Foreclosure Homes in Bovey, MN

Current Market Conditions in Bovey, MN

The real estate market in Bovey, MN, has shown steady growth over the past year, with an increase in both sales prices and the number of transactions. The average home price has risen as more people look for affordable housing options in rural areas, driven by the remote work trend.

There is a shortage of homes on the market, leading to increased competition among buyers. Many homes sell quickly, often above asking price, reflecting a strong demand that outpaces supply.

Rent Prices In Bovey, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Bovey, MN, is on a rollercoaster ride. The average rent price in Bovey, MN, is $1,289.00. Indeed, when looking to rent in Bovey, MN, you can expect to pay as little as $540.00 or as much as $2,360.00, with the average rent median estimated to be $1,250.00. The good news is that finding an affordable and desirable property to rent in Bovey, 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.