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Foreclosure Homes in Floodwood, MN

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Swan-lake-rd-Floodwood-MN-55736
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$132,261 EMV

Swan Lake Rd
Floodwood, MN 55736

Highway-73-Floodwood-MN-55736
Preforeclosure NEW

Highway 73
Floodwood, MN 55736

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Home Value Estimator For Floodwood, MN

There are currently 587 real estate properties in Floodwood, MN, with a median automated valuation model (AVM) price of $136,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Floodwood, 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 Floodwood, MN, is $146,417.00, with the most expensive house in Floodwood, MN, topping out at $575,000.00 and the cheapest home in Floodwood, MN, clocking in at $32,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Floodwood, MN!


Rent Prices In Floodwood, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Floodwood, MN, is on a rollercoaster ride. The average rent price in Floodwood, MN, is $1,034.00. Indeed, when looking to rent in Floodwood, MN, you can expect to pay as little as $480.00 or as much as $2,210.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in Floodwood, 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 Floodwood, MN

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


Top Reasons To Live In Floodwood, MN In 2021

Floodwood is located in St. Louis, Minnesota, with an estimated municipal population of 522 residents. All of the best foreclosed homes for sale in Floodwood are located in the following zip code areas on Foreclosure.com: 55736. The estimated population per square kilometer (.62 miles) in Floodwood is 132.


Cost Of Living In Floodwood, MN

So, about how much do homes cost in Floodwood? The most recent median value of resident-owned homes in Floodwood is 78,153. An estimated 69.7 percent of households in Floodwood own their homes, with an average family size of 2.82. The median household income in Floodwood is 33,424, with1.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Floodwood, the median commute time of resident workers (in minutes) is 26.3. And last, but certainly not least, are you looking for homes to rent in Floodwood? If so, the average rent price paid by renters in Floodwood is 468, according to recent statistics.


Diversity And Demographics In Floodwood, 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 Floodwood, 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 Floodwood is 45.3, split between 47.4 percent male versus 52.6 female. The percentage of residents who report being married in Floodwood is 36.5, with an average family size of 2.82.

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

White 98.2%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.3%
Other 0%

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

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

Under 10 11.6%
Aged 10-19 10.5%
20s 7.8%
30s 15.6%
40s 12.5%
50s 10.9%
60s 13%
70s 9.3%
80+ 8.9%

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


Pros And Cons Of Living In Floodwood, Minnesota

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

  • 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 Floodwood.


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

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Listing types in Floodwood, MN

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