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Foreclosure Homes in Federal Dam, MN 56641

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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 is a quaint town in Minnesota nestled by Leech Lake, known for its outdoor activities and serene environment. Residents enjoy a close community feel with local amenities and beautiful natural surroundings. It is an ideal location for those seeking a peaceful lifestyle with a focus on fishing, boating, and nature.

Current Market Conditions in Federal Dam, MN

The real estate market in Federal Dam has remained stable over the past year, with homes appreciating at a moderate pace. Demand for properties near Leech Lake has increased, contributing to a more competitive market.

There are currently varying opportunities for buyers in Federal Dam, with affordable starter homes becoming harder to find, while options for larger lakeside properties are in abundance.

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.

Federal Dam, MN 56641 Foreclosures


Market Trend for Federal Dam, MN

Total Listings Available: 1

Market Values:

Home Prices from $17,451 to $2,354,357

Average Sales Price: $325,424

Rental Values:

Rental from $460 to $2,770

Average Rent Value: $1,236 / month

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