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Foreclosures in Orono, MN

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Orono, MN Foreclosures

How much do homes sell for in Orono, MN?
The average home price is currently $1,407,817.
What’s the average rental cost in Orono, MN?
The average rental price in Orono is $3,607.
What is the most expensive home in Orono?
The most expensive home sold in Orono had a price of $4,779,233.
What is currently the cheapest priced home in Orono, MN?
The cheapest home for sale in Orono is priced at $208,300.

Living in Orono, MN

Orono, MN, is a charming lakeside community known for its excellent schools, scenic parks, and a strong sense of community. With easy access to Lake Minnetonka and a variety of outdoor activities, residents enjoy a peaceful suburban lifestyle. The proximity to the urban amenities of Minneapolis and St. Paul makes Orono an attractive location for families and professionals alike.

Current Market Conditions in Orono, MN

The Orono real estate market is currently characterized by a strong demand for homes, with properties often selling quickly due to the area's popularity. The appeal of waterfront properties on Lake Minnetonka has driven up prices, but there remain opportunities for buyers in various price ranges.

Home values in Orono have shown consistent appreciation over the past few years, driven by interest in quality schools and recreational opportunities. Buyers are particularly looking for family homes and properties with larger lots and lake access.

Home Value Estimator For Orono, MN

There are currently 58 real estate properties in Orono, MN, with a median automated valuation model (AVM) price of $1,184,429.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Orono, 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 Orono, MN, is $1,407,817.00, with the most expensive house in Orono, MN, topping out at $4,779,233.00 and the cheapest home in Orono, MN, clocking in at $208,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Orono, MN!

Rent Prices In Orono, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Orono, MN, is on a rollercoaster ride. The average rent price in Orono, MN, is $3,607.00. Indeed, when looking to rent in Orono, MN, you can expect to pay as little as $1,900.00 or as much as $4,900.00, with the average rent median estimated to be $3,540.00. The good news is that finding an affordable and desirable property to rent in Orono, 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.

Orono, MN Foreclosures

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