ZIP Code 55953

In ZIP code 55953, near Albert Lea, homes carry a median value of $166,500 while households bring in a median income of $72,500. The county's 1.03% effective property tax rate works out to roughly $1,715 a year on a home at that median value, a figure that stays contained against earnings of that size. Per-capita income sits at $42,119. Day-to-day purchases face a combined sales tax of 7.38%. Home prices here remain within reach of local paychecks, and the property tax drawn from those values takes a contained share of what residents earn.