Living in Geneva, MN
Geneva, MN is a peaceful small town that combines the charm of rural living with convenient access to urban amenities. Residents enjoy a tight-knit community, excellent outdoor activities, and reliable educational institutions. The area is perfect for those looking to escape the hustle and bustle of city life without sacrificing essential services.
Current Market Conditions in Geneva, MN
The real estate market in Geneva, MN, has shown signs of steady growth, making it an attractive option for investors looking to capitalize on the rising demand for homes in small towns. As more people seek out less congested living environments, properties in Geneva have been appreciating in value.
Current trends indicate a diverse range of homes available, from modest starter homes to more luxurious properties, catering to a variety of budgets and lifestyles. This versatility is appealing both to first-time buyers and seasoned investors.
Home Value Estimator For Geneva, MN
There are currently 189 real estate properties
in Geneva, MN,
with a median automated valuation model (AVM) price
of $216,746.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Geneva, 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 Geneva, MN,
is $223,331.00, with the most expensive house
in Geneva, MN, topping out
at $1,077,859.00 and the cheapest home
in Geneva, MN,
clocking in at $36,571.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Geneva, MN!
Rent Prices
In Geneva, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Geneva, MN, is on
a rollercoaster ride. The
average rent price in Geneva, MN,
is $1,228.00. Indeed, when looking to rent in
Geneva, MN, you can expect to pay as little
as $570.00 or as much
as $2,000.00,
with the average rent median estimated to
be $1,230.00. The good news is that finding
an affordable and desirable property to rent in Geneva, 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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