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Preforeclosure Homes in Ormsby, MN 56162

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Living in Ormsby, MN

Ormsby, MN, is a tranquil small town that boasts close community ties and beautiful natural surroundings. With essential amenities and a friendly atmosphere, it is a great location for families and retirees. The area offers plenty of recreational activities for outdoor enthusiasts.

Current Market Conditions in Ormsby, MN

The real estate market in Ormsby, MN, remains stable with moderately priced homes, making it an appealing option for first-time buyers and investors alike. Demand for housing has steadily increased due to the area's attractiveness for families looking for a peaceful lifestyle.

Recent trends indicate a growing interest in rural properties, as more people seek spacious homes and land away from crowded urban settings. This shift has led to a steady appreciation of property values within Ormsby, signaling a promising future for real estate investments.

Home Value Estimator For Ormsby, MN

There are currently 116 real estate properties in Ormsby, MN, with a median automated valuation model (AVM) price of $172,355.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Ormsby, 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 Ormsby, MN, is $368,117.00, with the most expensive house in Ormsby, MN, topping out at $3,008,968.00 and the cheapest home in Ormsby, MN, clocking in at $44,954.00. In other words, there’s something for every potential homebuyer or savvy investor in Ormsby, MN!

Rent Prices In Ormsby, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Ormsby, MN, is on a rollercoaster ride. The average rent price in Ormsby, MN, is $1,289.00. Indeed, when looking to rent in Ormsby, MN, you can expect to pay as little as $580.00 or as much as $2,360.00, with the average rent median estimated to be $1,200.00. The good news is that finding an affordable and desirable property to rent in Ormsby, 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.

Ormsby, MN 56162 Preforeclosure Homes


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