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Foreclosures in Granite Falls, MN

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5 9th-ave-Granite-falls-MN-56241
Foreclosure
$213,755 EMV

9th Ave
Granite Falls, MN 56241

3 Bed | 2 Bath | 2,993 Sq. Ft.

5 E-skyline-dr-Granite-falls-MN-56241
Preforeclosure
$208,505 EMV

E Skyline Dr
Granite Falls, MN 56241

5 Bed | 4 Bath | 1,804 Sq. Ft.

12 Prentice-st-Granite-falls-MN-56241
Rent to Own
$52,000 List Price

Prentice St
Granite Falls, MN 56241

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Foreclosure Homes in Granite Falls, MN

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


Top Reasons To Live In Granite Falls, MN In 2021

Granite Falls is located in Yellow Medicine, Minnesota, with an estimated municipal population of 2,698 residents. All of the best foreclosed homes for sale in Granite Falls are located in the following zip code areas on Foreclosure.com: 56241. The estimated population per square kilometer (.62 miles) in Granite Falls is 294.


Cost Of Living In Granite Falls, MN

So, about how much do homes cost in Granite Falls? The most recent median value of resident-owned homes in Granite Falls is 128,129. An estimated 64.3 percent of households in Granite Falls own their homes, with an average family size of 2.69. The median household income in Granite Falls is 58,690, with20.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Granite Falls, the median commute time of resident workers (in minutes) is 13.5. And last, but certainly not least, are you looking for homes to rent in Granite Falls? If so, the average rent price paid by renters in Granite Falls is 583, according to recent statistics.


Diversity And Demographics In Granite Falls, 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 Granite Falls, 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 Granite Falls is 42.6, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in Granite Falls is 51.8, with an average family size of 2.69.

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

White 90%
Black / African American 1.1%
Asian 0%
American Indian / Alaskan Native 6.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.1%
Other 0.1%

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

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

Under 10 13%
Aged 10-19 7.6%
20s 12.8%
30s 11.8%
40s 10.9%
50s 12.8%
60s 15.9%
70s 9.3%
80+ 5.8%

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


Pros And Cons Of Living In Granite Falls, Minnesota

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

  • 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 Granite Falls.


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

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