Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Albany Public

Learn about the people, housing, costs and businesses in Albany Public, Minnesota

Median Home$286,604
Median Rent$778/month
Population9,337
Leading IndustriesWholesale Trade · Transportation · Public Administration14% wholesale trade
Home Value Growth⬆⬆+20.1% over 2 years
Family-Friendly26% of residentsabove average nationally
Homeowners81% of occupied units
NotableHigh Incomes$91k/year · top 23% nationally
Albany Public
MN

Frequently Asked Questions

What are today's mortgage rates in Albany Public?

As of today, the 30-year fixed mortgage rate for Albany Public is approximately 6.957% (6.995% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Albany Public
What is the median home price in Albany Public?

The median home value in Albany Public is $287k. The median monthly rent is $778. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Albany Public?

Home values in Albany Public have increased 20.1% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Albany Public?

Based on a typical all-in ownership cost of $1,232/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Albany Public is $91k/year.

Calculate your buying power
What industries drive the economy in Albany Public?

The largest employment sectors in Albany Public are public administration (26%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.