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Foreclosures in Hoffman, MN

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Hoffman, MN Foreclosures

How much do homes sell for in Hoffman, MN?
The average home price is currently $269,831.
In Hoffman, MN, how many homes are available?
There are currently 1 active home listings available in Hoffman.
What’s the average rental cost in Hoffman, MN?
The average rental price in Hoffman is $1,267.
What is the most expensive home in Hoffman?
The most expensive home sold in Hoffman had a price of $2,749,823.
What is currently the cheapest priced home in Hoffman, MN?
The cheapest home for sale in Hoffman is priced at $27,646.

Living in Hoffman, MN

Hoffman, Minnesota is a charming small town that offers a serene rural lifestyle with a strong sense of community. Surrounded by natural beauty, it provides ample opportunities for outdoor recreation such as fishing and hiking, making it ideal for those who appreciate an active lifestyle. Local amenities and friendly neighbors create a welcoming atmosphere for families and individuals alike.

Current Market Conditions in Hoffman, MN

The real estate market in Hoffman has seen a steady increase in demand recently, with homes being purchased quickly due to the town's appealing lifestyle and scenic surroundings. Buyers are attracted to the affordable pricing compared to urban areas and the spacious properties available. Inventory levels remain low, which is keeping prices stable, even as demand continues to rise, indicating a favorable market for sellers.

Home Value Estimator For Hoffman, MN

There are currently 510 real estate properties in Hoffman, MN, with a median automated valuation model (AVM) price of $219,352.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Hoffman, 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 Hoffman, MN, is $269,831.00, with the most expensive house in Hoffman, MN, topping out at $2,749,823.00 and the cheapest home in Hoffman, MN, clocking in at $27,646.00. In other words, there’s something for every potential homebuyer or savvy investor in Hoffman, MN!

Rent Prices In Hoffman, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Hoffman, MN, is on a rollercoaster ride. The average rent price in Hoffman, MN, is $1,267.00. Indeed, when looking to rent in Hoffman, MN, you can expect to pay as little as $580.00 or as much as $2,540.00, with the average rent median estimated to be $1,220.00. The good news is that finding an affordable and desirable property to rent in Hoffman, 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.

Hoffman, MN Foreclosures

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