Foreclosure Homes in Fergus Falls, MN

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$128,945 EMV

245th St
Fergus Falls, MN 56537

| 1,008 Sq. Ft.

$119,850 EMV

W Lincoln Ave
Fergus Falls, MN 56537

$125,120 EMV

W Lincoln Ave
Fergus Falls, MN 56537

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Foreclosure Homes in Fergus Falls, MN

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

Top Reasons To Live In Fergus Falls, MN In 2021

Fergus Falls is located in Otter Tail, Minnesota, with an estimated municipal population of 13,794 residents. All of the best foreclosed homes for sale in Fergus Falls are located in the following zip code areas on 56537 56538. The estimated population per square kilometer (.62 miles) in Fergus Falls is 368.

Cost Of Living In Fergus Falls, MN

So, about how much do homes cost in Fergus Falls? The most recent median value of resident-owned homes in Fergus Falls is 134,137. An estimated 60.6 percent of households in Fergus Falls own their homes, with an average family size of 2.79. The median household income in Fergus Falls is 43,528, with16.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fergus Falls, the median commute time of resident workers (in minutes) is 13. And last, but certainly not least, are you looking for homes to rent in Fergus Falls? If so, the average rent price paid by renters in Fergus Falls is 653, according to recent statistics.

Diversity And Demographics In Fergus Falls, 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 Fergus Falls, 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 Fergus Falls is 42.9, split between 46 percent male versus 54 female. The percentage of residents who report being married in Fergus Falls is 46.4, with an average family size of 2.79.

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

White 94.4%
Black / African American 2.5%
Asian 0.8%
American Indian / Alaskan Native 0.9%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.4%
Other 0%

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

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

Under 10 13.1%
Aged 10-19 10.4%
20s 12.9%
30s 10.5%
40s 9%
50s 11.9%
60s 14%
70s 8.5%
80+ 9.9%

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

Pros And Cons Of Living In Fergus Falls, Minnesota

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

  • 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 Fergus Falls.

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


Listing types in Fergus Falls, MN

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