Albertville, MN
Population 8,066 · Minnesota
About Albertville, MN
Albertville is a small town located in Minnesota with a population of 8,066 residents according to the latest US Census Bureau American Community Survey data. The median household income is $126,307 per year, which is 68% above the national median of $75,149. The median age of 37.4 years is close to the US median age of 38.9 years.
Housing Market Overview
The housing market in Albertville features a median home value of $326,400, which is 33% above the national median of $244,900. This positions Albertville in a moderately priced market relative to the rest of the country. Median monthly rent is $1,385, 19% above the national average of $1,163/month. Of the 3,037 total housing units, 88% are owner-occupied (2,553 units) and 12% are renter-occupied (345 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Albertville shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 0.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Albertville have an average one-way commute time of 29.9 minutes.
Education & Demographics
41.3% of Albertville residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This is in line with national trends in educational attainment. The community's demographic composition includes 0.4% White, 0.0% Hispanic or Latino, 0.3% Black or African American, and 0.4% Asian residents, with 1.8% of the population being foreign-born.
Cost of Living in Albertville, MN
Compared to national averages, Albertville has a median household income of $126,307 (68% above the national median of $75,149). Home values average $326,400, which is 33% above the national median. Monthly rent at $1,385 is 19% above the US average of $1,163. Within Minnesota, Albertville's income is 70% above the state average of $74,221, and home values are 60% above the state median of $204,472.
Why Live in Albertville, MN?
Albertville offers a strong local economy with a median household income of $126,307, well above the national average, and a strong job market with an unemployment rate of just 0.0%, and a well-educated community where 41.3% of residents hold a bachelor’s degree or higher. Additionally, the city features a low poverty rate of 0.6%, better than the national average.
Albertville has a population of 8,066 with a median age of 37.4 years. Compare Albertville with other cities to see how it stacks up, or explore all cities in Minnesota.
Similar Cities Near Albertville
Cities in Minnesota with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Wyoming | 8,063 | $101,938 | $328,900 | Compare |
| Mahtomedi | 8,108 | $132,326 | $466,100 | Compare |
| New Prague | 8,195 | $98,424 | $323,500 | Compare |
| Orono | 8,205 | $181,875 | $952,400 | Compare |
| St. Francis | 8,279 | $101,875 | $297,800 | Compare |
| Waite Park | 8,341 | $56,884 | $217,000 | Compare |
| Virginia | 8,362 | $48,321 | $117,500 | Compare |
| Dayton | 8,381 | $137,383 | $510,600 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Minnesota
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Albertville With Other Cities
Frequently Asked Questions about Albertville
What is the population of Albertville, MN?
The population of Albertville, MN is 8,066 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Minnesota.
What is the median household income in Albertville?
The median household income in Albertville, MN is $126,307 per year, which is 68% above the national median of $75,149.
What is the median home value in Albertville?
The median home value in Albertville, MN is $326,400, which is 33% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Albertville?
The median monthly rent in Albertville, MN is $1,385, which is 19% above the national average of $1,163/month.
What is the unemployment rate in Albertville?
The unemployment rate in Albertville, MN is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Albertville, MN a good place to live?
Albertville offers above-average incomes, a competitive housing market, and a strong job market. With a population of 8,066 and a median age of 37.4, the city appeals to a broad range of residents.
How educated is Albertville, MN?
41.3% of residents in Albertville aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. This above-average educational attainment often reflects a knowledge-based local economy.
What is the cost of living in Albertville?
Key cost-of-living indicators for Albertville, MN: median home value is $326,400 (33% above national), median rent is $1,385/month, and median household income is $126,307. The home-value-to-income ratio is 2.6x, indicating relatively affordable housing relative to local incomes.
What is the poverty rate in Albertville?
The poverty rate in Albertville, MN is 0.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Albertville, MN?
Albertville's population is 0.4% White, 0.0% Hispanic or Latino, 0.3% Black or African American, 0.4% Asian, and 0.6% two or more races. 1.8% of residents are foreign-born.