There are currently 3,144 real estate properties in East Grand Forks, MN, with a median automated valuation model (AVM) price of $233,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in East Grand Forks, 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 East Grand Forks, MN, is $250,677.00, with the most expensive house in East Grand Forks, MN, topping out at $1,223,000.00 and the cheapest home in East Grand Forks, MN, clocking in at $57,800.00. In other words, there’s something for every potential homebuyer or savvy investor in East Grand Forks, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in East Grand Forks, MN, is on a rollercoaster ride. The average rent price in East Grand Forks, MN, is $1,430.00. Indeed, when looking to rent in East Grand Forks, MN, you can expect to pay as little as $660.00 or as much as $3,020.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in East Grand Forks, 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 East Grand Forks, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in East Grand Forks, MN and much more. Save thousands at closing with home foreclosure listings in East Grand Forks, MN — up to 75% off market value!
East Grand Forks is located in Polk, Minnesota, with an estimated municipal population of 8,535 residents. All of the best foreclosed homes for sale in East Grand Forks are located in the following zip code areas on Foreclosure.com: 56721. The estimated population per square kilometer (.62 miles) in East Grand Forks is 561.
So, about how much do homes cost in East Grand Forks? The most recent median value of resident-owned homes in East Grand Forks is 198,263. An estimated 65.9 percent of households in East Grand Forks own their homes, with an average family size of 3.26. The median household income in East Grand Forks is 60,091, with25.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in East Grand Forks, the median commute time of resident workers (in minutes) is 14.8. And last, but certainly not least, are you looking for homes to rent in East Grand Forks? If so, the average rent price paid by renters in East Grand Forks is 721, 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 East Grand Forks, 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 East Grand Forks is 34.5, split between 50.4 percent male versus 49.6 female. The percentage of residents who report being married in East Grand Forks is 49.2, with an average family size of 3.26.
The percentage of residents who report their race in East Grand Forks is as follows:
|Black / African American||4.5%|
|American Indian / Alaskan Native||2.8%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near East Grand Forks? Or maybe you are searching for 55+ active adult communities in and/or near East Grand Forks?
The percentage of residents who report their age in East Grand Forks 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 East Grand Forks with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in East Grand Forks.
How do you know that living in -- or moving to -- East Grand Forks is right where you need to be? Perhaps you grew up in East Grand Forks or already live nearby; therefore, the decision to buy a home in East Grand Forks is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to East Grand Forks 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 East Grand Forks:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like East Grand Forks.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in East Grand Forks can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in East Grand Forks, meanwhile, can field multiple offers from more qualified buyers.
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