Foreclosure Homes in Wabasha, MN

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Wabasha, MN Foreclosures

How much do homes sell for in Wabasha, MN?
The average home price is currently $360,724.
In Wabasha, MN, how many homes are available?
There are currently 2,140 active home listings available in Wabasha.
What’s the average rental cost in Wabasha, MN?
The average rental price in Wabasha is $1,479.
What is the most expensive home in Wabasha, Minnesota?
The most expensive home sold in Wabasha had a price of $3,373,074.
What is currently the cheapest priced home in Wabasha, MN?
The cheapest home for sale in Wabasha is priced at $17,584.

Home Value Estimator For Wabasha, MN

There are currently 2,140 real estate properties in Wabasha, MN, with a median automated valuation model (AVM) price of $292,690.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wabasha, 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 Wabasha, MN, is $360,724.00, with the most expensive house in Wabasha, MN, topping out at $3,373,074.00 and the cheapest home in Wabasha, MN, clocking in at $17,584.00. In other words, there’s something for every potential homebuyer or savvy investor in Wabasha, MN!

Rent Prices In Wabasha, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wabasha, MN, is on a rollercoaster ride. The average rent price in Wabasha, MN, is $1,479.00. Indeed, when looking to rent in Wabasha, MN, you can expect to pay as little as $580.00 or as much as $3,260.00, with the average rent median estimated to be $1,400.00. The good news is that finding an affordable and desirable property to rent in Wabasha, 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 Wabasha, MN In 2024

Wabasha is located in Wabasha, Minnesota, with an estimated municipal population of 2,473 residents. All of the best foreclosed homes for sale in Wabasha are located in the following zip code areas on 55981. The estimated population per square kilometer (.62 miles) in Wabasha is 116.

Cost Of Living In Wabasha, MN

So, about how much do homes cost in Wabasha? The most recent median value of resident-owned homes in Wabasha is 164,742. An estimated 71.5 percent of households in Wabasha own their homes, with an average family size of 2.69. The median household income in Wabasha is 52,534, with18.2 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Wabasha, the median commute time of resident workers (in minutes) is 15.9. And last, but certainly not least, are you looking for homes to rent in Wabasha? If so, the average rent price paid by renters in Wabasha is 696, according to recent statistics.

Diversity And Demographics In Wabasha, 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 Wabasha, 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 Wabasha is 51.4, split between 47.8 percent male versus 52.2 female. The percentage of residents who report being married in Wabasha is 50.2, with an average family size of 2.69.

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

White 97.3%
Black / African American 0.3%
Asian 0.3%
American Indian / Alaskan Native 1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.7%
Other 0.5%

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

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

Under 10 6.7%
Aged 10-19 13.5%
20s 7.2%
30s 8.7%
40s 12.3%
50s 13%
60s 15.3%
70s 15.6%
80+ 7.8%

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

Pros And Cons Of Living In Wabasha, Minnesota

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

  • 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 Wabasha.

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

Wabasha, MN Foreclosures


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