Florence, MN Foreclosures
How much do homes sell for in Florence, MN?
The average home price is currently $185,624.
What’s the average rental cost in Florence, MN?
The average rental price in Florence is $1,198.
What is the most expensive home in Florence?
The most expensive home sold in Florence had a price of $688,319.
What is currently the cheapest priced home in Florence, MN?
The cheapest home for sale in Florence is priced at $50,998.
Living in Florence, MN
Florence, MN is a quaint village offering a tranquil lifestyle surrounded by nature. With friendly neighbors, lush parks, and a strong community spirit, Florence is ideal for families and retirees alike. Its proximity to larger cities ensures access to modern amenities while preserving its rural charm.
Current Market Conditions in Florence, MN
The current real estate market in Florence shows steady demand as buyers seek affordable housing options in peaceful environments. Listings have been attracting interest, particularly among families and retirees looking for a supportive community. Prices remain relatively stable, reflecting the appeal of small-town living while still providing access to urban conveniences.
Home values over the last year have shown a modest appreciation, indicating a resilient market that is gradually gaining traction. The appeal of Florence's affordable prices compared to larger cities has drawn in new residents, contributing to the area's growth. As the demand continues to rise, homeowners can expect an increase in property values.
Home Value Estimator For Florence, MN
There are currently 13 real estate properties
in Florence, MN,
with a median automated valuation model (AVM) price
of $139,637.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Florence, 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 Florence, MN,
is $185,624.00, with the most expensive house
in Florence, MN, topping out
at $688,319.00 and the cheapest home
in Florence, MN,
clocking in at $50,998.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Florence, MN!
Rent Prices
In Florence, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Florence, MN, is on
a rollercoaster ride. The
average rent price in Florence, MN,
is $1,198.00. Indeed, when looking to rent in
Florence, MN, you can expect to pay as little
as $790.00 or as much
as $2,180.00,
with the average rent median estimated to
be $1,090.00. The good news is that finding
an affordable and desirable property to rent in Florence, 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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