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Bankruptcy Homes in Fosston, MN

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View this home at Foss Ave N Fosston MN 56542
Preforeclosure NEW
$129,239 EMV

3 Bed | 2 Bath | 1,819 Sq. Ft.

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Home Value Estimator For Fosston, MN

There are currently 1,092 real estate properties in Fosston, MN, with a median automated valuation model (AVM) price of $182,826.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Fosston, 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 Fosston, MN, is $224,806.00, with the most expensive house in Fosston, MN, topping out at $1,143,076.00 and the cheapest home in Fosston, MN, clocking in at $15,093.00. In other words, there’s something for every potential homebuyer or savvy investor in Fosston, MN!


Rent Prices In Fosston, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Fosston, MN, is on a rollercoaster ride. The average rent price in Fosston, MN, is $1,132.00. Indeed, when looking to rent in Fosston, MN, you can expect to pay as little as $420.00 or as much as $2,530.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Fosston, 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.


Top Reasons To Live In Fosston, MN In 2024

Fosston is located in Polk, Minnesota, with an estimated municipal population of 1,464 residents. All of the best foreclosed homes for sale in Fosston are located in the following zip code areas on Foreclosure.com: 56542. The estimated population per square kilometer (.62 miles) in Fosston is 276.


Cost Of Living In Fosston, MN

So, about how much do homes cost in Fosston? The most recent median value of resident-owned homes in Fosston is 108,654. An estimated 61.5 percent of households in Fosston own their homes, with an average family size of 3.07. The median household income in Fosston is 41,964, with12.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Fosston, the median commute time of resident workers (in minutes) is 19.4. And last, but certainly not least, are you looking for homes to rent in Fosston? If so, the average rent price paid by renters in Fosston is 791, according to recent statistics.


Diversity And Demographics In Fosston, 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 Fosston, 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 Fosston is 45, split between 50.1 percent male versus 49.9 female. The percentage of residents who report being married in Fosston is 43.3, with an average family size of 3.07.

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

White 91.4%
Black / African American 0.7%
Asian 0.6%
American Indian / Alaskan Native 1.4%
Native Hawaiian / Other Pacifc Islander 0.4%
Multi-racial 4.3%
Other 1.1%

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

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

Under 10 13.8%
Aged 10-19 8.4%
20s 10.9%
30s 10.2%
40s 13%
50s 10.9%
60s 10.1%
70s 11.4%
80+ 11.2%

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


Pros And Cons Of Living In Fosston, Minnesota

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

  • 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 Fosston.


Reasons To Move To Fosston, Minnesota, In 2024

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

Fosston, MN Bankruptcy Homes


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