There are currently 1,743 real estate properties in Backus, MN, with a median automated valuation model (AVM) price of $223,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Backus, 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 Backus, MN, is $250,523.00, with the most expensive house in Backus, MN, topping out at $784,600.00 and the cheapest home in Backus, MN, clocking in at $24,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Backus, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Backus, MN, is on a rollercoaster ride. The average rent price in Backus, MN, is $1,296.00. Indeed, when looking to rent in Backus, MN, you can expect to pay as little as $530.00 or as much as $2,580.00, with the average rent median estimated to be $1,270.00. The good news is that finding an affordable and desirable property to rent in Backus, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Backus, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Backus, MN and much more. Save thousands at closing with home foreclosure listings in Backus, MN — up to 75% off market value!
Backus is located in Cass, Minnesota, with an estimated municipal population of 252 residents. All of the best foreclosed homes for sale in Backus are located in the following zip code areas on Foreclosure.com: 56435. The estimated population per square kilometer (.62 miles) in Backus is 156.
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 Backus, 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 Backus is 30.5, split between 52.8 percent male versus 47.2 female. The percentage of residents who report being married in Backus is 47.6, with an average family size of 2.42.
The percentage of residents who report their race in Backus is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Backus? Or maybe you are searching for 55+ active adult communities in and/or near Backus?
The percentage of residents who report their age in Backus is as follows:
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 Backus with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Backus.
How do you know that living in -- or moving to -- Backus is right where you need to be? Perhaps you grew up in Backus or already live nearby; therefore, the decision to buy a home in Backus is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Backus 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 Backus:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Backus.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Backus can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Backus, meanwhile, can field multiple offers from more qualified buyers.