Heron Lake, MN Foreclosures
How much do homes sell for in Heron Lake, MN?
The average home price is currently $359,763.
In Heron Lake, MN, how many homes are available?
There are currently 10 active home listings available in Heron Lake.
What’s the average rental cost in Heron Lake, MN?
The average rental price in Heron Lake is $1,232.
What is the most expensive home in Heron Lake?
The most expensive home sold in Heron Lake had a price of $6,347,240.
What is currently the cheapest priced home in Heron Lake, MN?
The cheapest home for sale in Heron Lake is priced at $36,281.
Living in Heron Lake, MN
Heron Lake, MN is a quaint, family-friendly town surrounded by beautiful natural landscapes. Residents enjoy easy access to outdoor activities such as fishing and hiking, alongside a tight-knit community atmosphere. With basic amenities and proximity to larger towns, it offers a perfect blend of rural charm and convenience.
Current Market Conditions in Heron Lake, MN
The real estate market in Heron Lake is relatively stable, with a mix of affordable homes and more upscale properties available. The community's serene environment and low cost of living are attracting new residents looking for peaceful rural life. As a result, the demand for homes continues to grow, especially among retirees and families seeking spacious living environments.
In recent months, home prices have shown a modest increase, indicating a healthy market. Buyers are encouraged to act quickly when they find suitable properties, as homes in this area tend to sell fast due to limited inventory.
Home Value Estimator For Heron Lake, MN
There are currently 502 real estate properties
in Heron Lake, MN,
with a median automated valuation model (AVM) price
of $188,432.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Heron Lake, 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 Heron Lake, MN,
is $359,763.00, with the most expensive house
in Heron Lake, MN, topping out
at $6,347,240.00 and the cheapest home
in Heron Lake, MN,
clocking in at $36,281.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Heron Lake, MN!
Rent Prices
In Heron Lake, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Heron Lake, MN, is on
a rollercoaster ride. The
average rent price in Heron Lake, MN,
is $1,232.00. Indeed, when looking to rent in
Heron Lake, MN, you can expect to pay as little
as $520.00 or as much
as $2,600.00,
with the average rent median estimated to
be $1,110.00. The good news is that finding
an affordable and desirable property to rent in Heron Lake, 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
