Bankruptcy Homes in Savage, MN

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Home Value Estimator For Savage, MN

There are currently 9,555 real estate properties in Savage, MN, with a median automated valuation model (AVM) price of $429,567.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Savage, 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 Savage, MN, is $449,236.00, with the most expensive house in Savage, MN, topping out at $6,611,067.00 and the cheapest home in Savage, MN, clocking in at $60,669.00. In other words, there’s something for every potential homebuyer or savvy investor in Savage, MN!

Rent Prices In Savage, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Savage, MN, is on a rollercoaster ride. The average rent price in Savage, MN, is $1,936.00. Indeed, when looking to rent in Savage, MN, you can expect to pay as little as $940.00 or as much as $4,520.00, with the average rent median estimated to be $1,850.00. The good news is that finding an affordable and desirable property to rent in Savage, 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.

Top Reasons To Live In Savage, MN In 2024

Savage is located in Scott, Minnesota, with an estimated municipal population of 32,362 residents. All of the best foreclosed homes for sale in Savage are located in the following zip code areas on 55378. The estimated population per square kilometer (.62 miles) in Savage is 801.

Cost Of Living In Savage, MN

So, about how much do homes cost in Savage? The most recent median value of resident-owned homes in Savage is 307,798. An estimated 84 percent of households in Savage own their homes, with an average family size of 3.31. The median household income in Savage is 119,291, with58.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Savage, the median commute time of resident workers (in minutes) is 25.9. And last, but certainly not least, are you looking for homes to rent in Savage? If so, the average rent price paid by renters in Savage is 1,286, according to recent statistics.

Diversity And Demographics In Savage, 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 Savage, 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 Savage is 35.8, split between 49.4 percent male versus 50.6 female. The percentage of residents who report being married in Savage is 60.6, with an average family size of 3.31.

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

White 79.4%
Black / African American 7.7%
Asian 8.5%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.6%
Other 1.6%

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

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

Under 10 15.7%
Aged 10-19 15.3%
20s 10.9%
30s 13.6%
40s 15.1%
50s 16.2%
60s 7.7%
70s 3.9%
80+ 1.6%

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

Pros And Cons Of Living In Savage, Minnesota

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

  • 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 Savage.

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

Savage, MN Bankruptcy Homes


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