Bankruptcy Homes in Minneapolis, KS

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3 View this home at Madison Ave Minneapolis KS 67467
$133,511 EMV

3 Bed | 1 Bath | 1,196 Sq. Ft.

13 View this home at Mulberry Rd Minneapolis KS 67467
$178,828 EMV

3 Bed | 1 Bath | 1,711 Sq. Ft.

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Home Value Estimator For Minneapolis, KS

There are currently 944 real estate properties in Minneapolis, KS, with a median automated valuation model (AVM) price of $125,763.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Minneapolis, KS, 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 Minneapolis, KS, is $143,981.00, with the most expensive house in Minneapolis, KS, topping out at $519,400.00 and the cheapest home in Minneapolis, KS, clocking in at $15,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Minneapolis, KS!

Rent Prices In Minneapolis, KS

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Minneapolis, KS, is on a rollercoaster ride. The average rent price in Minneapolis, KS, is $1,108.00. Indeed, when looking to rent in Minneapolis, KS, you can expect to pay as little as $550.00 or as much as $1,830.00, with the average rent median estimated to be $1,070.00. The good news is that finding an affordable and desirable property to rent in Minneapolis, KS -- 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.

Top Reasons To Live In Minneapolis, KS In 2024

Minneapolis is located in Ottawa, Kansas, with an estimated municipal population of 1,900 residents. All of the best foreclosed homes for sale in Minneapolis are located in the following zip code areas on 67467. The estimated population per square kilometer (.62 miles) in Minneapolis is 400.

Cost Of Living In Minneapolis, KS

So, about how much do homes cost in Minneapolis? The most recent median value of resident-owned homes in Minneapolis is 94,741. An estimated 69.7 percent of households in Minneapolis own their homes, with an average family size of 2.75. The median household income in Minneapolis is 50,286, with13.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Minneapolis, the median commute time of resident workers (in minutes) is 18.1. And last, but certainly not least, are you looking for homes to rent in Minneapolis? If so, the average rent price paid by renters in Minneapolis is 612, according to recent statistics.

Diversity And Demographics In Minneapolis, Kansas

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 Minneapolis, 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 Minneapolis is 47.8, split between 49.4 percent male versus 50.6 female. The percentage of residents who report being married in Minneapolis is 55.2, with an average family size of 2.75.

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

White 96.9%
Black / African American 0.9%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.1%
Other 0%

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

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

Under 10 12.3%
Aged 10-19 10.1%
20s 7.8%
30s 14.5%
40s 6%
50s 19.6%
60s 11.8%
70s 9.8%
80+ 8.2%

Best Schools In Minneapolis, Kansas

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

Pros And Cons Of Living In Minneapolis, Kansas

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

  • 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 Minneapolis.

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

Minneapolis, KS Bankruptcy Homes


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