Loman, MN Foreclosures
Current Market Conditions in in Loman, MN As of January 2026?
Over the past month, Loman's real estate market has seen a slight uptick in activity, with more homes being listed and an increase in inquiries from potential buyers. The tranquility and natural beauty have sparked interest, especially in the summer months when local activities peak, indicating a possible seasonal trend in property searches.
How much do homes sell for in Loman, MN?
The average home price is currently $160,713.
In Loman, MN, how many homes are available?
There are currently 12 active home listings available in Loman.
What’s the average rental cost in Loman, MN?
The average rental price in Loman is $976.
What is the most expensive home in Loman?
The most expensive home sold in Loman had a price of $451,728.
What is currently the cheapest priced home in Loman, MN?
The cheapest home for sale in Loman is priced at $23,065.
Living in Loman, MN
Loman, MN, is a picturesque small town that offers a serene lifestyle amid stunning natural landscapes. With a supportive community and numerous outdoor activities, Loman is an ideal place for families and retirees alike. Its charm lies in its peaceful atmosphere and easy access to nearby amenities.
Buyer vs Seller Market in Loman, MN
The real estate market in Loman is relatively stable, with a focus on affordable single-family homes that attract nature enthusiasts and those seeking tranquility away from city life. Current trends indicate a modest increase in interest for properties as remote working continues to embrace rural lifestyles.
Historically, Loman's housing prices have remained low compared to urban markets. However, there has been a gentle upward movement in prices as more individuals discover the benefits of rural living, especially during the last year.
Home Value Estimator For Loman, MN
There are currently 150 real estate properties
in Loman, MN,
with a median automated valuation model (AVM) price
of $143,283.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Loman, 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 Loman, MN,
is $160,713.00, with the most expensive house
in Loman, MN, topping out
at $451,728.00 and the cheapest home
in Loman, MN,
clocking in at $23,065.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Loman, MN!
Rent Prices
In Loman, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Loman, MN, is on
a rollercoaster ride. The
average rent price in Loman, MN,
is $976.00. Indeed, when looking to rent in
Loman, MN, you can expect to pay as little
as $570.00 or as much
as $1,380.00,
with the average rent median estimated to
be $960.00. The good news is that finding
an affordable and desirable property to rent in Loman, 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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