Foreclosure Homes in Grand Meadow, MN

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View this home at Elliot Dr Se Grand Meadow MN 55936
$242,136 EMV
Elliot Dr Se
Grand Meadow, MN 55936
EST. RENT: $1,600
AUCTION: 05-07-2024
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Grand Meadow, MN Foreclosures

How much do homes sell for in Grand Meadow, MN?
The average home price is currently $349,088.
In Grand Meadow, MN, how many homes are available?
There are currently 684 active home listings available in Grand Meadow.
What’s the average rental cost in Grand Meadow, MN?
The average rental price in Grand Meadow is $1,463.
What is the most expensive home in Grand Meadow, Minnesota?
The most expensive home sold in Grand Meadow had a price of $3,499,904.
What is currently the cheapest priced home in Grand Meadow, MN?
The cheapest home for sale in Grand Meadow is priced at $18,938.

Home Value Estimator For Grand Meadow, MN

There are currently 684 real estate properties in Grand Meadow, MN, with a median automated valuation model (AVM) price of $233,710.00. 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 Meadow, 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 Meadow, MN, is $349,088.00, with the most expensive house in Grand Meadow, MN, topping out at $3,499,904.00 and the cheapest home in Grand Meadow, MN, clocking in at $18,938.00. In other words, there’s something for every potential homebuyer or savvy investor in Grand Meadow, MN!

Rent Prices In Grand Meadow, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Grand Meadow, MN, is on a rollercoaster ride. The average rent price in Grand Meadow, MN, is $1,463.00. Indeed, when looking to rent in Grand Meadow, MN, you can expect to pay as little as $600.00 or as much as $2,960.00, with the average rent median estimated to be $1,410.00. The good news is that finding an affordable and desirable property to rent in Grand Meadow, 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 Grand Meadow, MN In 2024

Grand Meadow is located in Mower, Minnesota, with an estimated municipal population of 1,192 residents. All of the best foreclosed homes for sale in Grand Meadow are located in the following zip code areas on 55936. The estimated population per square kilometer (.62 miles) in Grand Meadow is 674.

Cost Of Living In Grand Meadow, MN

So, about how much do homes cost in Grand Meadow? The most recent median value of resident-owned homes in Grand Meadow is 111,902. An estimated 72.5 percent of households in Grand Meadow own their homes, with an average family size of 3.04. The median household income in Grand Meadow is 60,900, with20.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Grand Meadow, the median commute time of resident workers (in minutes) is 24.2. And last, but certainly not least, are you looking for homes to rent in Grand Meadow? If so, the average rent price paid by renters in Grand Meadow is 681, according to recent statistics.

Diversity And Demographics In Grand Meadow, 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 Grand Meadow, 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 Meadow is 36.5, split between 43.1 percent male versus 56.9 female. The percentage of residents who report being married in Grand Meadow is 46.4, with an average family size of 3.04.

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

White 96%
Black / African American 1.8%
Asian 0.4%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.9%
Other 0%

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

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

Under 10 18.9%
Aged 10-19 12.4%
20s 10.2%
30s 15.3%
40s 10.7%
50s 11.5%
60s 8%
70s 5.2%
80+ 7.7%

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

Pros And Cons Of Living In Grand Meadow, Minnesota

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

  • 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 Grand Meadow.

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

Grand Meadow, MN Foreclosures


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