Bingham Lake is located in Cottonwood, Minnesota, with an estimated municipal population of 124 residents. All of the best foreclosed homes for sale in Bingham Lake are located in the following zip code areas on Foreclosure.com: 56118. The estimated population per square kilometer (.62 miles) in Bingham Lake is 63.
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 Bingham Lake, 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 Bingham Lake is 26.1, split between 41.5 percent male versus 58.5 female. The percentage of residents who report being married in Bingham Lake is 70.2, with an average family size of 2.73.
The percentage of residents who report their race in Bingham Lake is as follows:
| White | 79.5% |
| Black / African American | 17% |
| Asian | 3.5% |
| 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 Bingham Lake? Or maybe you are searching for 55+ active adult communities in and/or near Bingham Lake?
The percentage of residents who report their age in Bingham Lake is as follows:
| Under 10 | 18.2% |
| Aged 10-19 | 14.1% |
| 20s | 21% |
| 30s | 8.1% |
| 40s | 10.5% |
| 50s | 14.6% |
| 60s | 7% |
| 70s | 4.1% |
| 80+ | 2.4% |
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 Bingham Lake with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Bingham Lake.
How do you know that living in -- or moving to -- Bingham Lake is right where you need to be? Perhaps you grew up in Bingham Lake or already live nearby; therefore, the decision to buy a home in Bingham Lake is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Bingham Lake 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 Bingham Lake:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Bingham Lake.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Bingham Lake can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Bingham Lake, meanwhile, can field multiple offers from more qualified buyers.
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