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Condos Homes in Mahnomen, MN

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Top Reasons To Live In Mahnomen, MN In 2024

Mahnomen is located in Mahnomen, Minnesota, with an estimated municipal population of 1,231 residents. All of the best foreclosed homes for sale in Mahnomen are located in the following zip code areas on Foreclosure.com: 56557. The estimated population per square kilometer (.62 miles) in Mahnomen is 453.


Cost Of Living In Mahnomen, MN

So, about how much do homes cost in Mahnomen? The most recent median value of resident-owned homes in Mahnomen is 71,299. An estimated 53.9 percent of households in Mahnomen own their homes, with an average family size of 3.39. The median household income in Mahnomen is 38,021, with11.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mahnomen, the median commute time of resident workers (in minutes) is 11. And last, but certainly not least, are you looking for homes to rent in Mahnomen? If so, the average rent price paid by renters in Mahnomen is 657, according to recent statistics.


Diversity And Demographics In Mahnomen, 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 Mahnomen, 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 Mahnomen is 39.1, split between 49 percent male versus 51 female. The percentage of residents who report being married in Mahnomen is 34.6, with an average family size of 3.39.

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

White 43.4%
Black / African American 0%
Asian 0.5%
American Indian / Alaskan Native 45.6%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 10%
Other 0.5%

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

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

Under 10 16.7%
Aged 10-19 14%
20s 10.1%
30s 10%
40s 10.3%
50s 11.1%
60s 12%
70s 8%
80+ 7.6%

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


Pros And Cons Of Living In Mahnomen, Minnesota

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

  • 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 Mahnomen.


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

Mahnomen, MN Condos Foreclosures


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