Living in Lismore, MN
Lismore, Minnesota, is a quaint and comfortable small town characterized by its friendly residents and beautiful natural surroundings. The community offers essential amenities, a relaxed lifestyle, and access to outdoor activities. It’s perfect for those looking to invest in a peaceful rural setting while still enjoying small-town charm.
Current Market Conditions in Lismore, MN
The real estate market in Lismore, MN, remains stable with consistent demand, particularly among families seeking affordable housing options. With prices generally lower than in larger urban areas, investors can find opportunities that promise good returns.
Recently, there has been a noticeable trend of individuals looking to escape larger cities, favoring the peaceful environment of Lismore. This shift is driving up interest in local properties, making it a prime time for investment.
Home Value Estimator For Lismore, MN
There are currently 116 real estate properties
in Lismore, MN,
with a median automated valuation model (AVM) price
of $167,218.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Lismore, 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 Lismore, MN,
is $183,720.00, with the most expensive house
in Lismore, MN, topping out
at $555,942.00 and the cheapest home
in Lismore, MN,
clocking in at $20,165.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Lismore, MN!
Rent Prices
In Lismore, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Lismore, MN, is on
a rollercoaster ride. The
average rent price in Lismore, MN,
is $1,028.00. Indeed, when looking to rent in
Lismore, MN, you can expect to pay as little
as $570.00 or as much
as $1,850.00,
with the average rent median estimated to
be $1,030.00. The good news is that finding
an affordable and desirable property to rent in Lismore, 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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