Okabena, MN Foreclosures
How much do homes sell for in Okabena, MN?
The average home price is currently $294,127.
In Okabena, MN, how many homes are available?
There are currently 11 active home listings available in Okabena.
What’s the average rental cost in Okabena, MN?
The average rental price in Okabena is $1,196.
What is the most expensive home in Okabena?
The most expensive home sold in Okabena had a price of $1,533,455.
What is currently the cheapest priced home in Okabena, MN?
The cheapest home for sale in Okabena is priced at $53,500.
Living in Okabena, MN
Okabena, MN, is a quaint, small-town gem in southwestern Minnesota, offering a serene lifestyle surrounded by beautiful landscapes. Known for its community spirit, outdoor activities, and peaceful environment, it is a perfect place for families and nature enthusiasts. The town boasts essential amenities while being close to larger towns for additional resources.
Current Market Conditions in Okabena, MN
The current real estate market in Okabena is characterized as stable, with a gradual increase in property values over the last few years. The town remains attractive to homebuyers looking for affordability and a peaceful rural setting. There has been a slight uptick in demand, particularly among first-time homebuyers and those relocating from urban areas.
Recently, there has been a noticeable interest in investment properties, as the rental market is thriving, owing to the low inventory of available housing in surrounding larger cities. Buyers are drawn to Okabena's charm and potential for rental income, leading to increased competition in specific segments of the market.
Home Value Estimator For Okabena, MN
There are currently 171 real estate properties
in Okabena, MN,
with a median automated valuation model (AVM) price
of $183,895.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Okabena, 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 Okabena, MN,
is $294,127.00, with the most expensive house
in Okabena, MN, topping out
at $1,533,455.00 and the cheapest home
in Okabena, MN,
clocking in at $53,500.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Okabena, MN!
Rent Prices
In Okabena, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Okabena, MN, is on
a rollercoaster ride. The
average rent price in Okabena, MN,
is $1,196.00. Indeed, when looking to rent in
Okabena, MN, you can expect to pay as little
as $630.00 or as much
as $2,590.00,
with the average rent median estimated to
be $1,040.00. The good news is that finding
an affordable and desirable property to rent in Okabena, 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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