There are currently 138 real estate properties in Chokio, MN, with a median automated valuation model (AVM) price of $210,763.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Chokio, 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 Chokio, MN, is $320,238.00, with the most expensive house in Chokio, MN, topping out at $2,435,215.00 and the cheapest home in Chokio, MN, clocking in at $16,095.00. In other words, there’s something for every potential homebuyer or savvy investor in Chokio, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Chokio, MN, is on a rollercoaster ride. The average rent price in Chokio, MN, is $1,097.00. Indeed, when looking to rent in Chokio, MN, you can expect to pay as little as $760.00 or as much as $2,060.00, with the average rent median estimated to be $1,020.00. The good news is that finding an affordable and desirable property to rent in Chokio, 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.
Chokio is located in Stevens, Minnesota, with an estimated municipal population of 386 residents. All of the best foreclosed homes for sale in Chokio are located in the following zip code areas on Foreclosure.com: 56221. The estimated population per square kilometer (.62 miles) in Chokio is 344.
So, about how much do homes cost in Chokio? The most recent median value of resident-owned homes in Chokio is 75,664. An estimated 75.9 percent of households in Chokio own their homes, with an average family size of 2.75. The median household income in Chokio is 50,313, with20.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Chokio, the median commute time of resident workers (in minutes) is 13.5. And last, but certainly not least, are you looking for homes to rent in Chokio? If so, the average rent price paid by renters in Chokio is 425, according to recent statistics.
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 Chokio, 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 Chokio is 47.6, split between 50.9 percent male versus 49.1 female. The percentage of residents who report being married in Chokio is 65.2, with an average family size of 2.75.
The percentage of residents who report their race in Chokio is as follows:
White | 96% |
Black / African American | 0% |
Asian | 4% |
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 Chokio? Or maybe you are searching for 55+ active adult communities in and/or near Chokio?
The percentage of residents who report their age in Chokio is as follows:
Under 10 | 10% |
Aged 10-19 | 12.1% |
20s | 12.6% |
30s | 10.9% |
40s | 6.4% |
50s | 11.1% |
60s | 18.5% |
70s | 7.8% |
80+ | 10.6% |
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 Chokio with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Chokio.
How do you know that living in -- or moving to -- Chokio is right where you need to be? Perhaps you grew up in Chokio or already live nearby; therefore, the decision to buy a home in Chokio is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Chokio 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 Chokio:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Chokio.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Chokio can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Chokio, meanwhile, can field multiple offers from more qualified buyers.
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