Buying city property has tremendous potential because you have the opportunity to turn a neglected eyesore into a real estate gem … at a fraction of the cost. Click on a listing below to begin search for city-owned properties for sale in your area. Don't overpay for your next home in Babbitt, MN. There are 3 discounted homes for sale in Babbitt, MN we think you'll love.
Babbitt, MN is a charming small town nestled in the heart of northeastern Minnesota, ideal for those who appreciate nature and a tight-knit community. The town offers access to beautiful parks, local amenities, and excellent educational institutions, making it perfect for families and outdoor lovers. Residents enjoy a tranquil lifestyle, surrounded by stunning natural landscapes and outdoor recreational activities.
There are currently 1,160 real estate properties in Babbitt, MN, with a median automated valuation model (AVM) price of $151,760.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Babbitt, 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 Babbitt, MN, is $206,552.00, with the most expensive house in Babbitt, MN, topping out at $4,023,621.00 and the cheapest home in Babbitt, MN, clocking in at $15,271.00. In other words, there’s something for every potential homebuyer or savvy investor in Babbitt, MN!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Babbitt, MN, is on a rollercoaster ride. The average rent price in Babbitt, MN, is $1,076.00. Indeed, when looking to rent in Babbitt, MN, you can expect to pay as little as $620.00 or as much as $2,440.00, with the average rent median estimated to be $1,000.00. The good news is that finding an affordable and desirable property to rent in Babbitt, 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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