Hector, MN Foreclosures
How much do homes sell for in Hector, MN?
The average home price is currently $389,036.
In Hector, MN, how many homes are available?
There are currently 1 active home listings available in Hector.
What’s the average rental cost in Hector, MN?
The average rental price in Hector is $1,073.
What is the most expensive home in Hector?
The most expensive home sold in Hector had a price of $3,850,043.
What is currently the cheapest priced home in Hector, MN?
The cheapest home for sale in Hector is priced at $22,310.
Living in Hector, MN
Hector, MN is a tight-knit community located in Renville County, where residents enjoy a small-town atmosphere complemented by outdoor recreational opportunities. With its friendly environment and community events year-round, it's a perfect place for families looking for a peaceful lifestyle. Hector is situated conveniently near larger cities while maintaining its charming character.
Current Market Conditions in Hector, MN
The real estate market in Hector is currently stable, with a mix of charming older homes and new constructions. Prices have remained affordable compared to nearby urban areas, making it an attractive option for first-time homebuyers and investors seeking value. The demand for homes in the lower price ranges has been steady, while higher-end properties have seen a slight increase in interest, particularly due to remote work options allowing more flexibility in housing choices.
As of late 2023, the ongoing trend has been toward gradual appreciation in home values, which reflects a growing interest in rural living, largely spurred by changing work dynamics and the search for more space and lower costs. Home buyers are considering Hector for its quality of life and community atmosphere.
Home Value Estimator For Hector, MN
There are currently 798 real estate properties
in Hector, MN,
with a median automated valuation model (AVM) price
of $199,763.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hector, 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 Hector, MN,
is $389,036.00, with the most expensive house
in Hector, MN, topping out
at $3,850,043.00 and the cheapest home
in Hector, MN,
clocking in at $22,310.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hector, MN!
Rent Prices
In Hector, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hector, MN, is on
a rollercoaster ride. The
average rent price in Hector, MN,
is $1,073.00. Indeed, when looking to rent in
Hector, MN, you can expect to pay as little
as $580.00 or as much
as $2,280.00,
with the average rent median estimated to
be $1,060.00. The good news is that finding
an affordable and desirable property to rent in Hector, 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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