Foreclosure Homes in Mound, MN

Current Market Conditions in Mound, MN

As of late 2023, Mound's real estate market is showing signs of resilience and stability, even amidst broader economic fluctuations. Increased interest in the area due to its location on Lake Minnetonka has led to a steady influx of buyers, particularly those seeking vacation homes and year-round residences.

The market trends indicate a balance between supply and demand, with home prices remaining relatively stable compared to the past few years. Buyers are actively looking for homes with waterfront access or proximity to parks, which enhances the market competition.

Rent Prices In Mound, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Mound, MN, is on a rollercoaster ride. The average rent price in Mound, MN, is $2,196.00. Indeed, when looking to rent in Mound, MN, you can expect to pay as little as $730.00 or as much as $4,380.00, with the average rent median estimated to be $1,990.00. The good news is that finding an affordable and desirable property to rent in Mound, 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.