Arco, MN Foreclosures
How much do homes sell for in Arco, MN?
The average home price is currently $169,647.
What’s the average rental cost in Arco, MN?
The average rental price in Arco is $1,076.
What is the most expensive home in Arco?
The most expensive home sold in Arco had a price of $572,509.
What is currently the cheapest priced home in Arco, MN?
The cheapest home for sale in Arco is priced at $45,382.
Living in Arco, MN
Arco, Minnesota is a charming town offering a peaceful rural lifestyle with a welcoming community. The area is perfect for outdoor activities, featuring parks and trails, while still providing necessary amenities for residents. It is an ideal location for families and retirees who value a close community and a serene environment.
Current Market Conditions in Arco, MN
The current real estate market in Arco is experiencing moderate growth, with a steady increase in home prices due to limited inventory. Buyers are drawn to the affordable prices compared to larger urban areas, and the demand for homes continues to rise as more individuals seek a peaceful living environment.
It is increasingly common to see competitive bidding on properties, especially single-family homes, as buyers are eager to settle in this charming community. Local real estate agents suggest that this trend will continue as the area's reputation spreads.
Home Value Estimator For Arco, MN
There are currently 60 real estate properties
in Arco, MN,
with a median automated valuation model (AVM) price
of $96,806.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Arco, 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 Arco, MN,
is $169,647.00, with the most expensive house
in Arco, MN, topping out
at $572,509.00 and the cheapest home
in Arco, MN,
clocking in at $45,382.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Arco, MN!
Rent Prices
In Arco, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Arco, MN, is on
a rollercoaster ride. The
average rent price in Arco, MN,
is $1,076.00. Indeed, when looking to rent in
Arco, MN, you can expect to pay as little
as $750.00 or as much
as $1,820.00,
with the average rent median estimated to
be $940.00. The good news is that finding
an affordable and desirable property to rent in Arco, 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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