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Foreclosure Homes in Proctor, MN

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9 2nd-st-Proctor-MN-55810
Foreclosure
$145,597 EMV

2nd St
Proctor, MN 55810

2 Bed | 1 Bath | 880 Sq. Ft.

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Home Value Estimator For Proctor, MN

There are currently 1,544 real estate properties in Proctor, MN, with a median automated valuation model (AVM) price of $207,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Proctor, 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 Proctor, MN, is $226,460.00, with the most expensive house in Proctor, MN, topping out at $581,000.00 and the cheapest home in Proctor, MN, clocking in at $47,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Proctor, MN!


Rent Prices In Proctor, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Proctor, MN, is on a rollercoaster ride. The average rent price in Proctor, MN, is $1,347.00. Indeed, when looking to rent in Proctor, MN, you can expect to pay as little as $710.00 or as much as $2,290.00, with the average rent median estimated to be $1,320.00. The good news is that finding an affordable and desirable property to rent in Proctor, 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.


Foreclosure Homes in Proctor, MN

Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Proctor, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Proctor, MN and much more. Save thousands at closing with home foreclosure listings in Proctor, MN — up to 75% off market value!


Top Reasons To Live In Proctor, MN In 2021

Proctor is located in St. Louis, Minnesota, with an estimated municipal population of 3,028 residents. All of the best foreclosed homes for sale in Proctor are located in the following zip code areas on Foreclosure.com: 55810. The estimated population per square kilometer (.62 miles) in Proctor is 357.


Cost Of Living In Proctor, MN

So, about how much do homes cost in Proctor? The most recent median value of resident-owned homes in Proctor is 143,586. An estimated 82 percent of households in Proctor own their homes, with an average family size of 3.09. The median household income in Proctor is 57,794, with21 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Proctor, the median commute time of resident workers (in minutes) is 19.5. And last, but certainly not least, are you looking for homes to rent in Proctor? If so, the average rent price paid by renters in Proctor is 653, according to recent statistics.


Diversity And Demographics In Proctor, 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 Proctor, 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 Proctor is 45.8, split between 49.3 percent male versus 50.7 female. The percentage of residents who report being married in Proctor is 53.9, with an average family size of 3.09.

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

White 95.9%
Black / African American 0.2%
Asian 1.6%
American Indian / Alaskan Native 1.4%
Native Hawaiian / Other Pacifc Islander 0.4%
Multi-racial 0.6%
Other 0%

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

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

Under 10 11.3%
Aged 10-19 11.1%
20s 7.9%
30s 12.1%
40s 12.8%
50s 13.3%
60s 13.8%
70s 9.7%
80+ 7.9%

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


Pros And Cons Of Living In Proctor, Minnesota

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

  • 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 Proctor.


Reasons To Move To Proctor, Minnesota, In 2021

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Proctor can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Proctor, meanwhile, can field multiple offers from more qualified buyers.

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Listing types in Proctor, MN

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