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Foreclosure Homes in Nerstrand, MN

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View this home at 2nd St N Nerstrand MN 55053
Bankruptcy
$193,328 EMV

2 Bed | 1 Bath | 936 Sq. Ft.

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Nerstrand, MN Foreclosures

How much do homes sell for in Nerstrand, MN?
The average home price is currently $470,206.
In Nerstrand, MN, how many homes are available?
There are currently 354 active home listings available in Nerstrand.
What’s the average rental cost in Nerstrand, MN?
The average rental price in Nerstrand is $1,790.
What is the most expensive home in Nerstrand, Minnesota?
The most expensive home sold in Nerstrand had a price of $2,319,378.
What is currently the cheapest priced home in Nerstrand, MN?
The cheapest home for sale in Nerstrand is priced at $23,593.

Home Value Estimator For Nerstrand, MN

There are currently 354 real estate properties in Nerstrand, MN, with a median automated valuation model (AVM) price of $370,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Nerstrand, 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 Nerstrand, MN, is $470,206.00, with the most expensive house in Nerstrand, MN, topping out at $2,319,378.00 and the cheapest home in Nerstrand, MN, clocking in at $23,593.00. In other words, there’s something for every potential homebuyer or savvy investor in Nerstrand, MN!


Rent Prices In Nerstrand, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Nerstrand, MN, is on a rollercoaster ride. The average rent price in Nerstrand, MN, is $1,790.00. Indeed, when looking to rent in Nerstrand, MN, you can expect to pay as little as $910.00 or as much as $3,900.00, with the average rent median estimated to be $1,700.00. The good news is that finding an affordable and desirable property to rent in Nerstrand, 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.


Top Reasons To Live In Nerstrand, MN In 2024

Nerstrand is located in Rice, Minnesota, with an estimated municipal population of 294 residents. All of the best foreclosed homes for sale in Nerstrand are located in the following zip code areas on Foreclosure.com: 55053. The estimated population per square kilometer (.62 miles) in Nerstrand is 80.


Cost Of Living In Nerstrand, MN

So, about how much do homes cost in Nerstrand? The most recent median value of resident-owned homes in Nerstrand is 161,022. An estimated 99.2 percent of households in Nerstrand own their homes, with an average family size of 2.93. The median household income in Nerstrand is 71,250, with31.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Nerstrand, the median commute time of resident workers (in minutes) is 24.


Diversity And Demographics In Nerstrand, 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 Nerstrand, 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 Nerstrand is 35.3, split between 47.7 percent male versus 52.3 female. The percentage of residents who report being married in Nerstrand is 72.6, with an average family size of 2.93.

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

White 99.4%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.6%
Other 0%

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

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

Under 10 18.9%
Aged 10-19 10.1%
20s 8.6%
30s 18.2%
40s 18%
50s 10.9%
60s 4.2%
70s 8.8%
80+ 2.4%

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


Pros And Cons Of Living In Nerstrand, Minnesota

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

  • 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 Nerstrand.


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

Nerstrand, MN Foreclosures


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