The story of this market
The typical home in ZIP 55301 sells for about $399,900, or $181 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,351 a month.
ZIP 55301 — Albertville
The 55301 market shows steady demand driven by its appeal to families and proximity to the Twin Cities. While pricing has appreciated, the market remains balanced with moderate inventory levels. Investors should note that the market favors owner-occupants over passive rental operators due to current price-to-rent ratios.
This ZIP is ideal for families seeking suburban living with high-quality schools and commuters who value a balance between affordability and access to the Twin Cities.
Median prices moved up 2.5% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.7% · poverty 1.7% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.6%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 55301, Wright County MN
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Crime rates in Albertville are generally low, with the area experiencing significantly lower violent and property crime rates compared to the national average and regional urban centers.
Schools serving the 55301 ZIP code are part of the St. Michael-Albertville School District, which is highly regarded for its academic performance and extracurricular programs.
The area faces moderate risk from severe weather, including thunderstorms and winter storms, while flood risk is generally low due to the inland geography.
Albertville serves as a growing residential suburb with significant retail development along the I-94 corridor, supported by its proximity to the Twin Cities employment market.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Minnesota) — Condominium Unit Taxation: Each unit constitutes a separate parcel for tax purposes. If a declaration is recorded at least 30 days before a tax installment is due, the taxing authority must split the taxes among the units. State (Minnesota) — Minnesota General Property Tax Classification System: Property tax is calculated by applying a class rate to the parcel's estimated market value to determine tax capacity, then multiplying by the local tax rate. For residential homesteads (Class 1a), the rate is 1.00% for the first $500,000 of market value and 1.
Residents primarily commute via I-94, providing a direct route to the Minneapolis-St. Paul metropolitan area, with typical drive times ranging from 35 to 50 minutes depending on traffic.
The area features numerous community parks, the Albertville Premium Outlets for shopping, and proximity to several lakes and regional trails for outdoor activities.
The rental market is characterized by low vacancy rates and steady demand, with a mix of single-family rentals and newer multi-family developments.
The local economy is supported by retail, light manufacturing, and service industries, with many residents employed in the broader Minneapolis-St. Paul metro area.
Transportation is heavily reliant on personal vehicles, with I-94 serving as the primary artery for regional connectivity.
Development is focused on expanding residential capacity and enhancing commercial infrastructure along the I-94 corridor.
Wright County Assessor manages property valuations, utilizing annual market analysis to determine taxable values.
Parcels are subject to St. Michael-Albertville School District levies and local municipal utility districts.
Property insurance premiums are standard for the region, with typical coverage for wind and hail damage common in Minnesota.
Data retrieved from data.census.gov ZCTA 55301 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A major regional shopping destination featuring numerous brand-name stores.
A central community hub with sports fields and recreational facilities.
A local golf course providing recreational space for residents.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).