Borup, MN Foreclosures
How much do homes sell for in Borup, MN?
The average home price is currently $220,124.
In Borup, MN, how many homes are available?
There are currently 7 active home listings available in Borup.
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 $1,348,702.
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, Minnesota, is a quaint village offering a peaceful rural lifestyle with a tight-knit community feel. It's perfect for families and individuals seeking a slower pace of life, yet it remains conveniently close to larger towns for added amenities. The area boasts numerous outdoor recreation opportunities, making it an ideal location for nature lovers.
Current Market Conditions in Borup, MN
The real estate market in Borup, MN is characterized by an abundance of affordable housing options, particularly for first-time homebuyers. As of recent analyses, the market has shown a steady increase in home values driven by low inventory and increased demand from buyers seeking rural properties. The market remains competitive, with properties selling quickly, indicating a healthy interest in the area.
Many buyers are drawn to Borup not just for its affordability, but also for the lifestyle it offers. As more individuals and families seek refuge from crowded cities, the demand for homes in Borup has solidified its reputation as a desirable location, leading to a gradual appreciation in home prices.
Home Value Estimator For Borup, MN
There are currently 76 real estate properties
in Borup, MN,
with a median automated valuation model (AVM) price
of $161,179.00. 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 $220,124.00, with the most expensive house
in Borup, MN, topping out
at $1,348,702.00 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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