Loman, MN Foreclosures
How much do homes sell for in Loman, MN?
The average home price is currently $167,618.
In Loman, MN, how many homes are available?
There are currently 1 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 $446,743.
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 quaint town known for its tranquil lifestyle and natural beauty. With a strong sense of community, residents enjoy outdoor activities such as fishing and hiking in the surrounding landscapes. While amenities are limited, the proximity to larger towns offers access to essential services and recreational options.
Current Market Conditions in Loman, MN
The real estate market in Loman, MN, is currently stable, with homes priced attractively for potential buyers looking for value in a peaceful environment. The limited number of homes for sale creates a unique opportunity for buyers to find comfortable homes that align with their lifestyle preferences. Recently, interest in rural properties has risen, drawing attention from those seeking to escape the hustle and bustle of larger cities.
As of now, Loman sees a steady demand for homes largely due to its affordable pricing and serene living conditions. Investors are beginning to take notice of the potential for rental properties, especially those who appreciate the beauty and tranquility of rural Minnesota.
Home Value Estimator For Loman, MN
There are currently 114 real estate properties
in Loman, MN,
with a median automated valuation model (AVM) price
of $158,491.00. 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 $167,618.00, with the most expensive house
in Loman, MN, topping out
at $446,743.00 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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