There are currently 1,147 real estate properties in Oronoco, MN, with a median automated valuation model (AVM) price of $488,900.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Oronoco, 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 Oronoco, MN, is $536,202.00, with the most expensive house in Oronoco, MN, topping out at $3,000,000.00 and the cheapest home in Oronoco, MN, clocking in at $110,000.00. In other words, there’s something for every potential homebuyer or savvy investor in Oronoco, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Oronoco, MN, is on a rollercoaster ride. The average rent price in Oronoco, MN, is $2,192.00. Indeed, when looking to rent in Oronoco, MN, you can expect to pay as little as $860.00 or as much as $3,720.00, with the average rent median estimated to be $2,080.00. The good news is that finding an affordable and desirable property to rent in Oronoco, 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.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Oronoco, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Oronoco, MN and much more. Save thousands at closing with home foreclosure listings in Oronoco, MN — up to 75% off market value!
Oronoco is located in Olmsted, Minnesota, with an estimated municipal population of 1,525 residents. All of the best foreclosed homes for sale in Oronoco are located in the following zip code areas on Foreclosure.com: 55960. The estimated population per square kilometer (.62 miles) in Oronoco is 202.
So, about how much do homes cost in Oronoco? The most recent median value of resident-owned homes in Oronoco is 313,321. An estimated 95.8 percent of households in Oronoco own their homes, with an average family size of 3.27. The median household income in Oronoco is 121,250, with64.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Oronoco, the median commute time of resident workers (in minutes) is 23. And last, but certainly not least, are you looking for homes to rent in Oronoco? If so, the average rent price paid by renters in Oronoco is 938, 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 Oronoco, 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 Oronoco is 36.7, split between 47.8 percent male versus 52.2 female. The percentage of residents who report being married in Oronoco is 71.4, with an average family size of 3.27.
The percentage of residents who report their race in Oronoco is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Oronoco? Or maybe you are searching for 55+ active adult communities in and/or near Oronoco?
The percentage of residents who report their age in Oronoco is as follows:
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 Oronoco with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Oronoco.
How do you know that living in -- or moving to -- Oronoco is right where you need to be? Perhaps you grew up in Oronoco or already live nearby; therefore, the decision to buy a home in Oronoco is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Oronoco 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 Oronoco:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Oronoco.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Oronoco can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Oronoco, meanwhile, can field multiple offers from more qualified buyers.
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