Loman, MN Foreclosures
How much do homes sell for in Loman, MN?
The average home price is currently $166,027.
In Loman, MN, how many homes are available?
There are currently 1 active home listings available in Loman.
What’s the average rental cost in Loman, MN?
The average rental price in Loman is $976.
What is the most expensive home in Loman?
The most expensive home sold in Loman had a price of $446,194.
What is currently the cheapest priced home in Loman, MN?
The cheapest home for sale in Loman is priced at $23,065.
Living in Loman, MN
Loman, MN is a cozy community offering a peaceful rural lifestyle surrounded by nature. With a variety of outdoor activities like fishing, hiking, and biking, residents can enjoy the great outdoors year-round. The tight-knit community fosters strong connections among its members, making it an ideal place for families and retirees alike.
Current Market Conditions in Loman, MN
The real estate market in Loman, MN has recently shown signs of stability, with a moderate demand for homes. The tight inventory has led to competitive pricing, particularly for family-sized homes that are in proximity to schools and recreational facilities.
As more individuals seek quieter, rural lifestyles, Loman has become increasingly attractive. The natural beauty and approachable community vibe have drawn attention from potential buyers looking for second homes or retirement options.
Home Value Estimator For Loman, MN
There are currently 114 real estate properties
in Loman, MN,
with a median automated valuation model (AVM) price
of $158,928.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Loman, 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 Loman, MN,
is $166,027.00, with the most expensive house
in Loman, MN, topping out
at $446,194.00 and the cheapest home
in Loman, MN,
clocking in at $23,065.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Loman, MN!
Rent Prices
In Loman, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Loman, MN, is on
a rollercoaster ride. The
average rent price in Loman, MN,
is $976.00. Indeed, when looking to rent in
Loman, MN, you can expect to pay as little
as $570.00 or as much
as $1,380.00,
with the average rent median estimated to
be $960.00. The good news is that finding
an affordable and desirable property to rent in Loman, 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.
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