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Foreclosure Homes in Lake City, MN

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Lake City, MN Foreclosures

How much do homes sell for in Lake City, MN?
The average home price is currently $397,872.
In Lake City, MN, how many homes are available?
There are currently 10 active home listings available in Lake City.
What’s the average rental cost in Lake City, MN?
The average rental price in Lake City is $1,643.
What is the most expensive home in Lake City?
The most expensive home sold in Lake City had a price of $9,588,700.
What is currently the cheapest priced home in Lake City, MN?
The cheapest home for sale in Lake City is priced at $11,266.

Living in Lake City, MN

Lake City, MN, is a picturesque town that sits along the shores of Lake Pepin. Known for its beautiful scenery and robust outdoor activities, it offers residents friendly neighborhoods and a variety of local amenities. Lake City's vibrant downtown area and annual community events make it a desirable place to live.

Current Market Conditions in Lake City, MN

The real estate market in Lake City has shown resilience and growth in recent months, reflecting an overall trend of increasing property values in the region. With a mix of family homes, lakefront properties, and investment opportunities, buyers find diverse choices in this community.

There has been a steady demand for housing, driven partly by the area's natural beauty and the lifestyle it offers. As more people look towards less urbanized areas for homeownership, Lake City is becoming increasingly attractive for those seeking a retreat from city life.

Home Value Estimator For Lake City, MN

There are currently 3,815 real estate properties in Lake City, MN, with a median automated valuation model (AVM) price of $308,818.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Lake City, 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 Lake City, MN, is $397,872.00, with the most expensive house in Lake City, MN, topping out at $9,588,700.00 and the cheapest home in Lake City, MN, clocking in at $11,266.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake City, MN!

Rent Prices In Lake City, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake City, MN, is on a rollercoaster ride. The average rent price in Lake City, MN, is $1,643.00. Indeed, when looking to rent in Lake City, MN, you can expect to pay as little as $560.00 or as much as $4,160.00, with the average rent median estimated to be $1,570.00. The good news is that finding an affordable and desirable property to rent in Lake City, 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.

Lake City, MN Foreclosures

Market Trend for Lake City, MN

Total Listings Available: 10

Market Values:

Home Prices from $11,266 to $9,588,700

Average Sales Price: $397,872

Rental Values:

Rental from $560 to $4,160

Average Rent Value: $1,643 / month

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