There are currently 11,493 real estate properties in Cottage Grove, MN, with a median automated valuation model (AVM) price of $326,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cottage Grove, 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 Cottage Grove, MN, is $350,851.00, with the most expensive house in Cottage Grove, MN, topping out at $3,500,000.00 and the cheapest home in Cottage Grove, MN, clocking in at $155,800.00. In other words, there’s something for every potential homebuyer or savvy investor in Cottage Grove, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cottage Grove, MN, is on a rollercoaster ride. The average rent price in Cottage Grove, MN, is $1,861.00. Indeed, when looking to rent in Cottage Grove, MN, you can expect to pay as little as $1,040.00 or as much as $5,100.00, with the average rent median estimated to be $1,780.00. The good news is that finding an affordable and desirable property to rent in Cottage Grove, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Cottage Grove, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Cottage Grove, MN and much more. Save thousands at closing with home foreclosure listings in Cottage Grove, MN — up to 75% off market value!
Cottage Grove is located in Washington, Minnesota, with an estimated municipal population of 37,604 residents. All of the best foreclosed homes for sale in Cottage Grove are located in the following zip code areas on Foreclosure.com: 55016 55033. The estimated population per square kilometer (.62 miles) in Cottage Grove is 431.
So, about how much do homes cost in Cottage Grove? The most recent median value of resident-owned homes in Cottage Grove is 250,322. An estimated 86.8 percent of households in Cottage Grove own their homes, with an average family size of 3.37. The median household income in Cottage Grove is 102,039, with51.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cottage Grove, the median commute time of resident workers (in minutes) is 25. And last, but certainly not least, are you looking for homes to rent in Cottage Grove? If so, the average rent price paid by renters in Cottage Grove is 1,342, 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 Cottage Grove, 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 Cottage Grove is 36.8, split between 50.7 percent male versus 49.3 female. The percentage of residents who report being married in Cottage Grove is 60.9, with an average family size of 3.37.
The percentage of residents who report their race in Cottage Grove is as follows:
|Black / African American||5%|
|American Indian / Alaskan Native||0.3%|
|Native Hawaiian / Other Pacifc Islander||0.2%|
Looking for family-friendly neighborhoods in and/or near Cottage Grove? Or maybe you are searching for 55+ active adult communities in and/or near Cottage Grove?
The percentage of residents who report their age in Cottage Grove is as follows:
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 Cottage Grove with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cottage Grove.
How do you know that living in -- or moving to -- Cottage Grove is right where you need to be? Perhaps you grew up in Cottage Grove or already live nearby; therefore, the decision to buy a home in Cottage Grove is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cottage Grove 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 Cottage Grove:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cottage Grove.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cottage Grove can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cottage Grove, meanwhile, can field multiple offers from more qualified buyers.
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