Lake Park, MN Foreclosures
How much do homes sell for in Lake Park, MN?
The average home price is currently $546,457.
In Lake Park, MN, how many homes are available?
There are currently 1 active home listings available in Lake Park.
What’s the average rental cost in Lake Park, MN?
The average rental price in Lake Park is $1,725.
What is the most expensive home in Lake Park?
The most expensive home sold in Lake Park had a price of $8,381,509.
What is currently the cheapest priced home in Lake Park, MN?
The cheapest home for sale in Lake Park is priced at $19,226.
Living in Lake Park, MN
Lake Park, MN, is a delightful small town that offers a tranquil lifestyle surrounded by nature. Known for its welcoming community and outdoor recreational activities, it provides residents with a perfect balance of relaxation and small-town charm. With access to quality schools and nearby lakes, Lake Park is an ideal place for families.
Current Market Conditions in Lake Park, MN
The real estate market in Lake Park, MN, shows a healthy balance of supply and demand, making it an attractive location for homebuyers and investors alike. Recent trends indicate prices are stabilizing, as more people seek the peaceful lifestyle offered by small towns, particularly after the pandemic.
Housing inventory in Lake Park is relatively low, which has put upward pressure on home prices. However, homes that are well-maintained and offer quality amenities are still selling within a reasonable timeframe. This indicates sustained interest in the area from buyers, and properties are often receiving multiple offers.
Home Value Estimator For Lake Park, MN
There are currently 1,644 real estate properties
in Lake Park, MN,
with a median automated valuation model (AVM) price
of $469,568.00. 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 Park, 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 Park, MN,
is $546,457.00, with the most expensive house
in Lake Park, MN, topping out
at $8,381,509.00 and the cheapest home
in Lake Park, MN,
clocking in at $19,226.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lake Park, MN!
Rent Prices
In Lake Park, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lake Park, MN, is on
a rollercoaster ride. The
average rent price in Lake Park, MN,
is $1,725.00. Indeed, when looking to rent in
Lake Park, MN, you can expect to pay as little
as $580.00 or as much
as $2,920.00,
with the average rent median estimated to
be $1,700.00. The good news is that finding
an affordable and desirable property to rent in Lake Park, 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
