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Albany, MN Real Estate


According to census data in the year 2000 there were 729 housing units in Albany. This represents a 17% growth from 623 in 1990.

Of those housing units, none were located in either urbanized areas or urban clusters, and 729 were located in what is classified as a rural area.

Homeownership rate in Albany is about 69.7%. Albany's vacancy rate, including seasonal lodging, is about 3%. Average household size is 2.39 people.

The majority of houses, apartments or condos in Albany were built after 1964.

Statistics

Housing Size

Housing Units by Size
Studio Type0.80%
One Bedroom14.30%
Two Bedrooms26.50%
Three Bedrooms39%
Four Bedrooms16.90%
Five Bedrooms or more2.60%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.67
Median year structure was built1959
Median Value of occupied units$88,800
Median Price asked for vacant units$47,500

Rented Homes, Apartments and Condos

Average Household Size1.76
Median year structure was built1980
Median Monthly Rent asked for vacant units$665

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.80%
Home Equity Loan3%
Simple Mortgage47.40%
Debt Free44.90%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs15.8%