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Foreclosure Homes in Buffalo Lake, MN

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E-park-ave-Buffalo-lake-MN-55314
Bankruptcy
$95,379 EMV
22 W-borden-ave-Buffalo-lake-MN-55314
Fixer Upper
$74,900 List Price

3 Bed | 1 Bath

Displaying 1 - 2 of 2
 

Home Value Estimator For Buffalo Lake, MN

There are currently 247 real estate properties in Buffalo Lake, MN, with a median automated valuation model (AVM) price of $142,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Buffalo Lake, 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 Buffalo Lake, MN, is $163,611.00, with the most expensive house in Buffalo Lake, MN, topping out at $548,100.00 and the cheapest home in Buffalo Lake, MN, clocking in at $54,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Buffalo Lake, MN!


Rent Prices In Buffalo Lake, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Buffalo Lake, MN, is on a rollercoaster ride. The average rent price in Buffalo Lake, MN, is $1,109.00. Indeed, when looking to rent in Buffalo Lake, MN, you can expect to pay as little as $640.00 or as much as $2,000.00, with the average rent median estimated to be $1,040.00. The good news is that finding an affordable and desirable property to rent in Buffalo Lake, 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 Buffalo Lake, MN

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


Top Reasons To Live In Buffalo Lake, MN In 2022

Buffalo Lake is located in Renville, Minnesota, with an estimated municipal population of 686 residents. All of the best foreclosed homes for sale in Buffalo Lake are located in the following zip code areas on Foreclosure.com: 55314. The estimated population per square kilometer (.62 miles) in Buffalo Lake is 377.


Cost Of Living In Buffalo Lake, MN

So, about how much do homes cost in Buffalo Lake? The most recent median value of resident-owned homes in Buffalo Lake is 89,749. An estimated 68 percent of households in Buffalo Lake own their homes, with an average family size of 2.67. The median household income in Buffalo Lake is 42,574, with13.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Buffalo Lake, the median commute time of resident workers (in minutes) is 21. And last, but certainly not least, are you looking for homes to rent in Buffalo Lake? If so, the average rent price paid by renters in Buffalo Lake is 539, according to recent statistics.


Diversity And Demographics In Buffalo Lake, 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 Buffalo 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 Buffalo Lake is 50.7, split between 41.4 percent male versus 58.6 female. The percentage of residents who report being married in Buffalo Lake is 39.8, with an average family size of 2.67.

The percentage of residents who report their race in Buffalo Lake is as follows:

White 84.7%
Black / African American 1.9%
Asian 0%
American Indian / Alaskan Native 3.9%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.4%
Other 8.1%

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

The percentage of residents who report their age in Buffalo Lake is as follows:

Under 10 10%
Aged 10-19 11.6%
20s 7.4%
30s 8.2%
40s 10.8%
50s 16.6%
60s 11.9%
70s 8%
80+ 15.5%

Best Schools In Buffalo Lake, 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 Buffalo Lake with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Buffalo Lake.


Pros And Cons Of Living In Buffalo Lake, Minnesota

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

  • 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 Buffalo Lake.


Reasons To Move To Buffalo Lake, Minnesota, In 2022

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

Buffalo Lake, MN Foreclosures


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