There are currently 1,227 real estate properties in Blooming Prairie, MN, with a median automated valuation model (AVM) price of $228,038.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Blooming Prairie, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Blooming Prairie, MN, is $293,553.00, with the most expensive house in Blooming Prairie, MN, topping out at $3,224,568.00 and the cheapest home in Blooming Prairie, MN, clocking in at $16,001.00. In other words, there’s something for every potential homebuyer or savvy investor in Blooming Prairie, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Blooming Prairie, MN, is on a rollercoaster ride. The average rent price in Blooming Prairie, MN, is $1,409.00. Indeed, when looking to rent in Blooming Prairie, MN, you can expect to pay as little as $650.00 or as much as $3,420.00, with the average rent median estimated to be $1,390.00. The good news is that finding an affordable and desirable property to rent in Blooming Prairie, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Blooming Prairie is located in Steele, Minnesota, with an estimated municipal population of 1,936 residents. All of the best foreclosed homes for sale in Blooming Prairie are located in the following zip code areas on Foreclosure.com: 55917. The estimated population per square kilometer (.62 miles) in Blooming Prairie is 523.
So, about how much do homes cost in Blooming Prairie? The most recent median value of resident-owned homes in Blooming Prairie is 127,098. An estimated 81.8 percent of households in Blooming Prairie own their homes, with an average family size of 3.03. The median household income in Blooming Prairie is 55,357, with22.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Blooming Prairie, the median commute time of resident workers (in minutes) is 19.8. And last, but certainly not least, are you looking for homes to rent in Blooming Prairie? If so, the average rent price paid by renters in Blooming Prairie is 704, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Blooming Prairie, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Blooming Prairie is 36.4, split between 43.9 percent male versus 56.1 female. The percentage of residents who report being married in Blooming Prairie is 48.4, with an average family size of 3.03.
The percentage of residents who report their race in Blooming Prairie is as follows:
| White | 99.3% |
| Black / African American | 0.3% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.4% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Blooming Prairie? Or maybe you are searching for 55+ active adult communities in and/or near Blooming Prairie?
The percentage of residents who report their age in Blooming Prairie is as follows:
| Under 10 | 14.7% |
| Aged 10-19 | 13.9% |
| 20s | 10.5% |
| 30s | 14.5% |
| 40s | 8.5% |
| 50s | 9% |
| 60s | 10% |
| 70s | 8.6% |
| 80+ | 10.3% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Blooming Prairie with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Blooming Prairie.
How do you know that living in -- or moving to -- Blooming Prairie is right where you need to be? Perhaps you grew up in Blooming Prairie or already live nearby; therefore, the decision to buy a home in Blooming Prairie is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Blooming Prairie for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Blooming Prairie:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Blooming Prairie.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Blooming Prairie can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Blooming Prairie, meanwhile, can field multiple offers from more qualified buyers.
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