Foreclosure Homes in Welcome, MN

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View this home at Circle Dr W Welcome MN 56181
$150,576 EMV

3 Bed | 2 Bath | 1,120 Sq. Ft.

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Welcome, MN Foreclosures

How much do homes sell for in Welcome, MN?
The average home price is currently $287,340.
In Welcome, MN, how many homes are available?
There are currently 513 active home listings available in Welcome.
What’s the average rental cost in Welcome, MN?
The average rental price in Welcome is $1,242.
What is the most expensive home in Welcome, Minnesota?
The most expensive home sold in Welcome had a price of $3,098,806.
What is currently the cheapest priced home in Welcome, MN?
The cheapest home for sale in Welcome is priced at $14,974.

Home Value Estimator For Welcome, MN

There are currently 513 real estate properties in Welcome, MN, with a median automated valuation model (AVM) price of $161,415.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Welcome, 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 Welcome, MN, is $287,340.00, with the most expensive house in Welcome, MN, topping out at $3,098,806.00 and the cheapest home in Welcome, MN, clocking in at $14,974.00. In other words, there’s something for every potential homebuyer or savvy investor in Welcome, MN!

Rent Prices In Welcome, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Welcome, MN, is on a rollercoaster ride. The average rent price in Welcome, MN, is $1,242.00. Indeed, when looking to rent in Welcome, MN, you can expect to pay as little as $470.00 or as much as $2,700.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Welcome, 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 Welcome, MN In 2024

Welcome is located in Martin, Minnesota, with an estimated municipal population of 649 residents. All of the best foreclosed homes for sale in Welcome are located in the following zip code areas on 56181. The estimated population per square kilometer (.62 miles) in Welcome is 172.

Cost Of Living In Welcome, MN

So, about how much do homes cost in Welcome? The most recent median value of resident-owned homes in Welcome is 87,378. An estimated 81.7 percent of households in Welcome own their homes, with an average family size of 2.89. The median household income in Welcome is 48,958, with14.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Welcome, the median commute time of resident workers (in minutes) is 17.5. And last, but certainly not least, are you looking for homes to rent in Welcome? If so, the average rent price paid by renters in Welcome is 580, according to recent statistics.

Diversity And Demographics In Welcome, 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 Welcome, 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 Welcome is 40.2, split between 44.1 percent male versus 55.9 female. The percentage of residents who report being married in Welcome is 55.2, with an average family size of 2.89.

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

White 97.7%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 1.6%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.7%
Other 0%

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

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

Under 10 13.9%
Aged 10-19 13.8%
20s 12.3%
30s 9.3%
40s 12.7%
50s 14.2%
60s 14.5%
70s 6.9%
80+ 2.2%

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

Pros And Cons Of Living In Welcome, Minnesota

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

  • 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 Welcome.

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

Welcome, MN Foreclosures


Listing types in Welcome, MN

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