There are currently 1,126 real estate properties in Orr, MN, with a median automated valuation model (AVM) price of $176,436.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Orr, 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 Orr, MN, is $232,179.00, with the most expensive house in Orr, MN, topping out at $4,092,578.00 and the cheapest home in Orr, MN, clocking in at $12,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Orr, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Orr, MN, is on a rollercoaster ride. The average rent price in Orr, MN, is $1,230.00. Indeed, when looking to rent in Orr, MN, you can expect to pay as little as $460.00 or as much as $2,260.00, with the average rent median estimated to be $1,230.00. The good news is that finding an affordable and desirable property to rent in Orr, 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.
Orr is located in St. Louis, Minnesota, with an estimated municipal population of 334 residents. All of the best foreclosed homes for sale in Orr are located in the following zip code areas on Foreclosure.com: 55771. The estimated population per square kilometer (.62 miles) in Orr is 91.
So, about how much do homes cost in Orr? The most recent median value of resident-owned homes in Orr is 110,386. An estimated 63.6 percent of households in Orr own their homes, with an average family size of 2.56. The median household income in Orr is 47,500, with16.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Orr, the median commute time of resident workers (in minutes) is 26.8. And last, but certainly not least, are you looking for homes to rent in Orr? If so, the average rent price paid by renters in Orr is 736, 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 Orr, 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 Orr is 49.8, split between 54.4 percent male versus 45.6 female. The percentage of residents who report being married in Orr is 45.1, with an average family size of 2.56.
The percentage of residents who report their race in Orr is as follows:
White | 73.9% |
Black / African American | 0% |
Asian | 0% |
American Indian / Alaskan Native | 17.8% |
Native Hawaiian / Other Pacifc Islander | 0% |
Multi-racial | 8.3% |
Other | 0% |
Looking for family-friendly neighborhoods in and/or near Orr? Or maybe you are searching for 55+ active adult communities in and/or near Orr?
The percentage of residents who report their age in Orr is as follows:
Under 10 | 11.6% |
Aged 10-19 | 7.8% |
20s | 13.3% |
30s | 12.4% |
40s | 5% |
50s | 23.6% |
60s | 14.5% |
70s | 7.1% |
80+ | 4.6% |
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 Orr with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Orr.
How do you know that living in -- or moving to -- Orr is right where you need to be? Perhaps you grew up in Orr or already live nearby; therefore, the decision to buy a home in Orr is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Orr 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 Orr:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Orr.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Orr can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Orr, meanwhile, can field multiple offers from more qualified buyers.
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