Preforeclosure Homes in Fergus Falls, MN

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View this home at W Junius Ave Fergus Falls MN 56537
View this home at N Lake St Fergus Falls MN 56537
$151,568 EMV

| 780 Sq. Ft.

View this home at Western Ave Fergus Falls MN 56537
View this home at Deerfield Dr Fergus Falls MN 56537
$190,511 EMV
4 View this home at 220th Ave Fergus Falls MN 56537
$378,978 EMV

| 1,288 Sq. Ft.

Displaying 1 - 5 of 5

Home Value Estimator For Fergus Falls, MN

There are currently 6,697 real estate properties in Fergus Falls, MN, with a median automated valuation model (AVM) price of $238,600.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fergus Falls, 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 Fergus Falls, MN, is $290,971.00, with the most expensive house in Fergus Falls, MN, topping out at $6,366,800.00 and the cheapest home in Fergus Falls, MN, clocking in at $17,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Fergus Falls, MN!

Rent Prices In Fergus Falls, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fergus Falls, MN, is on a rollercoaster ride. The average rent price in Fergus Falls, MN, is $1,390.00. Indeed, when looking to rent in Fergus Falls, MN, you can expect to pay as little as $570.00 or as much as $2,300.00, with the average rent median estimated to be $1,350.00. The good news is that finding an affordable and desirable property to rent in Fergus Falls, 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 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 2023

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 2023

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.

Fergus Falls, MN Preforeclosure Homes


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