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Foreclosure Homes in Blue Earth, MN

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3 E-9th-st-Blue-earth-MN-56013
Foreclosure
$83,005 EMV

E 9th St
Blue Earth, MN 56013

5 Bed | 2 Bath | 1,684 Sq. Ft.

E-1st-st-Blue-earth-MN-56013
Bankruptcy
$134,687 EMV

E 1st St
Blue Earth, MN 56013

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Home Value Estimator For Blue Earth, MN

There are currently 1,532 real estate properties in Blue Earth, MN, with a median automated valuation model (AVM) price of $102,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Blue Earth, 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 Blue Earth, MN, is $138,055.00, with the most expensive house in Blue Earth, MN, topping out at $4,801,100.00 and the cheapest home in Blue Earth, MN, clocking in at $26,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Blue Earth, MN!


Rent Prices In Blue Earth, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Blue Earth, MN, is on a rollercoaster ride. The average rent price in Blue Earth, MN, is $972.00. Indeed, when looking to rent in Blue Earth, MN, you can expect to pay as little as $450.00 or as much as $2,180.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Blue Earth, 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.


Foreclosure Homes in Blue Earth, MN

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Blue Earth, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Blue Earth, MN and much more. Save thousands at closing with home foreclosure listings in Blue Earth, MN — up to 75% off market value!


Top Reasons To Live In Blue Earth, MN In 2021

Blue Earth is located in Faribault, Minnesota, with an estimated municipal population of 3,108 residents. All of the best foreclosed homes for sale in Blue Earth are located in the following zip code areas on Foreclosure.com: 56013. The estimated population per square kilometer (.62 miles) in Blue Earth is 378.


Cost Of Living In Blue Earth, MN

So, about how much do homes cost in Blue Earth? The most recent median value of resident-owned homes in Blue Earth is 82,181. An estimated 66.8 percent of households in Blue Earth own their homes, with an average family size of 2.62. The median household income in Blue Earth is 46,250, with11.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Blue Earth, the median commute time of resident workers (in minutes) is 11.2. And last, but certainly not least, are you looking for homes to rent in Blue Earth? If so, the average rent price paid by renters in Blue Earth is 562, according to recent statistics.


Diversity And Demographics In Blue Earth, Minnesota

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 Blue Earth, 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 Blue Earth is 51.3, split between 47.1 percent male versus 52.9 female. The percentage of residents who report being married in Blue Earth is 49.5, with an average family size of 2.62.

The percentage of residents who report their race in Blue Earth is as follows:

White 97.2%
Black / African American 0.7%
Asian 0.2%
American Indian / Alaskan Native 0.2%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.5%
Other 1.2%

Looking for family-friendly neighborhoods in and/or near Blue Earth? Or maybe you are searching for 55+ active adult communities in and/or near Blue Earth?

The percentage of residents who report their age in Blue Earth is as follows:

Under 10 8.3%
Aged 10-19 11.1%
20s 9.4%
30s 10.5%
40s 9.2%
50s 16.1%
60s 11%
70s 11.2%
80+ 13.1%

Best Schools In Blue Earth, Minnesota

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 Blue Earth with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Blue Earth.


Pros And Cons Of Living In Blue Earth, Minnesota

How do you know that living in -- or moving to -- Blue Earth is right where you need to be? Perhaps you grew up in Blue Earth or already live nearby; therefore, the decision to buy a home in Blue Earth is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Blue Earth 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 Blue Earth:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Blue Earth.


Reasons To Move To Blue Earth, Minnesota, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Blue Earth can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Blue Earth, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Blue Earth, MN

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