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Preforeclosure Homes in Biwabik, MN

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Living in Biwabik, MN

Biwabik, MN is a quaint town that offers a tight-knit community atmosphere, abundant outdoor recreational activities, and a rich cultural history. Its residents enjoy a peaceful lifestyle with access to nature and local amenities, making it an ideal place for families and outdoor enthusiasts alike.

Current Market Conditions in Biwabik, MN

The real estate market in Biwabik is stable, characterized by a variety of housing options from quaint homes to modern builds. Recent trends show a steady appreciation in home values, as the demand for properties in small towns increases due to remote working flexibility and a growing interest in outdoor lifestyles.

Investors and homebuyers alike are seeking properties in Biwabik, which is making it more competitive, though prices remain relatively affordable compared to larger metropolitan areas.

Home Value Estimator For Biwabik, MN

There are currently 450 real estate properties in Biwabik, MN, with a median automated valuation model (AVM) price of $129,973.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Biwabik, 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 Biwabik, MN, is $171,785.00, with the most expensive house in Biwabik, MN, topping out at $1,519,127.00 and the cheapest home in Biwabik, MN, clocking in at $11,356.00. In other words, there’s something for every potential homebuyer or savvy investor in Biwabik, MN!

Rent Prices In Biwabik, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Biwabik, MN, is on a rollercoaster ride. The average rent price in Biwabik, MN, is $954.00. Indeed, when looking to rent in Biwabik, MN, you can expect to pay as little as $530.00 or as much as $2,410.00, with the average rent median estimated to be $900.00. The good news is that finding an affordable and desirable property to rent in Biwabik, 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.

Biwabik, MN Preforeclosure Homes


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