Cheap Homes in Truman, MN

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View this home at N 1st Ave E Truman MN 56088
$50,112 EMV

2 Bed | 1 Bath | 576 Sq. Ft.

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Home Value Estimator For Truman, MN

There are currently 749 real estate properties in Truman, MN, with a median automated valuation model (AVM) price of $148,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Truman, 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 Truman, MN, is $287,705.00, with the most expensive house in Truman, MN, topping out at $2,504,000.00 and the cheapest home in Truman, MN, clocking in at $31,700.00. In other words, there’s something for every potential homebuyer or savvy investor in Truman, MN!

Rent Prices In Truman, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Truman, MN, is on a rollercoaster ride. The average rent price in Truman, MN, is $1,320.00. Indeed, when looking to rent in Truman, MN, you can expect to pay as little as $550.00 or as much as $3,860.00, with the average rent median estimated to be $1,220.00. The good news is that finding an affordable and desirable property to rent in Truman, 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 Truman, MN

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

Top Reasons To Live In Truman, MN In 2023

Truman is located in Martin, Minnesota, with an estimated municipal population of 1,042 residents. All of the best foreclosed homes for sale in Truman are located in the following zip code areas on 56088. The estimated population per square kilometer (.62 miles) in Truman is 366.

Cost Of Living In Truman, MN

So, about how much do homes cost in Truman? The most recent median value of resident-owned homes in Truman is 79,677. An estimated 71.6 percent of households in Truman own their homes, with an average family size of 2.5. The median household income in Truman is 51,083, with11.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Truman, the median commute time of resident workers (in minutes) is 20.2. And last, but certainly not least, are you looking for homes to rent in Truman? If so, the average rent price paid by renters in Truman is 614, according to recent statistics.

Diversity And Demographics In Truman, 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 Truman, 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 Truman is 51.9, split between 45.2 percent male versus 54.8 female. The percentage of residents who report being married in Truman is 52.4, with an average family size of 2.5.

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

White 98.8%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 1.2%
Other 0%

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

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

Under 10 11%
Aged 10-19 8.5%
20s 13.8%
30s 5.8%
40s 6.3%
50s 17.8%
60s 14.7%
70s 8.8%
80+ 13.2%

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

Pros And Cons Of Living In Truman, Minnesota

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

  • 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 Truman.

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

Cheap Homes in Truman, MN


Listing types in Truman, MN

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