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Short Sale Listings in Backus, MN 56435

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Living in Backus, MN

Backus, MN, is a charming small town characterized by its close-knit community and beautiful natural surroundings. Residents enjoy a peaceful lifestyle with access to nearby lakes and outdoor activities. The local amenities ensure a convenient living experience for families and individuals alike.

Current Market Conditions in Backus, MN

The real estate market in Backus has been steadily growing, making it an attractive location for investors. With an increase in demand for vacation rental properties due to its proximity to recreational lakes, property prices have seen a moderate appreciation over the last few years.

Investors can find a range of properties, from quaint family homes to more luxurious lakefront options, catering to diverse buyer interests. The balance of rural charm with the appeal of outdoor adventure continues to attract newcomers to the area.

Home Value Estimator For Backus, MN

There are currently 2,187 real estate properties in Backus, MN, with a median automated valuation model (AVM) price of $295,672.00. 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 $339,598.00, with the most expensive house in Backus, MN, topping out at $3,474,994.00 and the cheapest home in Backus, MN, clocking in at $18,870.00. 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.

Backus, MN 56435 Short Sale Listings


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