Market Snapshot
Report generated March 2026
| Indicator | Value |
|---|---|
| Population | 30,752 ↓ 0.5% since 2020 |
| Median Household Income | $69,012 7% below national median |
| Median Home Value | $164,900 |
| Unemployment Rate | 3.8% |
| Median Age | 43.9 years |
| Housing Vacancy Rate | 8.7% |
| Total Land Sales (Past 12 Months) | 16 transactions |
| Active Listings | 17 properties |
| Avg Days on Market | 512 days |
Rural Land Sales (1+ Acres) (May 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Price/Acre | $6,831 |
| Recent Sales | 12 transactions |
| Avg Days on Market | 163 days |
| Avg Parcel Size | 33.11 acres |
| Active Listings | 8 properties |
Recent Rural Land Sales
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Feb 2026 | 35.68 | $230,000 | $6,446 | 902 Avenue | Austin |
| Jan 2026 | 11.03 | $65,000 | $5,893 | 270th St | Clarks Grove |
| Dec 2025 | 2.19 | $50,000 | $22,831 | Tbd Lake Chapeau Dr | Albert Lea |
| Dec 2025 | 23.87 | $175,000 | $7,331 | 15131 800th Ave | Glenville |
| Nov 2025 | 1.23 | $25,000 | $20,325 | 2325 W 9th St | Albert Lea |
| Oct 2025 | 148.29 | $919,398 | $6,200 | 245th St | Albert Lea |
| Sep 2025 | 14.12 | $120,000 | $8,499 | 68794 162nd St | Albert Lea |
| Aug 2025 | 80.00 | $175,000 | $2,188 | 782nd Ave | Glenville |
| Jul 2025 | 1.82 | $22,000 | $12,088 | Lakewood Ave | Albert Lea |
| Jul 2025 | 37.33 | $255,000 | $6,831 | 850th Ave | Glenville |
| Date | Acres | Price | $/Acre | Address | City |
|---|---|---|---|---|---|
| Jun 2025 | 11.76 | $50,000 | $4,252 | 22120 892nd Ave | Oakland |
| May 2025 | 30.00 | $150,000 | $5,000 | X 330th St | Ellendale |
Suburban/Urban Land Sales (Under 1 Acre) (Oct 2025 – Feb 2026)
| Metric | Value |
|---|---|
| Median Lot Price | $28,000 |
| Recent Sales | 4 transactions |
| Avg Days on Market | 93 days |
| Avg Parcel Size | 0.42 acres |
| Active Listings | 9 properties |
Recent Suburban/Urban Land Sales
| Date | Acres | Price | Address | City |
|---|---|---|---|---|
| Feb 2026 | 0.21 | $13,850 | 2201 Gene Ave | Albert Lea |
| Dec 2025 | 0.30 | $28,000 | 2907 & 2911 Campus Dr | Albert Lea |
| Nov 2025 | 0.59 | $30,000 | 310 3rd Ave NW | Glenville |
| Oct 2025 | 0.59 | $22,900 | 520 Milrose Cir | Albert Lea |
County Profile
| Demographic | Value |
|---|---|
| Total Population (2023) | 30,752 |
| Population (2020) | 30,895 |
| Population Growth | -0.46% |
| Median Household Income | $69,012 |
| Median Home Value | $164,900 |
| Total Housing Units | 14,116 |
| Vacant Housing Units | 1,231 |
| Housing Vacancy Rate | 8.7% |
| Median Age | 43.9 |
| Bachelor's Degree or Higher | 2,695 (8.8%) |
| Unemployment Rate | 3.8% |
Market Overview
Freeborn County, Minnesota has a population of 30,752, which has declined 0.46% since 2020. The median household income is $69,012, below the national median of $74,580 by 7.5%. The housing vacancy rate of 8.7% suggests balanced market conditions. Freeborn County is part of Minnesota's land market, attracting both local and out-of-state buyers. Recent rural land sales show a median price of $8,466 per acre, with properties averaging 27.40 acres. There are currently 17 active land listings in the county.
Related Resources
Nearby County Reports
Frequently Asked Questions
What is the current population of Freeborn County, Minnesota?
As of the 2023 American Community Survey, Freeborn County has a population of 30,752. The county has declined 0.46% since the 2020 Census.
What is the median household income in Freeborn County?
The median household income in Freeborn County is $69,012, which is 7.5% below the national median of $74,580.
Is Freeborn County growing or shrinking?
Freeborn County is shrinking. The population has declined 0.46% since 2020.
What is the housing market like in Freeborn County?
The median home value in Freeborn County is $164,900. The housing vacancy rate is 8.7%, which suggests balanced market conditions. The unemployment rate is 3.8%, reflecting the local economic conditions. Recent rural land sales (1+ acres) show a median price of $8,466 per acre. Suburban/urban lots under 1 acre have a median lot price of $19,900.
Does Reelvest buy land in Freeborn County, Minnesota?
Yes! Reelvest Properties buys vacant land throughout Minnesota, including Freeborn County. We make cash offers within 24-48 hours, close in 14-30 days, and pay all closing costs. Get your free cash offer today.
Data Sources: Market data reflects recent vacant land transactions in the county. Demographic data from U.S. Census Bureau American Community Survey (2023), Bureau of Labor Statistics (2025). Updated monthly.