Foreclosure Homes in Shafer, MN

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5 Reed-ave-Shafer-MN-55074
Preforeclosure NEW
$244,608 EMV

Reed Ave
Shafer, MN 55074

3 Bed | 1 Bath | 1,133 Sq. Ft.

$284,787 EMV

Redding Ave
Shafer, MN 55074

4 Bed | 1 Bath | 1,319 Sq. Ft.

$232,063 EMV

308th St
Shafer, MN 55074

4 Bed | 1,025 Sq. Ft.

Displaying 1 - 3 of 3

Home Value Estimator For Shafer, MN

There are currently 515 real estate properties in Shafer, MN, with a median automated valuation model (AVM) price of $257,700.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Shafer, 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 Shafer, MN, is $296,273.00, with the most expensive house in Shafer, MN, topping out at $2,206,800.00 and the cheapest home in Shafer, MN, clocking in at $113,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Shafer, MN!

Rent Prices In Shafer, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Shafer, MN, is on a rollercoaster ride. The average rent price in Shafer, MN, is $1,617.00. Indeed, when looking to rent in Shafer, MN, you can expect to pay as little as $1,000.00 or as much as $3,360.00, with the average rent median estimated to be $1,540.00. The good news is that finding an affordable and desirable property to rent in Shafer, 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 Shafer, MN

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

Top Reasons To Live In Shafer, MN In 2021

Shafer is located in Chisago, Minnesota, with an estimated municipal population of 1,117 residents. All of the best foreclosed homes for sale in Shafer are located in the following zip code areas on 55074. The estimated population per square kilometer (.62 miles) in Shafer is 344.

Cost Of Living In Shafer, MN

So, about how much do homes cost in Shafer? The most recent median value of resident-owned homes in Shafer is 148,145. An estimated 82.4 percent of households in Shafer own their homes, with an average family size of 3.32. The median household income in Shafer is 74,250, with26.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Shafer, the median commute time of resident workers (in minutes) is 33.3. And last, but certainly not least, are you looking for homes to rent in Shafer? If so, the average rent price paid by renters in Shafer is 1,000, according to recent statistics.

Diversity And Demographics In Shafer, 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 Shafer, 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 Shafer is 29.1, split between 51.5 percent male versus 48.5 female. The percentage of residents who report being married in Shafer is 52.3, with an average family size of 3.32.

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

White 96.5%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0.3%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.4%
Other 0.8%

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

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

Under 10 20.5%
Aged 10-19 14.1%
20s 17.9%
30s 19.8%
40s 10.5%
50s 7.6%
60s 7.7%
70s 1%
80+ 1%

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

Pros And Cons Of Living In Shafer, Minnesota

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

  • 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 Shafer.

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


Listing types in Shafer, MN

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