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Cheap Homes in Lake Shore, MN 56468

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Lake Shore, MN Foreclosures

How much do homes sell for in Lake Shore, MN?
The average home price is currently $1,005,561.
What’s the average rental cost in Lake Shore, MN?
The average rental price in Lake Shore is $1,743.
What is the most expensive home in Lake Shore?
The most expensive home sold in Lake Shore had a price of $4,499,000.
What is currently the cheapest priced home in Lake Shore, MN?
The cheapest home for sale in Lake Shore is priced at $48,356.

Living in Lake Shore, MN

Lake Shore, MN is a beautiful lakeside community that offers residents a tranquil lifestyle surrounded by natural beauty. With numerous recreational activities such as fishing, boating, and hiking, it’s a perfect spot for outdoor enthusiasts. The community's friendly atmosphere and seasonal events foster a tight-knit environment for families and individuals alike.

Current Market Conditions in Lake Shore, MN

The real estate market in Lake Shore is currently experiencing growth, with an increase in demand for waterfront properties. The area's appeal as a vacation destination continues to attract buyers, driving prices up for well-located homes.

Inventory levels are relatively low, leading to competitive bidding situations among interested buyers. Homes that are well-maintained and near the lakes often sell quickly, making it a seller's market.

Home Value Estimator For Lake Shore, MN

There are currently 627 real estate properties in Lake Shore, MN, with a median automated valuation model (AVM) price of $865,042.00. 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 Shore, 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 Shore, MN, is $1,005,561.00, with the most expensive house in Lake Shore, MN, topping out at $4,499,000.00 and the cheapest home in Lake Shore, MN, clocking in at $48,356.00. In other words, there’s something for every potential homebuyer or savvy investor in Lake Shore, MN!

Rent Prices In Lake Shore, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Lake Shore, MN, is on a rollercoaster ride. The average rent price in Lake Shore, MN, is $1,743.00. Indeed, when looking to rent in Lake Shore, MN, you can expect to pay as little as $800.00 or as much as $2,780.00, with the average rent median estimated to be $1,590.00. The good news is that finding an affordable and desirable property to rent in Lake Shore, 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.

Cheap Homes in Lake Shore, MN 56468


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