There are currently 2,876 real estate properties in Grand Marais, MN, with a median automated valuation model (AVM) price of $373,968.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Grand Marais, 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 Grand Marais, MN, is $426,062.00, with the most expensive house in Grand Marais, MN, topping out at $3,434,900.00 and the cheapest home in Grand Marais, MN, clocking in at $14,776.00. In other words, there’s something for every potential homebuyer or savvy investor in Grand Marais, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Grand Marais, MN, is on a rollercoaster ride. The average rent price in Grand Marais, MN, is $1,526.00. Indeed, when looking to rent in Grand Marais, MN, you can expect to pay as little as $580.00 or as much as $2,740.00, with the average rent median estimated to be $1,560.00. The good news is that finding an affordable and desirable property to rent in Grand Marais, 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.
Grand Marais is located in Cook, Minnesota, with an estimated municipal population of 1,357 residents. All of the best foreclosed homes for sale in Grand Marais are located in the following zip code areas on Foreclosure.com: 55604. The estimated population per square kilometer (.62 miles) in Grand Marais is 180.
So, about how much do homes cost in Grand Marais? The most recent median value of resident-owned homes in Grand Marais is 195,292. An estimated 53.1 percent of households in Grand Marais own their homes, with an average family size of 2.56. The median household income in Grand Marais is 45,298, with9.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Grand Marais, the median commute time of resident workers (in minutes) is 12.1. And last, but certainly not least, are you looking for homes to rent in Grand Marais? If so, the average rent price paid by renters in Grand Marais is 702, according to recent statistics.
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 Grand Marais, 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 Grand Marais is 45.1, split between 51.8 percent male versus 48.2 female. The percentage of residents who report being married in Grand Marais is 50.1, with an average family size of 2.56.
The percentage of residents who report their race in Grand Marais is as follows:
| White | 93% |
| Black / African American | 0.1% |
| Asian | 0% |
| American Indian / Alaskan Native | 2.9% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 0.9% |
| Other | 3.1% |
Looking for family-friendly neighborhoods in and/or near Grand Marais? Or maybe you are searching for 55+ active adult communities in and/or near Grand Marais?
The percentage of residents who report their age in Grand Marais is as follows:
| Under 10 | 10% |
| Aged 10-19 | 7.6% |
| 20s | 16.6% |
| 30s | 12% |
| 40s | 9.2% |
| 50s | 13.4% |
| 60s | 13% |
| 70s | 10.8% |
| 80+ | 7.5% |
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 Grand Marais with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Grand Marais.
How do you know that living in -- or moving to -- Grand Marais is right where you need to be? Perhaps you grew up in Grand Marais or already live nearby; therefore, the decision to buy a home in Grand Marais is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Grand Marais 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 Grand Marais:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Grand Marais.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Grand Marais can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Grand Marais, meanwhile, can field multiple offers from more qualified buyers.
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