There are currently 637 real estate properties in Fifty Lakes, MN, with a median automated valuation model (AVM) price of $428,577.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fifty Lakes, 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 Fifty Lakes, MN, is $498,652.00, with the most expensive house in Fifty Lakes, MN, topping out at $3,062,293.00 and the cheapest home in Fifty Lakes, MN, clocking in at $51,968.00. In other words, there’s something for every potential homebuyer or savvy investor in Fifty Lakes, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fifty Lakes, MN, is on a rollercoaster ride. The average rent price in Fifty Lakes, MN, is $1,547.00. Indeed, when looking to rent in Fifty Lakes, MN, you can expect to pay as little as $630.00 or as much as $2,540.00, with the average rent median estimated to be $1,540.00. The good news is that finding an affordable and desirable property to rent in Fifty Lakes, 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.
Fifty Lakes is located in Crow Wing, Minnesota, with an estimated municipal population of 404 residents. All of the best foreclosed homes for sale in Fifty Lakes are located in the following zip code areas on Foreclosure.com: 56448. The estimated population per square kilometer (.62 miles) in Fifty Lakes is 5.
So, about how much do homes cost in Fifty Lakes? The most recent median value of resident-owned homes in Fifty Lakes is 288,110. An estimated 94.3 percent of households in Fifty Lakes own their homes, with an average family size of 2.33. The median household income in Fifty Lakes is 48,125, with21.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fifty Lakes, the median commute time of resident workers (in minutes) is 21.2.
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 Fifty Lakes, 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 Fifty Lakes is 61, split between 57.4 percent male versus 42.6 female. The percentage of residents who report being married in Fifty Lakes is 62.4, with an average family size of 2.33.
The percentage of residents who report their race in Fifty Lakes is as follows:
| White | 98.5% |
| Black / African American | 0% |
| Asian | 0% |
| American Indian / Alaskan Native | 0% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.3% |
| Other | 1.2% |
Looking for family-friendly neighborhoods in and/or near Fifty Lakes? Or maybe you are searching for 55+ active adult communities in and/or near Fifty Lakes?
The percentage of residents who report their age in Fifty Lakes is as follows:
| Under 10 | 6.2% |
| Aged 10-19 | 6.7% |
| 20s | 5.3% |
| 30s | 4.4% |
| 40s | 6.7% |
| 50s | 15.6% |
| 60s | 32.6% |
| 70s | 18.5% |
| 80+ | 3.9% |
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 Fifty Lakes with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Fifty Lakes.
How do you know that living in -- or moving to -- Fifty Lakes is right where you need to be? Perhaps you grew up in Fifty Lakes or already live nearby; therefore, the decision to buy a home in Fifty Lakes is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Fifty Lakes 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 Fifty Lakes:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Fifty Lakes.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Fifty Lakes can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Fifty Lakes, meanwhile, can field multiple offers from more qualified buyers.
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