Foreclosure Homes in Bingham Lake, MN 56118

Current Market Conditions in Bingham Lake, MN

The real estate market in Bingham Lake is stable due to its small-town appeal and friendly community atmosphere. Recently, there has been a slight uptick in interest from buyers looking for affordable homes away from urban centers. This has resulted in a modest increase in property values over the past few months as the area gains more visibility for its serene lifestyle and natural beauty.

Many homes in Bingham Lake offer acreage and privacy, which are increasingly desirable as more people search for homes with outdoor space in the wake of the pandemic. As such, the market remains competitive for buyers looking for homes in this quaint area.

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.