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Top Reasons To Live In Pequot Lakes, MN In 2024

Pequot Lakes is located in Crow Wing, Minnesota, with an estimated municipal population of 2,299 residents. All of the best foreclosed homes for sale in Pequot Lakes are located in the following zip code areas on Foreclosure.com: 56472. The estimated population per square kilometer (.62 miles) in Pequot Lakes is 54.


Cost Of Living In Pequot Lakes, MN

So, about how much do homes cost in Pequot Lakes? The most recent median value of resident-owned homes in Pequot Lakes is 163,657. An estimated 68.8 percent of households in Pequot Lakes own their homes, with an average family size of 3.22. The median household income in Pequot Lakes is 54,583, with21.1 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Pequot Lakes, the median commute time of resident workers (in minutes) is 20.1. And last, but certainly not least, are you looking for homes to rent in Pequot Lakes? If so, the average rent price paid by renters in Pequot Lakes is 672, according to recent statistics.


Diversity And Demographics In Pequot Lakes, 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 Pequot Lakes, 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 Pequot Lakes is 36.3, split between 50.7 percent male versus 49.3 female. The percentage of residents who report being married in Pequot Lakes is 58.6, with an average family size of 3.22.

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

White 98.6%
Black / African American 1.2%
Asian 0.2%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0%
Other 0%

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

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

Under 10 14.1%
Aged 10-19 11.8%
20s 16%
30s 12.8%
40s 11.3%
50s 12.2%
60s 10.5%
70s 8%
80+ 3.4%

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


Pros And Cons Of Living In Pequot Lakes, Minnesota

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

  • 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 Pequot Lakes.


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

Pequot Lakes, MN Foreclosures


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