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Foreclosure Homes in Independence, MN

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Independence, MN Foreclosures

How much do homes sell for in Independence, MN?
The average home price is currently $705,014.
In Independence, MN, how many homes are available?
There are currently 1 active home listings available in Independence.
What’s the average rental cost in Independence, MN?
The average rental price in Independence is $2,396.
What is the most expensive home in Independence?
The most expensive home sold in Independence had a price of $3,214,637.
What is currently the cheapest priced home in Independence, MN?
The cheapest home for sale in Independence is priced at $126,500.

Living in Independence, MN

Independence, MN, offers a peaceful suburban atmosphere combined with easy access to the vibrant Twin Cities. Known for its spacious homes and natural beauty, residents enjoy a variety of outdoor activities and a strong community spirit. With top-rated schools and essential amenities close by, it's an ideal place for families and those seeking tranquility.

Current Market Conditions in Independence, MN

Independence has been experiencing a competitive real estate market, with an increase in demand for homes due to its desirable location and quality of life. Prices have been steadily rising as buyers seek out more space and a quieter lifestyle, driving the average home price upwards.

The inventory of homes for sale has decreased, leading to multiple offers on properties and quicker sales. This trend is particularly evident in well-maintained homes and those that offer outdoor space, reflecting the current buyer preferences in post-pandemic living.

Home Value Estimator For Independence, MN

There are currently 253 real estate properties in Independence, MN, with a median automated valuation model (AVM) price of $652,764.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Independence, 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 Independence, MN, is $705,014.00, with the most expensive house in Independence, MN, topping out at $3,214,637.00 and the cheapest home in Independence, MN, clocking in at $126,500.00. In other words, there’s something for every potential homebuyer or savvy investor in Independence, MN!

Rent Prices In Independence, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Independence, MN, is on a rollercoaster ride. The average rent price in Independence, MN, is $2,396.00. Indeed, when looking to rent in Independence, MN, you can expect to pay as little as $1,200.00 or as much as $3,660.00, with the average rent median estimated to be $2,390.00. The good news is that finding an affordable and desirable property to rent in Independence, 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.

Independence, MN Foreclosures

Market Trend for Independence, MN

Total Listings Available: 1

Market Values:

Home Prices from $126,500 to $3,214,637

Average Sales Price: $705,014

Rental Values:

Rental from $1,200 to $3,660

Average Rent Value: $2,396 / month

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