Foreclosure Homes in Merrifield, MN 56465

Current Market Conditions in Merrifield, MN

The current real estate market in Merrifield is stable, with a good balance between buyers and sellers. Homes tend to sell within a reasonable timeframe, and the town's appeal, driven by its scenic nature and community-oriented events, attracts a steady influx of new residents.

An emerging trend in the area is the increase in vacation homes due to the town's attractive lakes and recreational facilities. This growth indicates potential for investors looking for rental properties, especially during peak vacation seasons.

Rent Prices In Merrifield, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Merrifield, MN, is on a rollercoaster ride. The average rent price in Merrifield, MN, is $1,667.00. Indeed, when looking to rent in Merrifield, MN, you can expect to pay as little as $640.00 or as much as $2,280.00, with the average rent median estimated to be $1,560.00. The good news is that finding an affordable and desirable property to rent in Merrifield, 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.