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Rent To Own Homes in Silver Bay, MN

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Silver Bay, MN Foreclosures

How much do homes sell for in Silver Bay, MN?
The average home price is currently $284,619.
In Silver Bay, MN, how many homes are available?
There are currently 1 active home listings available in Silver Bay.
What’s the average rental cost in Silver Bay, MN?
The average rental price in Silver Bay is $1,227.
What is the most expensive home in Silver Bay?
The most expensive home sold in Silver Bay had a price of $3,089,859.
What is currently the cheapest priced home in Silver Bay, MN?
The cheapest home for sale in Silver Bay is priced at $14,787.

Living in Silver Bay, MN

Silver Bay, MN is a delightful community on Lake Superior’s shore, offering residents a unique blend of outdoor activities and small-town living. This charming city is known for its strong community feel and easy access to beautiful natural landscapes. It’s a perfect spot for families and outdoor enthusiasts alike.

Current Market Conditions in Silver Bay, MN

The real estate market in Silver Bay is stable, with a steady demand for single-family homes, particularly among those looking for vacation properties or a peaceful retirement life. Recent trends indicate an increase in interest for homes near the waterfront, primarily due to the rising popularity of outdoor recreational activities in the area, drawing both buyers and renters.

Many homes in Silver Bay are affordable compared to larger metropolitan areas, with prices appealing to first-time home buyers and those looking for investment opportunities in scenic vacation rentals.

Home Value Estimator For Silver Bay, MN

There are currently 1,553 real estate properties in Silver Bay, MN, with a median automated valuation model (AVM) price of $188,117.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Silver Bay, 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 Silver Bay, MN, is $284,619.00, with the most expensive house in Silver Bay, MN, topping out at $3,089,859.00 and the cheapest home in Silver Bay, MN, clocking in at $14,787.00. In other words, there’s something for every potential homebuyer or savvy investor in Silver Bay, MN!

Rent Prices In Silver Bay, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Silver Bay, MN, is on a rollercoaster ride. The average rent price in Silver Bay, MN, is $1,227.00. Indeed, when looking to rent in Silver Bay, MN, you can expect to pay as little as $480.00 or as much as $2,740.00, with the average rent median estimated to be $1,150.00. The good news is that finding an affordable and desirable property to rent in Silver Bay, 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.

Silver Bay, MN Rent To Own Homes

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