How much do homeowners pay a month in Albion Township, MN?

Homeowners with a mortgage in Albion Township, MN pay a median of $2,254 (±$187) a month in selected owner costs (2020–2024 American Community Survey).

Owners without a mortgage pay $666 (±$65).

62.1% of owned homes carry a mortgage.

In Albion Township, the median monthly cost with a mortgage went from $1,837 in 2015–2019 to $2,254 in 2020–2024 (+22.7%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on .

With a mortgage
$2,254 (±$187)
Without a mortgage
$666 (±$65)
Owned with a mortgage
62.1%

Monthly owner costs in Albion Township

Median selected monthly owner costs, estimate (90% margin of error)
Albion TownshipWright CountyMinnesotaUnited States
With a mortgage$2,254 (±$187)$2,098 (±$39)$1,947 (±$7)$1,963
Without a mortgage$666 (±$65)$706 (±$23)$698 (±$3)$638
Owned homes with a mortgage62.1% (±9.1 points)71.1% (±1.4 points)64.0% (±0.2 points)60.6%
Median real estate taxes (a year)$2,908 (±$301)$3,523 (±$67)$3,357 (±$10)$3,119

Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.

In Albion Township, the median cost with a mortgage is not measurably different from Wright County ($2,098).

It is also higher than in Minnesota ($1,947).

It is higher than the national figure ($1,963).

In Wright County, Albion Township ranks 9 of 34 places with a published estimate, from highest to lowest median monthly cost with a mortgage.

Statewide, it ranks 245 of 2,496.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How owner costs in Albion Township have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Median owner cost with a mortgage$1,837 (±$90)$2,254 (±$187)+22.7%No measurable change after inflation
Median real estate taxes$2,572 (±$152)$2,908 (±$301)+13.1%No measurable change after inflation
Median home value$316,500 (±$26,152)$378,300 (±$45,833)+19.5%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median monthly cost with a mortgage in places near Albion Township

Nearest places with a published estimate, compared with Albion Township
PlaceDistanceMedian monthly cost with a mortgageCompared with this place
Albion Township—$2,254 (±$187)—
Maple Lake4.3 mi$1,726 (±$121)Lower
Annandale5.0 mi$1,652 (±$349)Lower
Middleville Township5.4 mi$2,056 (±$254)Not measurably different
French Lake Township5.8 mi$1,866 (±$153)Lower
Chatham Township6.2 mi$2,490 (±$249)Not measurably different
Corinna Township6.3 mi$2,248 (±$199)Not measurably different
Maple Lake Township6.6 mi$2,366 (±$159)Not measurably different
Cokato Township8.0 mi$1,813 (±$176)Lower

Nearby places with a measurably lower figure: Maple Lake, MN ($1,726), Annandale, MN ($1,652), French Lake Township, MN ($1,866).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median monthly cost with a mortgage across Wright County, place by place

RankPlaceMedian monthly cost with a mortgage
3Hanover$2,454 (±$130)
4Stockholm Township$2,380 (±$204)
5Woodland Township$2,379 (±$166)
6Maple Lake Township$2,366 (±$159)
7Marysville Township$2,335 (±$187)
8Otsego$2,287 (±$107)
9Albion Township$2,254 (±$187)
10Corinna Township$2,248 (±$199)
11St. Michael$2,233 (±$146)
12Rockford Township$2,216 (±$322)
13Delano$2,197 (±$117)
14Silver Creek Township (Wright County)$2,176 (±$230)
15Monticello Township$2,131 (±$195)

Showing 13 of 34 places in Wright County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Albion Township

What is the average mortgage payment in Albion Township?

The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Albion Township, MN is $2,254 (±$187) a month, including taxes, insurance and utilities.

How much does it cost to own a paid-off home in Albion Township?

Owners without a mortgage in Albion Township pay a median of $666 (±$65) a month in taxes, insurance, utilities and fees.

Has the cost of owning a home in Albion Township gone up?

In Albion Township, the median monthly cost with a mortgage went from $1,837 in 2015–2019 to $2,254 in 2020–2024 (+22.7%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Albion township, Wright County, Minnesota (county subdivision:00766, in state:27 county:171).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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