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Foreclosures in Milan, MN

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N-5th-st-Montevideo-MN-56265
Foreclosure
$61,200 EMV

N 5th St
Montevideo, MN 56265

2 Bed | 1 Bath | 1,000 Sq. Ft.

N-17th-st-Montevideo-MN-56265
Bankruptcy
$88,315 EMV

N 17th St
Montevideo, MN 56265

1 Dewey-avenue-Maynard-MN-56260
Foreclosure
$34,900 List Price

Dewey Avenue
Maynard, MN 56260

4 Bed | 1 Bath

1 Dewey-avenue-Maynard-MN-56260
Foreclosure
$34,900 List Price

Dewey Avenue
Maynard, MN 56260

4 Bed | 1 Bath

1 S-8th-st-Montevideo-MN-56265
Fixer Upper
$24,900 List Price

S 8th St
Montevideo, MN 56265

2 Bed | 1 Bath

Displaying 1 - 5 of 5
 

Foreclosure Homes in Milan, MN

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


Top Reasons To Live In Milan, MN In 2021

Milan is located in Chippewa, Minnesota, with an estimated municipal population of 354 residents. All of the best foreclosed homes for sale in Milan are located in the following zip code areas on Foreclosure.com: 56262. The estimated population per square kilometer (.62 miles) in Milan is 192.


Cost Of Living In Milan, MN

So, about how much do homes cost in Milan? The most recent median value of resident-owned homes in Milan is 49,508. An estimated 69 percent of households in Milan own their homes, with an average family size of 3.22. The median household income in Milan is 38,333, with15.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Milan, the median commute time of resident workers (in minutes) is 25.5. And last, but certainly not least, are you looking for homes to rent in Milan? If so, the average rent price paid by renters in Milan is 519, according to recent statistics.


Diversity And Demographics In Milan, 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 Milan, 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 Milan is 32.5, split between 52.3 percent male versus 47.7 female. The percentage of residents who report being married in Milan is 43.3, with an average family size of 3.22.

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

White 48.4%
Black / African American 0%
Asian 0.3%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 44.5%
Multi-racial 0%
Other 6.8%

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

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

Under 10 13.9%
Aged 10-19 9.8%
20s 20.8%
30s 10.7%
40s 3.2%
50s 16.2%
60s 16.2%
70s 2.2%
80+ 6.8%

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


Pros And Cons Of Living In Milan, Minnesota

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

  • 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 Milan.


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

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