Floodwood, MN Foreclosures
How much do homes sell for in Floodwood, MN?
The average home price is currently $176,207.
What’s the average rental cost in Floodwood, MN?
The average rental price in Floodwood is $1,071.
What is the most expensive home in Floodwood?
The most expensive home sold in Floodwood had a price of $1,723,207.
What is currently the cheapest priced home in Floodwood, MN?
The cheapest home for sale in Floodwood is priced at $10,022.
Living in Floodwood, MN
Floodwood, MN, is a scenic rural community surrounded by pristine Minnesota wilderness, renowned for its outdoor activities and community spirit. Residents benefit from a close-knit environment with access to local amenities and strong educational institutions. Perfect for nature lovers and those seeking a peaceful lifestyle, Floodwood provides a unique blend of tranquility and community engagement.
Current Market Conditions in Floodwood, MN
The real estate market in Floodwood, MN is relatively stable, with a modest inventory of homes and a steady demand from buyers seeking affordable, rural homes. The area is popular among retirees and families desiring a quieter lifestyle away from urban hustle. Recent trends indicate a slight increase in home prices due to limited availability, making it an appealing market for potential investors.
Many homes for sale in Floodwood are priced attractively for buyers looking for affordable housing options, coupled with a welcoming community environment. Given the beautiful landscapes and outdoor opportunities, buyers are often motivated by the location's recreational potential.
Home Value Estimator For Floodwood, MN
There are currently 977 real estate properties
in Floodwood, MN,
with a median automated valuation model (AVM) price
of $150,397.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Floodwood, 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 Floodwood, MN,
is $176,207.00, with the most expensive house
in Floodwood, MN, topping out
at $1,723,207.00 and the cheapest home
in Floodwood, MN,
clocking in at $10,022.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Floodwood, MN!
Rent Prices
In Floodwood, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Floodwood, MN, is on
a rollercoaster ride. The
average rent price in Floodwood, MN,
is $1,071.00. Indeed, when looking to rent in
Floodwood, MN, you can expect to pay as little
as $510.00 or as much
as $2,230.00,
with the average rent median estimated to
be $1,020.00. The good news is that finding
an affordable and desirable property to rent in Floodwood, 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
