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Rent To Own Homes in Owatonna, MN 55060

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Owatonna, MN Foreclosures

How much do homes sell for in Owatonna, MN?
The average home price is currently $310,120.
In Owatonna, MN, how many homes are available?
There are currently 14 active home listings available in Owatonna.
What’s the average rental cost in Owatonna, MN?
The average rental price in Owatonna is $1,536.
What is the most expensive home in Owatonna?
The most expensive home sold in Owatonna had a price of $4,027,977.
What is currently the cheapest priced home in Owatonna, MN?
The cheapest home for sale in Owatonna is priced at $16,470.

Living in Owatonna, MN

Owatonna, MN is a charming city that combines historical significance with modern amenities. Known for its strong community spirit, the town offers extensive outdoor activities and highly-rated schools, making it a fantastic choice for families and individuals alike. Rich in culture, Owatonna is also home to numerous parks and annual events that celebrate local traditions.

Current Market Conditions in Owatonna, MN

The real estate market in Owatonna is currently experiencing a steady growth trend, with home prices on the rise as demand increases. The low inventory of available homes has created a competitive market for buyers, resulting in multiple offers and faster sales durations.

As interest rates remain relatively low, more buyers are looking towards Owatonna for affordable housing options compared to urban centers. This has led to an influx of new residents seeking the quality of life that Owatonna offers.

Home Value Estimator For Owatonna, MN

There are currently 9,284 real estate properties in Owatonna, MN, with a median automated valuation model (AVM) price of $287,267.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Owatonna, 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 Owatonna, MN, is $310,120.00, with the most expensive house in Owatonna, MN, topping out at $4,027,977.00 and the cheapest home in Owatonna, MN, clocking in at $16,470.00. In other words, there’s something for every potential homebuyer or savvy investor in Owatonna, MN!

Rent Prices In Owatonna, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Owatonna, MN, is on a rollercoaster ride. The average rent price in Owatonna, MN, is $1,536.00. Indeed, when looking to rent in Owatonna, MN, you can expect to pay as little as $670.00 or as much as $3,290.00, with the average rent median estimated to be $1,500.00. The good news is that finding an affordable and desirable property to rent in Owatonna, 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.

Owatonna, MN 55060 Rent To Own Homes

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