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St. Michael-Albertville

Learn about the people, housing, costs and businesses in St. Michael-Albertville, Minnesota

Median Home$378,995
Median Rent$1,653/month
Population27,297
Leading IndustriesTransportation · Wholesale Trade · Education5% transportation
Home Value Growth+7.2% over 2 years
Family-Friendly28% of residentstop 4% nationally
Homeowners89% of occupied units
NotableHighly Educated32% hold a bachelor's degree · top 3% nationally
NotableHigh Incomes$130k/year · top 4% nationally
St. Michael-Albertville
MN

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in St. Michael-Albertville?

As of today, the 30-year fixed mortgage rate for St. Michael-Albertville is approximately 6.889% (6.925% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in St. Michael-Albertville?

The median home value in St. Michael-Albertville is $379k. The median monthly rent is $1,653. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in St. Michael-Albertville?

Home values in St. Michael-Albertville have increased 7.2% over the past two years. This represents moderate growth. 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 St. Michael-Albertville?

Based on a typical all-in ownership cost of $1,870/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $80k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in St. Michael-Albertville is $130k/year.

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What industries drive the economy in St. Michael-Albertville?

The largest employment sectors in St. Michael-Albertville are public administration (21%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.