There are currently 53 real estate properties in Aldrich, MN, with a median automated valuation model (AVM) price of $127,881.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Aldrich, 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 Aldrich, MN, is $180,709.00, with the most expensive house in Aldrich, MN, topping out at $1,321,200.00 and the cheapest home in Aldrich, MN, clocking in at $16,952.00. In other words, there’s something for every potential homebuyer or savvy investor in Aldrich, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Aldrich, MN, is on a rollercoaster ride. The average rent price in Aldrich, MN, is $1,071.00. Indeed, when looking to rent in Aldrich, MN, you can expect to pay as little as $570.00 or as much as $1,880.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Aldrich, 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.
Aldrich is located in Wadena, Minnesota, with an estimated municipal population of 45 residents. All of the best foreclosed homes for sale in Aldrich are located in the following zip code areas on Foreclosure.com: 56434. The estimated population per square kilometer (.62 miles) in Aldrich is 35.
So, about how much do homes cost in Aldrich? The most recent median value of resident-owned homes in Aldrich is 142,500. An estimated 84.6 percent of households in Aldrich own their homes, with an average family size of 3.08. The median household income in Aldrich is 45,833, with7.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Aldrich, the median commute time of resident workers (in minutes) is 10.9.
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 Aldrich, 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 Aldrich is 47.3, split between 37.3 percent male versus 62.7 female. The percentage of residents who report being married in Aldrich is 60, with an average family size of 3.08.
The percentage of residents who report their race in Aldrich is as follows:
| White | 100% |
| Black / African American | 0% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Aldrich? Or maybe you are searching for 55+ active adult communities in and/or near Aldrich?
The percentage of residents who report their age in Aldrich is as follows:
| Under 10 | 0% |
| Aged 10-19 | 15.7% |
| 20s | 7.8% |
| 30s | 23.6% |
| 40s | 7.9% |
| 50s | 19.6% |
| 60s | 11.8% |
| 70s | 11.8% |
| 80+ | 2% |
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 Aldrich with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Aldrich.
How do you know that living in -- or moving to -- Aldrich is right where you need to be? Perhaps you grew up in Aldrich or already live nearby; therefore, the decision to buy a home in Aldrich is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Aldrich 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 Aldrich:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Aldrich.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Aldrich can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Aldrich, meanwhile, can field multiple offers from more qualified buyers.
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