Foreclosure Homes in Wanamingo, MN

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17 View this home at 2nd Ave Wanamingo MN 55983
$286,884 EMV

3 Bed | 2 Bath | 2,188 Sq. Ft.

View this home at 2nd St E Wanamingo MN 55983
$238,342 EMV

| 1,459 Sq. Ft.

View this home at West Ave Wanamingo MN 55983
$308,095 EMV

| 1,276 Sq. Ft.

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Wanamingo, MN Foreclosures

How much do homes sell for in Wanamingo, MN?
The average home price is currently $273,015.
In Wanamingo, MN, how many homes are available?
There are currently 670 active home listings available in Wanamingo.
What’s the average rental cost in Wanamingo, MN?
The average rental price in Wanamingo is $1,451.
What is the most expensive home in Wanamingo, Minnesota?
The most expensive home sold in Wanamingo had a price of $1,793,250.
What is currently the cheapest priced home in Wanamingo, MN?
The cheapest home for sale in Wanamingo is priced at $15,985.

Home Value Estimator For Wanamingo, MN

There are currently 670 real estate properties in Wanamingo, MN, with a median automated valuation model (AVM) price of $249,522.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Wanamingo, 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 Wanamingo, MN, is $273,015.00, with the most expensive house in Wanamingo, MN, topping out at $1,793,250.00 and the cheapest home in Wanamingo, MN, clocking in at $15,985.00. In other words, there’s something for every potential homebuyer or savvy investor in Wanamingo, MN!

Rent Prices In Wanamingo, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Wanamingo, MN, is on a rollercoaster ride. The average rent price in Wanamingo, MN, is $1,451.00. Indeed, when looking to rent in Wanamingo, MN, you can expect to pay as little as $660.00 or as much as $3,000.00, with the average rent median estimated to be $1,390.00. The good news is that finding an affordable and desirable property to rent in Wanamingo, 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 Wanamingo, MN In 2024

Wanamingo is located in Goodhue, Minnesota, with an estimated municipal population of 1,078 residents. All of the best foreclosed homes for sale in Wanamingo are located in the following zip code areas on 55983. The estimated population per square kilometer (.62 miles) in Wanamingo is 290.

Cost Of Living In Wanamingo, MN

So, about how much do homes cost in Wanamingo? The most recent median value of resident-owned homes in Wanamingo is 150,476. An estimated 74.1 percent of households in Wanamingo own their homes, with an average family size of 2.8. The median household income in Wanamingo is 55,417, with23 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Wanamingo, the median commute time of resident workers (in minutes) is 23. And last, but certainly not least, are you looking for homes to rent in Wanamingo? If so, the average rent price paid by renters in Wanamingo is 600, according to recent statistics.

Diversity And Demographics In Wanamingo, 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 Wanamingo, 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 Wanamingo is 40.7, split between 49.2 percent male versus 50.8 female. The percentage of residents who report being married in Wanamingo is 55.5, with an average family size of 2.8.

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

White 96.8%
Black / African American 0.2%
Asian 1.8%
American Indian / Alaskan Native 0.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.6%
Other 0%

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

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

Under 10 13.6%
Aged 10-19 11.7%
20s 8.3%
30s 15.1%
40s 14.4%
50s 10.2%
60s 13.4%
70s 7.5%
80+ 5.8%

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

Pros And Cons Of Living In Wanamingo, Minnesota

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

  • 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 Wanamingo.

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

Wanamingo, MN Foreclosures


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