Borup, MN Foreclosures
How much do homes sell for in Borup, MN?
The average home price is currently $274,158.
What’s the average rental cost in Borup, MN?
The average rental price in Borup is $1,173.
What is the most expensive home in Borup?
The most expensive home sold in Borup had a price of $3,594,001.
What is currently the cheapest priced home in Borup, MN?
The cheapest home for sale in Borup is priced at $35,067.
Living in Borup, MN
Borup, MN, is a small rural town known for its pristine landscapes and welcoming community. With a focus on outdoor recreational activities, Borup offers an ideal living environment for those seeking tranquility. Its proximity to larger cities ensures that residents enjoy both serenity and accessibility.
Current Market Conditions in Borup, MN
The real estate market in Borup is steady and traditionally stable, with a mix of residential homes and farmland properties available. Due to its small size, home prices tend to be affordable compared to larger urban areas, attracting homebuyers looking for a peaceful lifestyle.
Despite Borup's quiet atmosphere, the region has witnessed gradual growth in demand for homes, especially from families seeking a safe environment and outdoor recreational opportunities. Interest in properties with larger lots has increased, appealing to those interested in gardening or livestock.
Home Value Estimator For Borup, MN
There are currently 94 real estate properties
in Borup, MN,
with a median automated valuation model (AVM) price
of $177,781.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Borup, 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 Borup, MN,
is $274,158.00, with the most expensive house
in Borup, MN, topping out
at $3,594,001.00 and the cheapest home
in Borup, MN,
clocking in at $35,067.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Borup, MN!
Rent Prices
In Borup, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Borup, MN, is on
a rollercoaster ride. The
average rent price in Borup, MN,
is $1,173.00. Indeed, when looking to rent in
Borup, MN, you can expect to pay as little
as $860.00 or as much
as $1,880.00,
with the average rent median estimated to
be $1,060.00. The good news is that finding
an affordable and desirable property to rent in Borup, 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.
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