Mentor, MN Foreclosures
How much do homes sell for in Mentor, MN?
The average home price is currently $448,861.
What’s the average rental cost in Mentor, MN?
The average rental price in Mentor is $1,451.
What is the most expensive home in Mentor?
The most expensive home sold in Mentor had a price of $2,006,896.
What is currently the cheapest priced home in Mentor, MN?
The cheapest home for sale in Mentor is priced at $15,329.
Living in Mentor, MN
Mentor, MN, is a tranquil community with a strong focus on family and outdoor activities. It offers a peaceful living environment while being close enough to larger cities for additional amenities. Residents appreciate the strong educational support for children, creating a nurturing atmosphere.
Current Market Conditions in Mentor, MN
The real estate market in Mentor, MN, is currently experiencing moderate growth, driven by an influx of families seeking affordable housing options. Homes in the area are competitively priced compared to neighboring towns, making it an attractive destination for real estate investors.
With a mix of single-family homes and rural properties, Mentor is ideal for those looking to invest in residential real estate. As new families move into the area, demand for housing continues to rise, indicating a strong investment opportunity.
Home Value Estimator For Mentor, MN
There are currently 978 real estate properties
in Mentor, MN,
with a median automated valuation model (AVM) price
of $408,708.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Mentor, 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 Mentor, MN,
is $448,861.00, with the most expensive house
in Mentor, MN, topping out
at $2,006,896.00 and the cheapest home
in Mentor, MN,
clocking in at $15,329.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Mentor, MN!
Rent Prices
In Mentor, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Mentor, MN, is on
a rollercoaster ride. The
average rent price in Mentor, MN,
is $1,451.00. Indeed, when looking to rent in
Mentor, MN, you can expect to pay as little
as $570.00 or as much
as $2,740.00,
with the average rent median estimated to
be $1,380.00. The good news is that finding
an affordable and desirable property to rent in Mentor, 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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