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Preforeclosure Homes in Shelly, MN

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View this home at 365th St Gary MN 56545
Preforeclosure
VIEW DETAILS
$146,687 EMV
365th St
Gary, MN 56545
Single-Family
EST. RENT: $1,251
|
AUCTION: 06-04-2024
Single-Family
View this home at 1st St E Ada MN 56510
Preforeclosure
VIEW DETAILS
$144,077 EMV
1st St E
Ada, MN 56510
Single-Family
|
4 |
2
|
1,500
EST. RENT: $1,408
|
AUCTION: 05-09-2024
Single-Family
|
4 |
2
|
1,500
Displaying 1 - 9 of 9
 
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Top Reasons To Live In Shelly, MN In 2024

Shelly is located in Norman, Minnesota, with an estimated municipal population of 179 residents. All of the best foreclosed homes for sale in Shelly are located in the following zip code areas on Foreclosure.com: 56581. The estimated population per square kilometer (.62 miles) in Shelly is 327.


Cost Of Living In Shelly, MN

So, about how much do homes cost in Shelly? The most recent median value of resident-owned homes in Shelly is 72,787. An estimated 85.7 percent of households in Shelly own their homes, with an average family size of 2.55. The median household income in Shelly is 54,375, with23.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Shelly, the median commute time of resident workers (in minutes) is 31.5.


Diversity And Demographics In Shelly, 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 Shelly, 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 Shelly is 43.5, split between 49.6 percent male versus 50.4 female. The percentage of residents who report being married in Shelly is 32.5, with an average family size of 2.55.

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

White 91%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 4.5%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 4.5%
Other 0%

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

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

Under 10 11.3%
Aged 10-19 8.3%
20s 15.8%
30s 9%
40s 14.3%
50s 14.3%
60s 8.3%
70s 12.1%
80+ 6.8%

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


Pros And Cons Of Living In Shelly, Minnesota

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

  • 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 Shelly.


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

Shelly, MN Preforeclosure Homes


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