There are currently 4,012 real estate properties in Mora, MN, with a median automated valuation model (AVM) price of $247,510.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Mora, 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 Mora, MN, is $270,322.00, with the most expensive house in Mora, MN, topping out at $2,700,000.00 and the cheapest home in Mora, MN, clocking in at $21,354.00. In other words, there’s something for every potential homebuyer or savvy investor in Mora, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mora, MN, is on a rollercoaster ride. The average rent price in Mora, MN, is $1,440.00. Indeed, when looking to rent in Mora, MN, you can expect to pay as little as $650.00 or as much as $2,800.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Mora, 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.
Mora is located in Kanabec, Minnesota, with an estimated municipal population of 3,554 residents. All of the best foreclosed homes for sale in Mora are located in the following zip code areas on Foreclosure.com: 55051. The estimated population per square kilometer (.62 miles) in Mora is 265.
So, about how much do homes cost in Mora? The most recent median value of resident-owned homes in Mora is 137,421. An estimated 65.6 percent of households in Mora own their homes, with an average family size of 2.8. The median household income in Mora is 41,929, with17.5 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Mora, the median commute time of resident workers (in minutes) is 17.8. And last, but certainly not least, are you looking for homes to rent in Mora? If so, the average rent price paid by renters in Mora is 714, 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 Mora, 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 Mora is 41, split between 50 percent male versus 50 female. The percentage of residents who report being married in Mora is 43.3, with an average family size of 2.8.
The percentage of residents who report their race in Mora is as follows:
| White | 95.4% |
| Black / African American | 0% |
| Asian | 0% |
| American Indian / Alaskan Native | 0.4% |
| Native Hawaiian / Other Pacifc Islander | 0% |
| Multi-racial | 4.1% |
| Other | 0% |
Looking for family-friendly neighborhoods in and/or near Mora? Or maybe you are searching for 55+ active adult communities in and/or near Mora?
The percentage of residents who report their age in Mora is as follows:
| Under 10 | 12.6% |
| Aged 10-19 | 12.1% |
| 20s | 9.9% |
| 30s | 13.6% |
| 40s | 9.1% |
| 50s | 11.2% |
| 60s | 11.7% |
| 70s | 8.5% |
| 80+ | 11% |
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 Mora with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Mora.
How do you know that living in -- or moving to -- Mora is right where you need to be? Perhaps you grew up in Mora or already live nearby; therefore, the decision to buy a home in Mora is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Mora 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 Mora:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Mora.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Mora can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Mora, meanwhile, can field multiple offers from more qualified buyers.
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