient crossroads town for travelers moving through the Upper Midwest.

One of the area's marquee outdoor draws is Myre-Big Island State Park, located about five miles south of downtown. The park wraps around Big Island Lake and offers a mix of hardwood forest, marshland, and prairie, with miles of hiking trails, a swimming beach, and seasonal camping. It's a popular spot for visitors who want a low-key, less-crowded alternative to Minnesota's busier state parks, and it's a natural selling point for rentals catering to nature lovers driving through southern Minnesota.

Fountain Lake itself is central to the city's identity and is just a short walk or drive from nearly anywhere in town. The lake features a paved walking and biking trail that circles much of its shoreline, along with public access points for fishing, kayaking, and paddleboarding. Visitors who want a relaxed lake experience without leaving the city limits can launch a small craft or simply take in the views from one of the waterfront parks.

A bit further afield, the wider region offers additional appeal for guests who don't mind short drives. Albert Lea is roughly an hour and a half north of the Iowa Great Lakes region and within easy reach of several other state wildlife management areas popular with hunters, birders, and anglers. Its position along Interstate 35 and Interstate 90 also makes it a natural stopover for road trippers traveling between Minneapolis–Saint Paul and points south.

For short-term rental owners, Albert Lea offers a combination that is hard to replicate: small-town affordability, four-season outdoor recreation right at the doorstep, and a strategic location on two major interstate corridors. Guests looking for a peaceful base with easy access to lakes, trails, and regional travel routes will find the city a comfortable and memorable stopping point in southern Minnesota.

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