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Albert Lea, Minnesota Mortgage and Housing Information
Population: 18,356
Data Source:US Census Bureau. All figures are from year 2000 unless otherwise noted.
Lifestyle in Albert Lea
Income
| U.S. | Minnesota | Albert Lea | |
|---|---|---|---|
| Median Earnings | $23,755 | $25,505 | $19,799 |
| Median Earnings, Males | $29,458 | $31,448 | $25,711 |
| Median Earnings, Females | $18,957 | $20,298 | $16,262 |
Males earn $9,449 (58.1%) more than Females in Albert Lea.
Commuting in Albert Lea
Means of transportation to work, workers over 16 years old.
| Means of Transport | Number of People |
|---|---|
| Car, solo | 6,703 |
| Carpooled | 989 |
| Public Transit | 45 |
| Bicycle | 21 |
| Walking | 251 |
| Other Means | 63 |
| Total, Commuted | 8,072 |
| Worked from home | 219 |
| Total | 8,291 |
Time Spent Commuting in Albert Lea
Time spent commuting in Albert Lea
| Time spent in minutes | Number of People |
|---|---|
| Less than 5 | 591 |
| 5-9 | 2,748 |
| 10-14 | 2,176 |
| 15-19 | 730 |
| 20-24 | 360 |
| 25-29 | 261 |
| 30-34 | 546 |
| 35-39 | 118 |
| 40-44 | 74 |
| 45-59 | 185 |
| 60-89 | 156 |
| Over 90 | 127 |
Education
| Level | Number of Males | Percent of Males | Number of Females | Percent of Females |
|---|---|---|---|---|
| Some College | 1,189 | 20.2% | 1,670 | 28.3% |
| Associate Degree | 342 | 5.8% | 365 | 6.2% |
| Bachelor's Degree | 592 | 10.0% | 651 | 11.0% |
| Master's Degree | 191 | 3.2% | 169 | 2.9% |
| Professional Degree | 107 | 1.8% | 44 | 0.7% |
| Doctorate Degree | 5 | 0.1% | 0 | 0.0% |
| Total (at least some college) | 2,426 | 41.2% | 2,899 | 42.1% |
| Total over 25 | 5,893 | 100% | 6,889 | 100% |
Housing in Albert Lea
Cost of Single-Family Houses
| Median price asked in year 2000 | $92,800 |
|---|
Value of Houses and Condos
| U.S. | Minnesota | Albert Lea | |
|---|---|---|---|
| Median home value in year 2000 | $111,800 | $118,100 | $69,500 |
Monthly Owner Costs
| U.S. | Minnesota | Albert Lea | |
|---|---|---|---|
| With a mortgage | $1,088 | $1,044 | $688 |
| Without a mortgage | $295 | $271 | $234 |
Tenancy in Albert Lea
| Owner-occupied homes | 5,673 |
|---|---|
| Renter-occupied homes | 2,112 |
| Homes for sale | 63 |
| Homes for rent | 129 |
| Total | 8,133 |
Ownership of Single-family Houses
Types of mortgages for owner-occupied Single-family Houses in Albert Lea (2000)
| Mortgage Type | Number of Single-family Houses | Percent of total |
|---|---|---|
| Without a mortgage | 2,085 | 41.3% |
| First Mortgage Only | 2,234 | 44.3% |
| Second Mortgage and/or Home Equity Loan | 728 | 14.4% |
| Total | 5,047 | 100% |
Age of Albert Lea Residents
| Males | Females |
|---|---|
| 39 | 43 |
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