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Foreclosure Homes in Elbow Lake, MN

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Elbow Lake, MN Foreclosures

How much do homes sell for in Elbow Lake, MN?
The average home price is currently $245,522.
In Elbow Lake, MN, how many homes are available?
There are currently 6 active home listings available in Elbow Lake.
What’s the average rental cost in Elbow Lake, MN?
The average rental price in Elbow Lake is $1,214.
What is the most expensive home in Elbow Lake?
The most expensive home sold in Elbow Lake had a price of $2,333,351.
What is currently the cheapest priced home in Elbow Lake, MN?
The cheapest home for sale in Elbow Lake is priced at $20,984.

Living in Elbow Lake, MN

Elbow Lake, MN, is a picturesque small town characterized by its friendly community and abundant nature. Residents enjoy a peaceful lifestyle with excellent local amenities and outdoor recreational options. With a strong sense of community and great educational facilities, Elbow Lake is perfect for families and retirees alike.

Current Market Conditions in Elbow Lake, MN

The real estate market in Elbow Lake is characterized as stable, with a mix of affordable homes and a few higher-end properties. Recent trends show a slight increase in demand for homes due to the area's serene environment and community features. Potential buyers are finding good value in this market as it maintains a balance between small-town living and necessary amenities.

Recently, Elbow Lake has seen a rise in interest from those seeking to escape the hustle of urban areas. This market shift has led to increased home prices, but the overall cost of living remains competitive within the region.

Home Value Estimator For Elbow Lake, MN

There are currently 785 real estate properties in Elbow Lake, MN, with a median automated valuation model (AVM) price of $181,100.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Elbow Lake, 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 Elbow Lake, MN, is $245,522.00, with the most expensive house in Elbow Lake, MN, topping out at $2,333,351.00 and the cheapest home in Elbow Lake, MN, clocking in at $20,984.00. In other words, there’s something for every potential homebuyer or savvy investor in Elbow Lake, MN!

Rent Prices In Elbow Lake, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Elbow Lake, MN, is on a rollercoaster ride. The average rent price in Elbow Lake, MN, is $1,214.00. Indeed, when looking to rent in Elbow Lake, MN, you can expect to pay as little as $570.00 or as much as $2,440.00, with the average rent median estimated to be $1,140.00. The good news is that finding an affordable and desirable property to rent in Elbow Lake, 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.

Elbow Lake, MN Foreclosures

Market Trend for Elbow Lake, MN

Total Listings Available: 6

Market Values:

Home Prices from $20,984 to $2,333,351

Average Sales Price: $245,522

Rental Values:

Rental from $570 to $2,440

Average Rent Value: $1,214 / month

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