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Foreclosure Homes in Lake Shore, MN

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Home Value Estimator For Lake Shore, MN

There are currently 544 real estate properties in Lake Shore, MN, with a median automated valuation model (AVM) price of $496,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake Shore, 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 Lake Shore, MN, is $569,350.00, with the most expensive house in Lake Shore, MN, topping out at $2,693,600.00 and the cheapest home in Lake Shore, MN, clocking in at $78,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Shore, MN!


Rent Prices In Lake Shore, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Shore, MN, is on a rollercoaster ride. The average rent price in Lake Shore, MN, is $1,749.00. Indeed, when looking to rent in Lake Shore, MN, you can expect to pay as little as $640.00 or as much as $2,780.00, with the average rent median estimated to be $1,650.00. The good news is that finding an affordable and desirable property to rent in Lake Shore, 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.


Foreclosure Homes in Lake Shore, 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 Shore, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Lake Shore, MN and much more. Save thousands at closing with home foreclosure listings in Lake Shore, MN — up to 75% off market value!


Top Reasons To Live In Lake Shore, MN In 2021

Lake Shore is located in Cass, Minnesota, with an estimated municipal population of 1,058 residents. All of the best foreclosed homes for sale in Lake Shore are located in the following zip code areas on Foreclosure.com: 56468. The estimated population per square kilometer (.62 miles) in Lake Shore is 32.


Cost Of Living In Lake Shore, MN

So, about how much do homes cost in Lake Shore? The most recent median value of resident-owned homes in Lake Shore is 390,555. An estimated 84.3 percent of households in Lake Shore own their homes, with an average family size of 2.47. The median household income in Lake Shore is 90,263, with39.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Lake Shore, the median commute time of resident workers (in minutes) is 27.8. And last, but certainly not least, are you looking for homes to rent in Lake Shore? If so, the average rent price paid by renters in Lake Shore is 780, according to recent statistics.


Diversity And Demographics In Lake Shore, 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 Shore, 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 Shore is 51.5, split between 50.5 percent male versus 49.5 female. The percentage of residents who report being married in Lake Shore is 66.7, with an average family size of 2.47.

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

White 97.8%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0.4%
Native Hawaiian / Other Pacifc Islander 0.2%
Multi-racial 1.6%
Other 0%

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

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

Under 10 11.5%
Aged 10-19 6.1%
20s 9.8%
30s 12.9%
40s 5.5%
50s 17.4%
60s 21.6%
70s 12.7%
80+ 2.5%

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


Pros And Cons Of Living In Lake Shore, Minnesota

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

  • 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 Shore.


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

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