Living in Dennison, MN
Dennison, MN is a quaint rural community known for its peaceful living and scenic landscapes. With friendly neighbors and a close-knit environment, it’s perfect for those looking for a blend of tranquility and community. The town boasts a selection of outdoor activities and essential amenities, ideal for families and individuals alike.
Current Market Conditions in Dennison, MN
The current real estate market in Dennison, MN is experiencing a steady demand for housing, largely due to its attractive rural lifestyle. Properties in the area have been well-maintained, and buyers are drawn to the affordable prices compared to nearby larger towns. With a growing interest in rural living, the market is expected to stabilize as more people seek homes that offer peace and community.
In the past few months, housing inventory has remained relatively low, contributing to home prices edging upward as competition between buyers increases. As more buyers look to escape urban areas for quieter lifestyles, Dennison has become increasingly appealing.
Home Value Estimator For Dennison, MN
There are currently 280 real estate properties
in Dennison, MN,
with a median automated valuation model (AVM) price
of $404,038.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Dennison, 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 Dennison, MN,
is $469,375.00, with the most expensive house
in Dennison, MN, topping out
at $6,583,803.00 and the cheapest home
in Dennison, MN,
clocking in at $25,829.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Dennison, MN!
Rent Prices
In Dennison, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Dennison, MN, is on
a rollercoaster ride. The
average rent price in Dennison, MN,
is $1,705.00. Indeed, when looking to rent in
Dennison, MN, you can expect to pay as little
as $930.00 or as much
as $3,220.00,
with the average rent median estimated to
be $1,690.00. The good news is that finding
an affordable and desirable property to rent in Dennison, 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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