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Rent To Own Homes in Balaton, MN

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Balaton, MN Foreclosures

How much do homes sell for in Balaton, MN?
The average home price is currently $350,596.
In Balaton, MN, how many homes are available?
There are currently 2 active home listings available in Balaton.
What’s the average rental cost in Balaton, MN?
The average rental price in Balaton is $1,177.
What is the most expensive home in Balaton?
The most expensive home sold in Balaton had a price of $4,315,141.
What is currently the cheapest priced home in Balaton, MN?
The cheapest home for sale in Balaton is priced at $18,771.

Living in Balaton, MN

Balaton, MN is a charming small town that emphasizes a close-knit community lifestyle surrounded by picturesque rural landscapes. With essential amenities and parks, it provides residents with both comfort and leisure opportunities. The town is served by quality schools, making it a suitable place for families looking for a peaceful living environment.

Current Market Conditions in Balaton, MN

The real estate market in Balaton remains stable, with a blend of affordable housing options and some higher-end properties available. The town’s appeal is fueled by its rural charm and strong community ties, making it an attractive choice for buyers looking to escape urban life. There has been consistent interest in the market, particularly from families and retirees seeking a serene lifestyle.

Current trends show a steady demand for properties in Balaton, with homes typically seeing gradual appreciation over time. The community's commitment to preserving its charm and enhancing local amenities has drawn attention from potential real estate investors. The market is marked by modest growth, and the optimistic atmosphere about purchasing homes suggests continued stability.

Home Value Estimator For Balaton, MN

There are currently 490 real estate properties in Balaton, MN, with a median automated valuation model (AVM) price of $149,331.00. 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 $350,596.00, with the most expensive house in Balaton, MN, topping out at $4,315,141.00 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 $1,177.00. 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 $1,000.00. 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 Rent To Own Homes

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