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Albany, Minnesota Mortgage and Housing Information
Population: 1,796
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Lifestyle in Albany
Income
| U.S. | Minnesota | Albany | |
|---|---|---|---|
| Median Earnings | $23,755 | $25,505 | $19,492 |
| Median Earnings, Males | $29,458 | $31,448 | $28,051 |
| Median Earnings, Females | $18,957 | $20,298 | $15,692 |
Males earn $12,359 (78.8%) more than Females in Albany.
Commuting in Albany
Means of transportation to work, workers over 16 years old.
| Means of Transport | Number of People |
|---|---|
| Car, solo | 635 |
| Carpooled | 73 |
| Public Transit | 0 |
| Bicycle | 0 |
| Walking | 38 |
| Other Means | 2 |
| Total, Commuted | 748 |
| Worked from home | 45 |
| Total | 793 |
Time Spent Commuting in Albany
Time spent commuting in Albany
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 110 |
| 5-9 | 193 |
| 10-14 | 50 |
| 15-19 | 61 |
| 20-24 | 75 |
| 25-29 | 97 |
| 30-34 | 73 |
| 35-39 | 19 |
| 40-44 | 10 |
| 45-59 | 34 |
| 60-89 | 12 |
| Over 90 | 14 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 129 | 24.8% | 133 | 25.6% |
| Associate Degree | 20 | 3.8% | 28 | 5.4% |
| Bachelor's Degree | 60 | 11.5% | 62 | 11.9% |
| Master's Degree | 12 | 2.3% | 16 | 3.1% |
| Professional Degree | 17 | 3.3% | 16 | 3.1% |
| Doctorate Degree | 2 | 0.4% | 2 | 0.4% |
| Total (at least some college) | 240 | 46.2% | 257 | 39.1% |
| Total over 25 | 520 | 100% | 657 | 100% |
Housing in Albany
Cost of Single-Family Houses
| Median price asked in year 2000 | $47,500 |
|---|
Value of Houses and Condos
| U.S. | Minnesota | Albany | |
|---|---|---|---|
| Median home value in year 2000 | $111,800 | $118,100 | $86,700 |
Monthly Owner Costs
| U.S. | Minnesota | Albany | |
|---|---|---|---|
| With a mortgage | $1,088 | $1,044 | $762 |
| Without a mortgage | $295 | $271 | $233 |
Tenancy in Albany
| Owner-occupied homes | 496 |
|---|---|
| Renter-occupied homes | 212 |
| Homes for sale | 4 |
| Homes for rent | 10 |
| Total | 732 |
Ownership of Single-family Houses
Types of mortgages for owner-occupied Single-family Houses in Albany (2000)
| Mortgage Type | Number of Single-family Houses | Percent of total |
|---|---|---|
| Without a mortgage | 197 | 44.9% |
| First Mortgage Only | 208 | 47.4% |
| Second Mortgage and/or Home Equity Loan | 34 | 7.7% |
| Total | 439 | 100% |
Age of Albany Residents
| Males | Females |
|---|---|
| 33 | 38 |
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