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Foreclosures in Minnesota Lake, MN

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15 5th-ave-Minnesota-lake-MN-56068
Foreclosure
$110,000 List Price

5th Ave
Minnesota Lake, MN 56068

2 Bed | 2 Bath | 1,368 Sq. Ft.

Displaying 1 - 1 of 1
 

Home Value Estimator For Minnesota Lake, MN

There are currently 363 real estate properties in Minnesota Lake, MN, with a median automated valuation model (AVM) price of $133,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Minnesota Lake, 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 Minnesota Lake, MN, is $175,121.00, with the most expensive house in Minnesota Lake, MN, topping out at $1,191,800.00 and the cheapest home in Minnesota Lake, MN, clocking in at $38,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Minnesota Lake, MN!


Rent Prices In Minnesota Lake, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Minnesota Lake, MN, is on a rollercoaster ride. The average rent price in Minnesota Lake, MN, is $1,142.00. Indeed, when looking to rent in Minnesota Lake, MN, you can expect to pay as little as $570.00 or as much as $2,290.00, with the average rent median estimated to be $1,020.00. The good news is that finding an affordable and desirable property to rent in Minnesota Lake, 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 Minnesota Lake, MN

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


Top Reasons To Live In Minnesota Lake, MN In 2021

Minnesota Lake is located in Faribault, Minnesota, with an estimated municipal population of 644 residents. All of the best foreclosed homes for sale in Minnesota Lake are located in the following zip code areas on Foreclosure.com: 56068. The estimated population per square kilometer (.62 miles) in Minnesota Lake is 153.


Cost Of Living In Minnesota Lake, MN

So, about how much do homes cost in Minnesota Lake? The most recent median value of resident-owned homes in Minnesota Lake is 109,168. An estimated 80 percent of households in Minnesota Lake own their homes, with an average family size of 2.61. The median household income in Minnesota Lake is 56,875, with17.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Minnesota Lake, the median commute time of resident workers (in minutes) is 27.1. And last, but certainly not least, are you looking for homes to rent in Minnesota Lake? If so, the average rent price paid by renters in Minnesota Lake is 608, according to recent statistics.


Diversity And Demographics In Minnesota Lake, 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 Minnesota Lake, 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 Minnesota Lake is 45.3, split between 46.1 percent male versus 53.9 female. The percentage of residents who report being married in Minnesota Lake is 55.5, with an average family size of 2.61.

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

White 98.3%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.7%
Other 0%

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

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

Under 10 10.6%
Aged 10-19 14.2%
20s 7.6%
30s 10.1%
40s 12.9%
50s 20.7%
60s 14.9%
70s 5.3%
80+ 3.6%

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


Pros And Cons Of Living In Minnesota Lake, Minnesota

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

  • 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 Minnesota Lake.


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

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Listing types in Minnesota Lake, MN

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