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Preforeclosure Homes in Winthrop, MN

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5 View this home at 246th St Winthrop MN 55396
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246th St
Winthrop, MN 55396
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AUCTION: 04-03-2024
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Home Value Estimator For Winthrop, MN

There are currently 548 real estate properties in Winthrop, MN, with a median automated valuation model (AVM) price of $225,669.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Winthrop, 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 Winthrop, MN, is $343,475.00, with the most expensive house in Winthrop, MN, topping out at $2,961,873.00 and the cheapest home in Winthrop, MN, clocking in at $15,066.00. In other words, there’s something for every potential homebuyer or savvy investor in Winthrop, MN!


Rent Prices In Winthrop, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Winthrop, MN, is on a rollercoaster ride. The average rent price in Winthrop, MN, is $1,373.00. Indeed, when looking to rent in Winthrop, MN, you can expect to pay as little as $820.00 or as much as $2,340.00, with the average rent median estimated to be $1,320.00. The good news is that finding an affordable and desirable property to rent in Winthrop, 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 Winthrop, MN In 2024

Winthrop is located in Sibley, Minnesota, with an estimated municipal population of 1,347 residents. All of the best foreclosed homes for sale in Winthrop are located in the following zip code areas on Foreclosure.com: 55396. The estimated population per square kilometer (.62 miles) in Winthrop is 440.


Cost Of Living In Winthrop, MN

So, about how much do homes cost in Winthrop? The most recent median value of resident-owned homes in Winthrop is 111,364. An estimated 69.9 percent of households in Winthrop own their homes, with an average family size of 2.86. The median household income in Winthrop is 55,450, with22 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Winthrop, the median commute time of resident workers (in minutes) is 22. And last, but certainly not least, are you looking for homes to rent in Winthrop? If so, the average rent price paid by renters in Winthrop is 648, according to recent statistics.


Diversity And Demographics In Winthrop, 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 Winthrop, 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 Winthrop is 38.9, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in Winthrop is 55.7, with an average family size of 2.86.

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

White 91.7%
Black / African American 2.1%
Asian 0.3%
American Indian / Alaskan Native 1.7%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 0.4%
Other 3.8%

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

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

Under 10 17.8%
Aged 10-19 7.9%
20s 12%
30s 14.2%
40s 10.7%
50s 9.8%
60s 10.9%
70s 9.3%
80+ 7.2%

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


Pros And Cons Of Living In Winthrop, Minnesota

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

  • 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 Winthrop.


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

Winthrop, MN Preforeclosure Homes


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