Albert Lea, MN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Albert Lea short-term rental market based on reliable data.
Listings
34 / 66
Reliable / Active
Cap Rate
13%
Middle-Earners Gross Yield
Revenue
$21,636
Middle-Earners Revenue
Occupancy
64%
Middle-Earners Occupancy
Home Value
$170,380
Median Home Sale Price
Top Earners
$44,354
Top-Earners Revenue
Albert Lea
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Albert Lea.
Loading top listings...
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.
Local STR Agent
STR specialist · Albert Lea, MN
About Albert Lea
Albert Lea ( AL-bərt LEE) is a city in Freeborn County, in southern Minnesota. It is the county seat. Its population was 18,492 at the 2020 census.The city is at the junction of Interstates 35 and 90, about 90 miles (140 km) south of the Twin Cities. It is on the shores of Fountain Lake, Pickerel Lake, Albert Lea Lake, Goose Lake, School Lake, and Lake Chapeau. Fountain Lake and Albert Lea Lake are part of the Shell Rock River flowage. The city's early growth was based on agriculture, farming support services and manufacturing, and it was a significant rail center. At one time it was the site of Cargill's headquarters. Other manufacturing included Edwards Manufacturing (barn equipment), Scotsman Ice Machines, Streater Store fixtures, and Universal Milking Machines. As in many U.S. cities, Albert Lea's manufacturing base has substantially diminished. A major employer was the Wilson & Company meatpacking plant, later known as Farmstead and Farmland. This facility was destroyed by fire in July 2001.