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Short Sale Listings in Lake Benton, MN

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Foreclosure Homes in Lake Benton, MN

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


Top Reasons To Live In Lake Benton, MN In 2021

Lake Benton is located in Lincoln, Minnesota, with an estimated municipal population of 635 residents. All of the best foreclosed homes for sale in Lake Benton are located in the following zip code areas on Foreclosure.com: 56149. The estimated population per square kilometer (.62 miles) in Lake Benton is 62.


Cost Of Living In Lake Benton, MN

So, about how much do homes cost in Lake Benton? The most recent median value of resident-owned homes in Lake Benton is 91,678. An estimated 73 percent of households in Lake Benton own their homes, with an average family size of 2.96. The median household income in Lake Benton is 41,250, with11.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lake Benton, the median commute time of resident workers (in minutes) is 22.5. And last, but certainly not least, are you looking for homes to rent in Lake Benton? If so, the average rent price paid by renters in Lake Benton is 475, according to recent statistics.


Diversity And Demographics In Lake Benton, 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 Lake Benton, 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 Lake Benton is 45.9, split between 47.5 percent male versus 52.5 female. The percentage of residents who report being married in Lake Benton is 51.8, with an average family size of 2.96.

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

White 98.4%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.6%
Other 0%

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

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

Under 10 12%
Aged 10-19 12.1%
20s 10.7%
30s 11%
40s 8%
50s 13.7%
60s 13.6%
70s 11.8%
80+ 6.7%

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


Pros And Cons Of Living In Lake Benton, Minnesota

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

  • 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 Lake Benton.


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

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