Foreclosure Homes in Sleepy Eye, MN

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5 Water-st-sw-Sleepy-eye-MN-56085
$137,759 EMV

3 Bed | 1.5 Bath | 1,232 Sq. Ft.

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Home Value Estimator For Sleepy Eye, MN

There are currently 1,913 real estate properties in Sleepy Eye, MN, with a median automated valuation model (AVM) price of $156,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Sleepy Eye, 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 Sleepy Eye, MN, is $176,542.00, with the most expensive house in Sleepy Eye, MN, topping out at $1,404,304.00 and the cheapest home in Sleepy Eye, MN, clocking in at $44,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Sleepy Eye, MN!

Rent Prices In Sleepy Eye, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Sleepy Eye, MN, is on a rollercoaster ride. The average rent price in Sleepy Eye, MN, is $1,128.00. Indeed, when looking to rent in Sleepy Eye, MN, you can expect to pay as little as $530.00 or as much as $2,200.00, with the average rent median estimated to be $1,090.00. The good news is that finding an affordable and desirable property to rent in Sleepy Eye, 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 Sleepy Eye, MN

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

Top Reasons To Live In Sleepy Eye, MN In 2023

Sleepy Eye is located in Brown, Minnesota, with an estimated municipal population of 3,356 residents. All of the best foreclosed homes for sale in Sleepy Eye are located in the following zip code areas on 56085. The estimated population per square kilometer (.62 miles) in Sleepy Eye is 705.

Cost Of Living In Sleepy Eye, MN

So, about how much do homes cost in Sleepy Eye? The most recent median value of resident-owned homes in Sleepy Eye is 119,759. An estimated 77.2 percent of households in Sleepy Eye own their homes, with an average family size of 2.76. The median household income in Sleepy Eye is 52,328, with15.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Sleepy Eye, the median commute time of resident workers (in minutes) is 19.9. And last, but certainly not least, are you looking for homes to rent in Sleepy Eye? If so, the average rent price paid by renters in Sleepy Eye is 580, according to recent statistics.

Diversity And Demographics In Sleepy Eye, 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 Sleepy Eye, 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 Sleepy Eye is 41, split between 53 percent male versus 47 female. The percentage of residents who report being married in Sleepy Eye is 54.6, with an average family size of 2.76.

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

White 94.2%
Black / African American 0.4%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.1%
Other 5.2%

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

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

Under 10 10.3%
Aged 10-19 14.5%
20s 10.9%
30s 11.9%
40s 9.9%
50s 14.5%
60s 13%
70s 7.3%
80+ 7.7%

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

Pros And Cons Of Living In Sleepy Eye, Minnesota

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

  • 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 Sleepy Eye.

Reasons To Move To Sleepy Eye, Minnesota, In 2023

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

Sleepy Eye, MN Foreclosures


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