Living in Hendrum, MN
Hendrum, MN, is a charming small town known for its welcoming community and rich natural surroundings. With plenty of outdoor activities and essential local services, it offers a perfect blend of rural living and convenience. Experience a slower pace of life in this beautiful corner of Minnesota.
Current Market Conditions in Hendrum, MN
The real estate market in Hendrum, MN, has shown steady growth in recent years, with a demand for homes that cater to families and retirees alike. The prices in the area are comparatively affordable, making it an attractive option for first-time homebuyers and investors looking for rental properties.
Current trends indicate a growing interest in rural living, as more people seek the tranquility of small-town life. As the surrounding areas continue to develop, it is expected that home values in Hendrum will appreciate, providing potential strong returns for real estate investments.
Home Value Estimator For Hendrum, MN
There are currently 129 real estate properties
in Hendrum, MN,
with a median automated valuation model (AVM) price
of $152,432.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hendrum, 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 Hendrum, MN,
is $171,807.00, with the most expensive house
in Hendrum, MN, topping out
at $789,797.00 and the cheapest home
in Hendrum, MN,
clocking in at $12,586.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hendrum, MN!
Rent Prices
In Hendrum, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hendrum, MN, is on
a rollercoaster ride. The
average rent price in Hendrum, MN,
is $1,081.00. Indeed, when looking to rent in
Hendrum, MN, you can expect to pay as little
as $690.00 or as much
as $1,990.00,
with the average rent median estimated to
be $1,050.00. The good news is that finding
an affordable and desirable property to rent in Hendrum, 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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