Elgin, MN Foreclosures
How much do homes sell for in Elgin, MN?
The average home price is currently $423,905.
In Elgin, MN, how many homes are available?
There are currently 1 active home listings available in Elgin.
What’s the average rental cost in Elgin, MN?
The average rental price in Elgin is $1,672.
What is the most expensive home in Elgin?
The most expensive home sold in Elgin had a price of $2,237,218.
What is currently the cheapest priced home in Elgin, MN?
The cheapest home for sale in Elgin is priced at $38,367.
Living in Elgin, MN
Elgin, Minnesota, is a charming small town located in the heart of the state. Known for its friendly community and vibrant local events, Elgin offers a peaceful environment ideal for families and retirees alike. The town features beautiful parks, local shops, and restaurants, providing a taste of small-town charm with easy access to larger cities like Rochester.
Current Market Conditions in Elgin, MN
The real estate market in Elgin, MN, is currently exhibiting a strong upward trend, with home prices stabilizing and demand increasing. This vibrant market is characterized by a mix of traditional family homes and a few newer constructions, attracting buyers looking for affordability combined with community charm.
Buyer interest has been notable in the last few months as many families are drawn to Elgin's community feel and quality schools. Inventory is limited, so properties often see quick sales, making Elgin an attractive option for those looking to put down roots in a friendly environment.
Home Value Estimator For Elgin, MN
There are currently 771 real estate properties
in Elgin, MN,
with a median automated valuation model (AVM) price
of $325,846.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Elgin, 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 Elgin, MN,
is $423,905.00, with the most expensive house
in Elgin, MN, topping out
at $2,237,218.00 and the cheapest home
in Elgin, MN,
clocking in at $38,367.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Elgin, MN!
Rent Prices
In Elgin, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Elgin, MN, is on
a rollercoaster ride. The
average rent price in Elgin, MN,
is $1,672.00. Indeed, when looking to rent in
Elgin, MN, you can expect to pay as little
as $780.00 or as much
as $3,340.00,
with the average rent median estimated to
be $1,650.00. The good news is that finding
an affordable and desirable property to rent in Elgin, 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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