There are currently 154 real estate properties in Medina, MN, with a median automated valuation model (AVM) price of $785,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Medina, 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 Medina, MN, is $873,819.00, with the most expensive house in Medina, MN, topping out at $6,164,200.00 and the cheapest home in Medina, MN, clocking in at $232,100.00. In other words, there’s something for every potential homebuyer or savvy investor in Medina, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Medina, MN, is on a rollercoaster ride. The average rent price in Medina, MN, is $2,831.00. Indeed, when looking to rent in Medina, MN, you can expect to pay as little as $1,490.00 or as much as $5,780.00, with the average rent median estimated to be $2,870.00. The good news is that finding an affordable and desirable property to rent in Medina, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Medina, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Medina, MN and much more. Save thousands at closing with home foreclosure listings in Medina, MN — up to 75% off market value!
Medina is located in Hennepin, Minnesota, with an estimated municipal population of 6,712 residents. All of the best foreclosed homes for sale in Medina are located in the following zip code areas on Foreclosure.com: 55340 55356 55359. The estimated population per square kilometer (.62 miles) in Medina is 101.
So, about how much do homes cost in Medina? The most recent median value of resident-owned homes in Medina is 611,550. An estimated 95 percent of households in Medina own their homes, with an average family size of 3.19. The median household income in Medina is 148,110, with64 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Medina, the median commute time of resident workers (in minutes) is 27.3. And last, but certainly not least, are you looking for homes to rent in Medina? If so, the average rent price paid by renters in Medina is 1,338, according to recent statistics.
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 Medina, 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 Medina is 40.5, split between 49.8 percent male versus 50.2 female. The percentage of residents who report being married in Medina is 73.8, with an average family size of 3.19.
The percentage of residents who report their race in Medina is as follows:
|Black / African American||1.1%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Medina? Or maybe you are searching for 55+ active adult communities in and/or near Medina?
The percentage of residents who report their age in Medina is as follows:
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 Medina with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Medina.
How do you know that living in -- or moving to -- Medina is right where you need to be? Perhaps you grew up in Medina or already live nearby; therefore, the decision to buy a home in Medina is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Medina 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 Medina:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Medina.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Medina can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Medina, meanwhile, can field multiple offers from more qualified buyers.
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