Makinen, MN Foreclosures
How much do homes sell for in Makinen, MN?
The average home price is currently $245,914.
In Makinen, MN, how many homes are available?
There are currently 1 active home listings available in Makinen.
What’s the average rental cost in Makinen, MN?
The average rental price in Makinen is $1,159.
What is the most expensive home in Makinen?
The most expensive home sold in Makinen had a price of $991,600.
What is currently the cheapest priced home in Makinen, MN?
The cheapest home for sale in Makinen is priced at $33,858.
Living in Makinen, MN
Makinen is a small town located in St. Louis County, Minnesota. It offers a close-knit community atmosphere combined with the beauty of the North Woods. Residents enjoy easy access to outdoor recreational activities year-round, including fishing, hunting, and hiking.
Current Market Conditions in Makinen, MN
The Makinen real estate market has seen steady growth, with recent trends indicating an increase in demand for homes due to the area's natural appeal and affordability. While the market remains mostly stable, there has been a notable uptick in prices as more buyers are exploring options outside urban centers. This could point toward potential increases in property values in the coming years as more people seek a refuge in the North Woods.
In addition to residential growth, the area is witnessing the development of vacation homes, as its location is ideal for those seeking a retreat into nature. This trend signifies a changing dynamic, with both full-time residents and seasonal occupants investing in the community.
Home Value Estimator For Makinen, MN
There are currently 689 real estate properties
in Makinen, MN,
with a median automated valuation model (AVM) price
of $220,627.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Makinen, 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 Makinen, MN,
is $245,914.00, with the most expensive house
in Makinen, MN, topping out
at $991,600.00 and the cheapest home
in Makinen, MN,
clocking in at $33,858.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Makinen, MN!
Rent Prices
In Makinen, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Makinen, MN, is on
a rollercoaster ride. The
average rent price in Makinen, MN,
is $1,159.00. Indeed, when looking to rent in
Makinen, MN, you can expect to pay as little
as $500.00 or as much
as $2,080.00,
with the average rent median estimated to
be $1,140.00. The good news is that finding
an affordable and desirable property to rent in Makinen, 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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