Preforeclosure Homes in Eveleth, MN

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5 View this home at 2nd St W Eveleth MN 55734
$110,774 EMV

3 Bed | 1 Bath

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Home Value Estimator For Eveleth, MN

There are currently 2,848 real estate properties in Eveleth, MN, with a median automated valuation model (AVM) price of $163,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Eveleth, 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 Eveleth, MN, is $212,707.00, with the most expensive house in Eveleth, MN, topping out at $1,635,000.00 and the cheapest home in Eveleth, MN, clocking in at $19,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Eveleth, MN!

Rent Prices In Eveleth, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Eveleth, MN, is on a rollercoaster ride. The average rent price in Eveleth, MN, is $1,155.00. Indeed, when looking to rent in Eveleth, MN, you can expect to pay as little as $480.00 or as much as $2,220.00, with the average rent median estimated to be $1,070.00. The good news is that finding an affordable and desirable property to rent in Eveleth, 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 Eveleth, MN

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

Top Reasons To Live In Eveleth, MN In 2023

Eveleth is located in St. Louis, Minnesota, with an estimated municipal population of 3,569 residents. All of the best foreclosed homes for sale in Eveleth are located in the following zip code areas on 55734. The estimated population per square kilometer (.62 miles) in Eveleth is 218.

Cost Of Living In Eveleth, MN

So, about how much do homes cost in Eveleth? The most recent median value of resident-owned homes in Eveleth is 78,450. An estimated 58.2 percent of households in Eveleth own their homes, with an average family size of 2.8. The median household income in Eveleth is 46,719, with11 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Eveleth, the median commute time of resident workers (in minutes) is 16. And last, but certainly not least, are you looking for homes to rent in Eveleth? If so, the average rent price paid by renters in Eveleth is 620, according to recent statistics.

Diversity And Demographics In Eveleth, 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 Eveleth, 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 Eveleth is 36.2, split between 52.3 percent male versus 47.7 female. The percentage of residents who report being married in Eveleth is 33, with an average family size of 2.8.

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

White 97.9%
Black / African American 0.1%
Asian 0%
American Indian / Alaskan Native 0.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.2%
Other 0%

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

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

Under 10 9.7%
Aged 10-19 12.2%
20s 23.3%
30s 8.2%
40s 13.1%
50s 10%
60s 12.6%
70s 6%
80+ 4.9%

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

Pros And Cons Of Living In Eveleth, Minnesota

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

  • 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 Eveleth.

Reasons To Move To Eveleth, Minnesota, In 2023

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

Eveleth, MN Preforeclosure Homes


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