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Cheap Homes in Delano, MN

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Delano, MN Foreclosures

Current Market Conditions in in Delano, MN As of February 2026?
Over the past month, Delano's real estate market has remained competitive, with steep competition among buyers as well as a slight drop in inventory. Home prices have continued to rise, and sales activity has increased as the warmer months approach. The influx of buyers is also attributed to low mortgage rates making homeownership more appealing.
How much do homes sell for in Delano, MN?
The average home price is currently $501,959.
What’s the average rental cost in Delano, MN?
The average rental price in Delano is $1,674.
What is the most expensive home in Delano?
The most expensive home sold in Delano had a price of $6,679,914.
What is currently the cheapest priced home in Delano, MN?
The cheapest home for sale in Delano is priced at $38,913.

Living in Delano, MN

Delano, MN is a picturesque town that combines small-town charm with easy access to the Minneapolis metropolitan area. Residents enjoy a strong sense of community, local events, and beautiful outdoor spaces. With top-rated schools and a variety of amenities, Delano is an ideal place to live for families and professionals alike.

Buyer vs Seller Market in Delano, MN

The real estate market in Delano, MN is currently seeing a steady increase in demand, driven by families and individuals looking for affordable housing options in a suburban setting. Properties are selling relatively quickly, and new developments are taking shape to meet the growing demand.

Currently, home prices in Delano have increased by approximately 10% over the past year, reflecting its desirability and the limited inventory available in the market. Buyers are attracted to the town's community vibe and accessibility to larger urban areas.

Home Value Estimator For Delano, MN

There are currently 3,905 real estate properties in Delano, MN, with a median automated valuation model (AVM) price of $431,021.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Delano, 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 Delano, MN, is $501,959.00, with the most expensive house in Delano, MN, topping out at $6,679,914.00 and the cheapest home in Delano, MN, clocking in at $38,913.00. In other words, there’s something for every potential homebuyer or savvy investor in Delano, MN!

Rent Prices In Delano, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Delano, MN, is on a rollercoaster ride. The average rent price in Delano, MN, is $1,674.00. Indeed, when looking to rent in Delano, MN, you can expect to pay as little as $700.00 or as much as $2,860.00, with the average rent median estimated to be $1,640.00. The good news is that finding an affordable and desirable property to rent in Delano, 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.

Cheap Homes in Delano, MN

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