Foreclosure Homes in Bingham Lake, MN

Current Market Conditions in Bingham Lake, MN

The real estate market in Bingham Lake is relatively stable, characterized by a mix of single-family homes and farmland. Properties here are generally affordable compared to larger nearby cities, making it an attractive option for buyers looking for value in a rural setting. The area has seen steady demand, particularly among those seeking a quiet life amidst nature.

Due to its low population density and appeal to nature lovers, homes in Bingham Lake turn over at a modest rate. Buyers are drawn to the area for its tranquility and recreational opportunities, leading to consistent interest in listings.

Rent Prices In Bingham Lake, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bingham Lake, MN, is on a rollercoaster ride. The average rent price in Bingham Lake, MN, is $1,429.00. Indeed, when looking to rent in Bingham Lake, MN, you can expect to pay as little as $650.00 or as much as $2,180.00, with the average rent median estimated to be $1,420.00. The good news is that finding an affordable and desirable property to rent in Bingham Lake, 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.