Rice, MN Foreclosures
How much do homes sell for in Rice, MN?
The average home price is currently $377,998.
In Rice, MN, how many homes are available?
There are currently 10 active home listings available in Rice.
What’s the average rental cost in Rice, MN?
The average rental price in Rice is $1,580.
What is the most expensive home in Rice?
The most expensive home sold in Rice had a price of $2,470,814.
What is currently the cheapest priced home in Rice, MN?
The cheapest home for sale in Rice is priced at $17,865.
Living in Rice, MN
Rice, Minnesota, is a charming small town located in Benton County, offering a peaceful suburban lifestyle with a strong sense of community. It is well-connected to nearby larger cities, making it an ideal location for families and professionals. Residents enjoy outdoor activities, friendly neighbors, and a range of local amenities.
Current Market Conditions in Rice, MN
The current real estate market in Rice, MN, shows a steady increase in home values, influenced by the growing demand for housing in suburban areas. With a mix of traditional single-family homes and newer developments, buyers have a variety of options. The market remains competitive as more people seek the peaceful lifestyle that Rice offers, leading to a decrease in available inventory and an increase in sales prices.
In the past year, the Rice area has experienced a significant boost in market activity, spurred by low-interest rates and an increasing number of remote workers looking for greater living space and access to nature. The trend of rising home prices has continued as more buyers are taking advantage of current market conditions, leading to a strong community appeal in the housing sector.
Home Value Estimator For Rice, MN
There are currently 3,080 real estate properties
in Rice, MN,
with a median automated valuation model (AVM) price
of $319,238.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Rice, 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 Rice, MN,
is $377,998.00, with the most expensive house
in Rice, MN, topping out
at $2,470,814.00 and the cheapest home
in Rice, MN,
clocking in at $17,865.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Rice, MN!
Rent Prices
In Rice, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Rice, MN, is on
a rollercoaster ride. The
average rent price in Rice, MN,
is $1,580.00. Indeed, when looking to rent in
Rice, MN, you can expect to pay as little
as $480.00 or as much
as $3,320.00,
with the average rent median estimated to
be $1,550.00. The good news is that finding
an affordable and desirable property to rent in Rice, 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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