Fairfax, MN Foreclosures
How much do homes sell for in Fairfax, MN?
The average home price is currently $331,270.
In Fairfax, MN, how many homes are available?
There are currently 1 active home listings available in Fairfax.
What’s the average rental cost in Fairfax, MN?
The average rental price in Fairfax is $1,213.
What is the most expensive home in Fairfax?
The most expensive home sold in Fairfax had a price of $3,822,043.
What is currently the cheapest priced home in Fairfax, MN?
The cheapest home for sale in Fairfax is priced at $14,884.
Living in Fairfax, MN
Fairfax is a charming small town located in Renville County, Minnesota, known for its close-knit community and peaceful atmosphere. Residents enjoy a rural lifestyle with access to beautiful natural parks and recreational activities. The town offers essential amenities and is conveniently located a short drive from larger cities for additional services and entertainment.
Current Market Conditions in Fairfax, MN
The real estate market in Fairfax, MN has remained relatively stable, with home prices maintaining a consistent level over recent months. The demand for housing in the area is steady due to the community's appeal as a family-friendly town and its proximity to larger urban centers.
In the past few months, there has been an increase in interest for single-family homes, as many are seeking the serenity that small-town living provides. However, inventory levels have varied, causing some buyers to act quickly when a suitable property comes on the market.
Home Value Estimator For Fairfax, MN
There are currently 686 real estate properties
in Fairfax, MN,
with a median automated valuation model (AVM) price
of $167,947.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Fairfax, 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 Fairfax, MN,
is $331,270.00, with the most expensive house
in Fairfax, MN, topping out
at $3,822,043.00 and the cheapest home
in Fairfax, MN,
clocking in at $14,884.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Fairfax, MN!
Rent Prices
In Fairfax, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Fairfax, MN, is on
a rollercoaster ride. The
average rent price in Fairfax, MN,
is $1,213.00. Indeed, when looking to rent in
Fairfax, MN, you can expect to pay as little
as $770.00 or as much
as $3,840.00,
with the average rent median estimated to
be $1,170.00. The good news is that finding
an affordable and desirable property to rent in Fairfax, 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
