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Preforeclosure Homes in Balaton, MN

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Living in Balaton, MN

Balaton, MN is a charming small town with a strong sense of community and a relaxed lifestyle. With access to beautiful outdoor spaces and essential amenities, Balaton is perfect for families and those seeking tranquility. The town also offers quality education options while being conveniently located near larger urban centers.

Current Market Conditions in Balaton, MN

The real estate market in Balaton is currently favorable for buyers, with a variety of listings available across different price ranges. The demand for homes in this serene location has been steadily increasing, drawing attention from investors and potential homeowners looking for a peaceful retreat.

As more people seek out suburban living options, Balaton's market is expected to continue growing, reflecting a trend toward affordability and community living. This presents excellent investment opportunities for those looking to capitalize on the increasing desirability of the area.

Home Value Estimator For Balaton, MN

There are currently 489 real estate properties in Balaton, MN, with a median automated valuation model (AVM) price of $145,294.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Balaton, 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 Balaton, MN, is $292,295.00, with the most expensive house in Balaton, MN, topping out at $3,019,697.00 and the cheapest home in Balaton, MN, clocking in at $18,771.00. In other words, there’s something for every potential homebuyer or savvy investor in Balaton, MN!

Rent Prices In Balaton, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Balaton, MN, is on a rollercoaster ride. The average rent price in Balaton, MN, is $1,178.00. Indeed, when looking to rent in Balaton, MN, you can expect to pay as little as $570.00 or as much as $2,200.00, with the average rent median estimated to be $1,010.00. The good news is that finding an affordable and desirable property to rent in Balaton, 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.

Balaton, MN Preforeclosure Homes


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