ZIP Code 56045

In ZIP code 56045, near Albert Lea, homes carry a median value of $160,300, and the county-level effective property tax rate of 1.11% works out to roughly $1,779 a year in taxes on such a home. Households here earn a median of $71,250, while per-capita income is $33,196, so property taxes absorb a noticeable but not overwhelming share of earnings. The combined sales tax rate of 7.38% adds to everyday costs. Buyers weighing a move here will find home prices restrained compared with many markets, though the tax rate and local wages both shape what ownership actually costs.