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Foreclosures in Butterfield, MN

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1 Drake-ave-Butterfield-MN-56120
Foreclosure
$14,900 List Price

Drake Ave
Butterfield, MN 56120

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Home Value Estimator For Butterfield, MN

There are currently 118 real estate properties in Butterfield, MN, with a median automated valuation model (AVM) price of $122,800.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Butterfield, 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 Butterfield, MN, is $165,730.00, with the most expensive house in Butterfield, MN, topping out at $1,614,900.00 and the cheapest home in Butterfield, MN, clocking in at $28,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Butterfield, MN!


Rent Prices In Butterfield, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Butterfield, MN, is on a rollercoaster ride. The average rent price in Butterfield, MN, is $1,096.00. Indeed, when looking to rent in Butterfield, MN, you can expect to pay as little as $440.00 or as much as $2,340.00, with the average rent median estimated to be $1,010.00. The good news is that finding an affordable and desirable property to rent in Butterfield, 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 Butterfield, MN

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


Top Reasons To Live In Butterfield, MN In 2021

Butterfield is located in Watonwan, Minnesota, with an estimated municipal population of 589 residents. All of the best foreclosed homes for sale in Butterfield are located in the following zip code areas on Foreclosure.com: 56120. The estimated population per square kilometer (.62 miles) in Butterfield is 579.


Cost Of Living In Butterfield, MN

So, about how much do homes cost in Butterfield? The most recent median value of resident-owned homes in Butterfield is 54,737. An estimated 92 percent of households in Butterfield own their homes, with an average family size of 3.25. The median household income in Butterfield is 41,250, with15 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Butterfield, the median commute time of resident workers (in minutes) is 17.6. And last, but certainly not least, are you looking for homes to rent in Butterfield? If so, the average rent price paid by renters in Butterfield is 788, according to recent statistics.


Diversity And Demographics In Butterfield, 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 Butterfield, 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 Butterfield is 38.8, split between 46.9 percent male versus 53.1 female. The percentage of residents who report being married in Butterfield is 55.6, with an average family size of 3.25.

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

White 75%
Black / African American 0%
Asian 18.6%
American Indian / Alaskan Native 0.6%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.6%
Other 4.2%

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

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

Under 10 18%
Aged 10-19 9.8%
20s 15.8%
30s 7.6%
40s 7.4%
50s 13.4%
60s 13.2%
70s 10.6%
80+ 4.4%

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


Pros And Cons Of Living In Butterfield, Minnesota

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

  • 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 Butterfield.


Reasons To Move To Butterfield, 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 Butterfield can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Butterfield, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Butterfield, MN

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