Effie, MN Foreclosures
How much do homes sell for in Effie, MN?
The average home price is currently $201,163.
In Effie, MN, how many homes are available?
There are currently 1 active home listings available in Effie.
What’s the average rental cost in Effie, MN?
The average rental price in Effie is $1,101.
What is the most expensive home in Effie?
The most expensive home sold in Effie had a price of $1,510,079.
What is currently the cheapest priced home in Effie, MN?
The cheapest home for sale in Effie is priced at $21,663.
Living in Effie, MN
Effie, MN is a picturesque small village known for its charming community and abundant outdoor recreational opportunities. The tranquility of nature surrounds this tranquil location, making it ideal for those seeking to escape the hustle of city life. With a tight-knit community and beautiful landscapes, Effie is a hidden gem in northern Minnesota.
Current Market Conditions in Effie, MN
The real estate market in Effie, MN is currently characterized by modest growth, with an increase in interest from buyers looking for vacation homes or investment properties in natural settings. The availability of properties has been competitive, primarily due to the limited supply combined with a steady demand from buyers seeking to enjoy the rural lifestyle.
As more people prioritize spending time in nature, Effie is experiencing an uptick in real estate development, particularly in recreational and residential properties. This trend is bolstered by the area's affordability compared to urban centers, attracting both retirees and younger families looking for a peaceful retreat.
Home Value Estimator For Effie, MN
There are currently 400 real estate properties
in Effie, MN,
with a median automated valuation model (AVM) price
of $177,351.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Effie, 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 Effie, MN,
is $201,163.00, with the most expensive house
in Effie, MN, topping out
at $1,510,079.00 and the cheapest home
in Effie, MN,
clocking in at $21,663.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Effie, MN!
Rent Prices
In Effie, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Effie, MN, is on
a rollercoaster ride. The
average rent price in Effie, MN,
is $1,101.00. Indeed, when looking to rent in
Effie, MN, you can expect to pay as little
as $490.00 or as much
as $2,140.00,
with the average rent median estimated to
be $1,050.00. The good news is that finding
an affordable and desirable property to rent in Effie, 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.
Learn more on Foreclosure homes
