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Cheap Homes in Effie, MN

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Effie, MN Foreclosures

How much do homes sell for in Effie, MN?
The average home price is currently $201,745.
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 $1,376,602.
What is currently the cheapest priced home in Effie, MN?
The cheapest home for sale in Effie is priced at $21,544.

Living in Effie, MN

Effie, MN is a charming small town nestled in Minnesota's natural beauty, offering a blend of tranquility and outdoor recreation. With easy access to lakes and forests, it's perfect for those who enjoy fishing, hiking, and snowmobiling. The community promotes a friendly atmosphere, making it an ideal place for families and retirees alike.

Current Market Conditions in Effie, MN

Located in a region characterized by low inventory, the real estate market in Effie is currently encouraging for buyers seeking to invest in peaceful properties. The demand for homes has been moderately stable, with an increasing interest from individuals looking for vacation homes or retirement properties.

Effie's market trends indicate a steady appreciation in home values, largely due to its scenic location and outdoor lifestyle appeal. The area has seen a gradual increase in both new constructions and renovations of existing homes, reflecting a growing interest in the area.

Home Value Estimator For Effie, MN

There are currently 402 real estate properties in Effie, MN, with a median automated valuation model (AVM) price of $177,692.00. 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 $201,745.00, with the most expensive house in Effie, MN, topping out at $1,376,602.00 and the cheapest home in Effie, MN, clocking in at $21,544.00. 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.

Cheap Homes in Effie, MN


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