Northrop, MN Foreclosures
How much do homes sell for in Northrop, MN?
The average home price is currently $115,714.
What’s the average rental cost in Northrop, MN?
The average rental price in Northrop is $868.
What is the most expensive home in Northrop?
The most expensive home sold in Northrop had a price of $247,106.
What is currently the cheapest priced home in Northrop, MN?
The cheapest home for sale in Northrop is priced at $40,291.
Living in Northrop, MN
Northrop, MN is a friendly village in Martin County known for its strong sense of community and picturesque rural setting. With access to parks, outdoor activities, and local amenities, Northrop offers a peaceful lifestyle. Its small-town charm makes it perfect for families and those seeking tranquility.
Current Market Conditions in Northrop, MN
The current real estate market in Northrop shows modest activity, with a mix of affordable homes and few luxury listings. Buyers are attracted to this area for its affordable pricing and community feel, particularly among first-time homebuyers and those looking to downsize.
Northrop's housing market is stabilizing with a steady flow of listings and sales, albeit at a slower pace compared to urban areas. The average home price remains accessible, making it an appealing choice for families and retirees seeking a quieter lifestyle.
Home Value Estimator For Northrop, MN
There are currently 17 real estate properties
in Northrop, MN,
with a median automated valuation model (AVM) price
of $83,454.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Northrop, 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 Northrop, MN,
is $115,714.00, with the most expensive house
in Northrop, MN, topping out
at $247,106.00 and the cheapest home
in Northrop, MN,
clocking in at $40,291.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Northrop, MN!
Rent Prices
In Northrop, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Northrop, MN, is on
a rollercoaster ride. The
average rent price in Northrop, MN,
is $868.00. Indeed, when looking to rent in
Northrop, MN, you can expect to pay as little
as $510.00 or as much
as $1,190.00,
with the average rent median estimated to
be $860.00. The good news is that finding
an affordable and desirable property to rent in Northrop, 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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