Living in Trail, MN
Trail, MN is a tranquil small town rich in natural beauty and outdoor activities. Ideal for those seeking a quiet lifestyle, the community is surrounded by forests and lakes, providing ample opportunities for recreation. Proximity to Bemidji offers residents additional amenities and conveniences.
Current Market Conditions in Trail, MN
The real estate market in Trail, MN, has seen a steady increase in interest due to its natural beauty and affordability compared to larger cities. Homes are being sought after by those looking for second homes, vacation retreats, and families seeking a quieter lifestyle away from urban centers. Inventory remains relatively low, which suggests a competitive market for buyers who appreciate rural living.
As of the last quarter, Trail has experienced a moderate appreciation in home prices, driven by an influx of new residents seeking value and the peaceful lifestyle that small towns like Trail offer. The demand for properties within close proximity to nature has kept the market active, positively affecting local property values.
Home Value Estimator For Trail, MN
There are currently 189 real estate properties
in Trail, MN,
with a median automated valuation model (AVM) price
of $212,400.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Trail, 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 Trail, MN,
is $272,195.00, with the most expensive house
in Trail, MN, topping out
at $857,748.00 and the cheapest home
in Trail, MN,
clocking in at $39,875.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Trail, MN!
Rent Prices
In Trail, MN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Trail, MN, is on
a rollercoaster ride. The
average rent price in Trail, MN,
is $1,161.00. Indeed, when looking to rent in
Trail, MN, you can expect to pay as little
as $520.00 or as much
as $2,260.00,
with the average rent median estimated to
be $1,110.00. The good news is that finding
an affordable and desirable property to rent in Trail, 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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