Preforeclosure Homes in New Prague, MN

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View this home at 1st Ave Ne New Prague MN 56071
$247,680 EMV
1st Ave Ne
New Prague, MN 56071
2 |
EST. RENT: $1,460
AUCTION: 05-09-2024
2 |
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Home Value Estimator For New Prague, MN

There are currently 4,810 real estate properties in New Prague, MN, with a median automated valuation model (AVM) price of $407,978.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in New Prague, 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 New Prague, MN, is $446,985.00, with the most expensive house in New Prague, MN, topping out at $2,462,502.00 and the cheapest home in New Prague, MN, clocking in at $18,129.00. In other words, there’s something for every potential homebuyer or savvy investor in New Prague, MN!

Rent Prices In New Prague, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in New Prague, MN, is on a rollercoaster ride. The average rent price in New Prague, MN, is $1,808.00. Indeed, when looking to rent in New Prague, MN, you can expect to pay as little as $690.00 or as much as $4,160.00, with the average rent median estimated to be $1,780.00. The good news is that finding an affordable and desirable property to rent in New Prague, 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 New Prague, MN In 2024

New Prague is located in Le Sueur, Minnesota, with an estimated municipal population of 8,263 residents. All of the best foreclosed homes for sale in New Prague are located in the following zip code areas on 56071. The estimated population per square kilometer (.62 miles) in New Prague is 834.

Cost Of Living In New Prague, MN

So, about how much do homes cost in New Prague? The most recent median value of resident-owned homes in New Prague is 246,708. An estimated 78.5 percent of households in New Prague own their homes, with an average family size of 3.35. The median household income in New Prague is 77,949, with35.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in New Prague, the median commute time of resident workers (in minutes) is 31.4. And last, but certainly not least, are you looking for homes to rent in New Prague? If so, the average rent price paid by renters in New Prague is 880, according to recent statistics.

Diversity And Demographics In New Prague, 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 New Prague, 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 New Prague is 35, split between 51.4 percent male versus 48.6 female. The percentage of residents who report being married in New Prague is 54.5, with an average family size of 3.35.

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

White 93%
Black / African American 0%
Asian 2.7%
American Indian / Alaskan Native 1.4%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.4%
Other 0.5%

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

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

Under 10 16.7%
Aged 10-19 13.1%
20s 13.8%
30s 14.2%
40s 12%
50s 10%
60s 7.6%
70s 6.2%
80+ 6.3%

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

Pros And Cons Of Living In New Prague, Minnesota

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

  • 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 New Prague.

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

New Prague, MN Preforeclosure Homes


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