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Foreclosure Homes in Heron Lake, MN

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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 8 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 is a quaint town in southwestern Minnesota that offers a serene lifestyle surrounded by nature. Residents enjoy a range of outdoor activities and close community ties, making it an ideal place for families and retirees. The local amenities contribute to a convenient and pleasant living experience.

Current Market Conditions in Heron Lake, MN

The real estate market in Heron Lake has seen gradual appreciation over the past year, with a steady increase in home values due to rising demand for properties in scenic and rural settings.

Buyers looking for affordable homes in quiet neighborhoods will find Heron Lake appealing, as prices remain competitive compared to urban areas.

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.

Heron Lake, MN Foreclosures

Market Trend for Heron Lake, MN

Total Listings Available: 8

Market Values:

Home Prices from $36,281 to $6,347,240

Average Sales Price: $359,763

Rental Values:

Rental from $520 to $2,600

Average Rent Value: $1,232 / month

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