Federal Dam, MN Foreclosures
How much do homes sell for in Federal Dam, MN?
The average home price is currently $325,424.
In Federal Dam, MN, how many homes are available?
There are currently 1 active home listings available in Federal Dam.
What’s the average rental cost in Federal Dam, MN?
The average rental price in Federal Dam is $1,236.
What is the most expensive home in Federal Dam?
The most expensive home sold in Federal Dam had a price of $2,354,357.
What is currently the cheapest priced home in Federal Dam, MN?
The cheapest home for sale in Federal Dam is priced at $17,451.
Living in Federal Dam, MN
Federal Dam, MN is a charming community nestled near Leech Lake, offering residents a tranquil lifestyle surrounded by nature. With an abundance of outdoor recreational opportunities and a tight-knit community atmosphere, it’s a great place to call home. Residents enjoy easy access to lakes, forests, and all the amenities necessary for comfortable living.
Current Market Conditions in Federal Dam, MN
The real estate market in Federal Dam, MN has been steady, showing a consistent demand for homes, particularly those near the waterfront or with scenic views. Prices have been relatively stable, with moderate appreciation in certain areas where buyers are seeking vacation homes as well as primary residences. This trademark steady demand is indicative of the area’s appeal for both investors and families looking for serene surroundings.
The market is characterized by a mix of single-family homes, seasonal cabins, and some commercial properties, providing diverse investment opportunities. The presence of nearby recreational activities contributes positively to home values, making it an appealing location for both buyers and renters.
Home Value Estimator For Federal Dam, MN
There are currently 266 real estate properties
in Federal Dam, MN,
with a median automated valuation model (AVM) price
of $276,081.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Federal Dam, 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 Federal Dam, MN,
is $325,424.00, with the most expensive house
in Federal Dam, MN, topping out
at $2,354,357.00 and the cheapest home
in Federal Dam, MN,
clocking in at $17,451.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Federal Dam, MN!
Rent Prices
In Federal Dam, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Federal Dam, MN, is on
a rollercoaster ride. The
average rent price in Federal Dam, MN,
is $1,236.00. Indeed, when looking to rent in
Federal Dam, MN, you can expect to pay as little
as $460.00 or as much
as $2,770.00,
with the average rent median estimated to
be $1,270.00. The good news is that finding
an affordable and desirable property to rent in Federal Dam, 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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