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Short Sale Listings in Rice, MN

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Living in Rice, MN

Rice, MN, is a quaint and welcoming small town known for its peaceful atmosphere and strong community ties. Located conveniently close to larger urban areas, residents enjoy a balance of rural charm and urban access. With extensive outdoor recreational options and local amenities, Rice is an ideal place for families and individuals seeking a slower pace of life.

Current Market Conditions in Rice, MN

The real estate market in Rice has been gradually warming up over the past year. There is a steady demand for homes, particularly those with larger lots that provide a rural feel. Prices have been appreciating modestly as buyers search for affordable options close to nature and urban conveniences.

With an influx of young families and retirees moving to Rice, the market has seen increased interest in single-family homes. New developments and updates to existing homes are also becoming more common as residents invest in making their homes suit their personal needs.

Home Value Estimator For Rice, MN

There are currently 3,081 real estate properties in Rice, MN, with a median automated valuation model (AVM) price of $319,497.00. 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 $377,329.00, with the most expensive house in Rice, MN, topping out at $2,367,565.00 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.

Rice, MN Short Sale Listings

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