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Cheap Homes in Backus, MN 56435

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Backus, MN Foreclosures

How much do homes sell for in Backus, MN?
The average home price is currently $341,458.
What’s the average rental cost in Backus, MN?
The average rental price in Backus is $1,334.
What is the most expensive home in Backus?
The most expensive home sold in Backus had a price of $3,139,244.
What is currently the cheapest priced home in Backus, MN?
The cheapest home for sale in Backus is priced at $17,365.

Living in Backus, MN

Backus, MN is a quaint small town that delights in its natural beauty and friendly community spirit. With ample outdoor activities offered in the surrounding lakes and forests, it is a perfect place for nature lovers. Education options and local amenities add to its charm, making it an ideal location for families and retirees alike.

Current Market Conditions in Backus, MN

In recent months, the real estate market in Backus has shown consistent growth, primarily driven by increased demand for homes in rural settings as more individuals seek refuge from urban living. Prices have been steadily rising, indicating a thriving market for both buyers and sellers.

Developments in the region, including amenities and increased interest in vacation properties, have added momentum to the local market. Backus is becoming a favored spot for those looking for a second home or a place to retire, reflecting a national trend toward rural investments.

Home Value Estimator For Backus, MN

There are currently 2,188 real estate properties in Backus, MN, with a median automated valuation model (AVM) price of $297,593.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Backus, 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 Backus, MN, is $341,458.00, with the most expensive house in Backus, MN, topping out at $3,139,244.00 and the cheapest home in Backus, MN, clocking in at $17,365.00. In other words, there’s something for every potential homebuyer or savvy investor in Backus, MN!

Rent Prices In Backus, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Backus, MN, is on a rollercoaster ride. The average rent price in Backus, MN, is $1,334.00. Indeed, when looking to rent in Backus, MN, you can expect to pay as little as $490.00 or as much as $3,500.00, 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 Backus, 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.

Cheap Homes in Backus, MN 56435


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