Leota, MN Foreclosures
How much do homes sell for in Leota, MN?
The average home price is currently $157,771.
In Leota, MN, how many homes are available?
There are currently 15 active home listings available in Leota.
What’s the average rental cost in Leota, MN?
The average rental price in Leota is $1,104.
What is the most expensive home in Leota?
The most expensive home sold in Leota had a price of $377,933.
What is currently the cheapest priced home in Leota, MN?
The cheapest home for sale in Leota is priced at $66,366.
Living in Leota, MN
Leota is a small town located in Nobles County, Minnesota, offering a peaceful rural atmosphere with a strong sense of community. It features beautiful natural surroundings, low housing costs, and excellent access to outdoor activities. Residents enjoy a friendly small-town vibe, making it a great place to settle down.
Current Market Conditions in Leota, MN
The real estate market in Leota, MN, reflects the trends commonly seen in rural communities across the Midwest, with home prices remaining relatively low and stable. As demand for rural properties has increased post-pandemic, Leota is becoming an appealing option for buyers looking for affordable housing away from urban centers.
Activity in the local real estate market has also seen steady growth, particularly among first-time homebuyers and retirees seeking to relocate to more tranquil settings. This growing interest could lead to a gradual increase in property values over time, especially for well-maintained homes.
Home Value Estimator For Leota, MN
There are currently 94 real estate properties
in Leota, MN,
with a median automated valuation model (AVM) price
of $148,081.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Leota, 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 Leota, MN,
is $157,771.00, with the most expensive house
in Leota, MN, topping out
at $377,933.00 and the cheapest home
in Leota, MN,
clocking in at $66,366.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Leota, MN!
Rent Prices
In Leota, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Leota, MN, is on
a rollercoaster ride. The
average rent price in Leota, MN,
is $1,104.00. Indeed, when looking to rent in
Leota, MN, you can expect to pay as little
as $790.00 or as much
as $1,480.00,
with the average rent median estimated to
be $1,060.00. The good news is that finding
an affordable and desirable property to rent in Leota, 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.
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