$94,900
408 Elm St
Albert City, IA
2 bd1 ba1,152 sqft$82/ft²
House12,632 sqft lot
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Albert City, IA Housing Market
Leaning buyer's+3.1% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Albert City, IA is worth $162,642, rose 3.1% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $164,000 (through May 2026). With 4.0 months of supply and homes going under contract in about 51 days, Albert City is a leaning buyer's. At today's 7.03% 30-year fixed rate, 20% down on a $162,642 home is about $868/mo in principal and interest.
Key numbers for Albert City, IA
Typical home value
$162,642
+3.1% in 12 months
Zillow, August 2026
Median sale price
$164,000
Last published period
Redfin, through May 2026
Days on market
51
Average pace
Redfin, through May 2026
Active listings
4
4.0 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$76,094
Home costs 2.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
97.7%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Albert City a buyer's or seller's market?
Leaning buyer's4.0 months of supply51 days on market97.7% of asking
Albert City, IA is a leaning buyer's, based on 4.0 months of supply and homes selling in about 51 days. 4 to 5 months of supply is the neutral band: neither side holds a structural advantage, and outcomes turn on the individual property.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Albert City housing market data show?
Every row below is Redfin's final published month for Albert City, IA. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $164,000 |
| Median list price | $155,000 |
| Median price per sq ft | $83/sq ft |
| Median days on market | 51 days |
| Active inventory | 4 listings |
| Months of supply | 4.0 months |
| Sale-to-list price ratio | 97.7% |
| Homes sold (that month) | 1 |
| New listings (that month) | 1 |
| Listings with a price cut | 50.0% |
| Market condition | Leaning buyer's |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Albert City is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Albert City is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Albert City home prices moved?
Across the 25 months we hold for Albert City, IA, the median sale price rose 82.2%, from $90,000 in August 2021 to $164,000. The live Zillow value series has rose 3.1% in the last 12 months, which is the more current read now that Redfin's series has stopped. 50.0% of Albert City listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 4.0 months while the sale-to-list ratio slips below its current 97.7%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Albert City?
Priced off the typical home value of $162,642 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $32,528 | $130,113 | $868/mo |
| 5% | $8,132 | $154,510 | $1,031/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $868, that implies roughly $37,212 a year before you add taxes and insurance. The median household in Albert City earns $76,094, about $38,882 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 2.1x — close to the historical 3x norm, which is unusual in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Albert City in the next 12 months?
Tell us your timeline. We send the Albert City market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Albert City?
Zillow does not publish a rent index (ZORI) for Albert City, IA, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Albert City?
Active listings in Albert City, IA went from 1 in July 2023 to 4 in May 2026, a +300.0% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| December 2023 | 1 | 1 |
| January 2024 | 1 | 1 |
| March 2024 | 1 | 1 |
| June 2024 | 3 | not published |
| July 2024 | 4 | 1 |
| September 2024 | 4 | not published |
| December 2024 | 1 | 1 |
| August 2025 | 1 | not published |
| September 2025 | 2 | 3 |
| December 2025 | 3 | not published |
| March 2026 | 3 | 2 |
| May 2026 | 4 | 1 |
Redfin, through May 2026
How does Albert City compare to Iowa and the U.S.?
Albert City homes sell for $164,000 — 37% below the Iowa median of $258,700. Against the national median of $410,700, Albert City runs 60% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Albert City, IA | $164,000 | not published | 51 days |
| Iowa statewide | $258,700 | +2.3% | 37 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Albert City
What buyers should watch
- Months of supply, currently 4.0. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 50.0%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $163 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $162,642 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Albert City listing goes under contract in 51 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 97.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Albert City added 1 new listings against 1 sales — more clearing than arriving, which is the better window to list.
- Your equity moved +3.1% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Albert City varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Albert City
There are currently 4 homes listed for sale in Albert City, Iowa. The median listing price is $155K. Featured listings range from $94,900 to $167,900.
$132,500
15-92-35 A C T Fairfield in 1/2 Pt ESE Lot C
Albert City, IA
Farm12.56 acres
View photos & details
$167,900
402 Elm St
Albert City, IA
5 bd2 ba1,966 sqft$85/ft²
House16,988 sqft lot
View photos & details
Looking to buy in Albert City?
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Active listings
4
Homes on market
Median list price
$155K
Avg. days on market
51
Days until sale
New this week
1
Newly listed
Price drops:50.0%of listings
Sale-to-list:97.7%
How much do homes cost in Albert City by property type?
How the Albert City, IA market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $164,000 | $83/sq ft | 1 | 51 days |
Who lives in Albert City?
American Community Survey estimates for Albert City. U.S. Census ACS, 2023
Population
680
Households
261
Median income
$76,094/yr
Median age
45.5 years
Owner-occupied
79.7%
Median home value
$92,500
Median gross rent
$778/mo
Mean commute
28.4 min
79.7% of occupied homes in Albert City are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $92,500 against Zillow's $162,642 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions.
Which public schools serve Albert City?
1 schools tracked · 104 students
The largest public schools serving Albert City, IA by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Albert City-Truesdale Elementary School
Grades PK-6 · 104 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Albert City, IA?
Ordered by distance from Albert City, not by size. Compare Albert City side by side with any of them.
Albert City housing market FAQ
Is Albert City a buyer's or seller's market?
Albert City, IA is currently a leaning buyer's. That read comes from 4.0 months of supply, homes going under contract in about 51 days, and sellers getting 97.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Albert City?
The typical home in Albert City, IA is worth $162,642 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $164,000, about $83 per square foot.
Is Albert City cheaper than the rest of Iowa?
Albert City's median sale price of $164,000 is 37% lower than the Iowa statewide median of $258,700, and 60% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Albert City?
Homes in Albert City, IA spent a median of 51 days on market before going under contract, versus 37 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Albert City?
At the current 30-year fixed rate of 7.03%, 20% down on a $162,642 home is about $868 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $37,212 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $76,094.
Are home prices rising in Albert City?
The typical home value in Albert City, IA rose 3.1% over the last 12 months, from $157,699 to $162,642 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Albert City?
Albert City ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Albert City?
That depends on your timeline, not on a headline. What the data says today: Albert City, IA is a leaning buyer's with 4.0 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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