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Preforeclosure Homes in Orr, MN 55771

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Living in Orr, MN

Orr, Minnesota is a peaceful community known for its serene landscapes and outdoor recreational opportunities. With a close-knit community and a variety of local events, it's an ideal location for nature lovers and those seeking tranquility.

Current Market Conditions in Orr, MN

The Orr real estate market is currently stable, with a slight increase in housing prices over the last few months due to high demand for vacation homes and investment properties. Buyers are actively looking for homes near recreational areas, making it a competitive environment for sellers.

In recent months, there has been a notable trend of families relocating from urban areas to Orr, seeking a quieter lifestyle. This migration has led to an uptick in property values, making it a seller's market.

Home Value Estimator For Orr, MN

There are currently 1,271 real estate properties in Orr, MN, with a median automated valuation model (AVM) price of $229,046.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Orr, 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 Orr, MN, is $284,176.00, with the most expensive house in Orr, MN, topping out at $3,758,525.00 and the cheapest home in Orr, MN, clocking in at $18,582.00. In other words, there’s something for every potential homebuyer or savvy investor in Orr, MN!

Rent Prices In Orr, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Orr, MN, is on a rollercoaster ride. The average rent price in Orr, MN, is $1,209.00. Indeed, when looking to rent in Orr, MN, you can expect to pay as little as $460.00 or as much as $2,260.00, with the average rent median estimated to be $1,180.00. The good news is that finding an affordable and desirable property to rent in Orr, 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.

Orr, MN 55771 Preforeclosure Homes


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