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Bankruptcy Homes in Racine, MN

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320th-st-Racine-MN-55967
Bankruptcy
$239,955 EMV

320th St
Racine, MN 55967

2 Bed | 1,414 Sq. Ft.

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Foreclosure Homes in Racine, MN

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


Top Reasons To Live In Racine, MN In 2021

Racine is located in Mower, Minnesota, with an estimated municipal population of 593 residents. All of the best foreclosed homes for sale in Racine are located in the following zip code areas on Foreclosure.com: 55967. The estimated population per square kilometer (.62 miles) in Racine is 342.


Cost Of Living In Racine, MN

So, about how much do homes cost in Racine? The most recent median value of resident-owned homes in Racine is 167,657. An estimated 92.1 percent of households in Racine own their homes, with an average family size of 3.45. The median household income in Racine is 64,861, with27.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Racine, the median commute time of resident workers (in minutes) is 24.6. And last, but certainly not least, are you looking for homes to rent in Racine? If so, the average rent price paid by renters in Racine is 1,021, according to recent statistics.


Diversity And Demographics In Racine, 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 Racine, 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 Racine is 34.6, split between 53.4 percent male versus 46.6 female. The percentage of residents who report being married in Racine is 56.6, with an average family size of 3.45.

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

White 98%
Black / African American 0.4%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.8%
Other 0.8%

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

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

Under 10 16.8%
Aged 10-19 18.5%
20s 5.8%
30s 18.2%
40s 15%
50s 9.6%
60s 9.1%
70s 4%
80+ 3%

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


Pros And Cons Of Living In Racine, Minnesota

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

  • 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 Racine.


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

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