c.1920 Three Bedroom Affordable MInnesota Home $45K
OHU50K Notes $45,000
This affordable Minnesota home needs work, but it has a certain appeal. The three-bedroom, one-bath home has some hardwood floors, kitchen peninsula, detached garage, and city water and sewer.
Realtor Comments
Attention visionaries! Looking for an investment opportunity? This diamond in the rough has a spacious eat in kitchen large living room and bedroom on the main floor. Two bedrooms on the second floor. Full bath, upper level. Vinyl siding. New roof in 2016. Furnace and water heater approximately 10 years old. Playpark across the street. Alley access in back yard. Previously a rental. Strong rental history. Not a foreclosure. As Is Sale.
- 3 bed
- 1 bath
- Build date 1920
If interested in a property, pleases contact the realtor whose link is provided in the post below, or contact an agent of your own choosing. Independent verification of details and status is recommended.
211 Colfax Ave NE, Hector, MN 55342 $45,000
- Contact Realtor: Maria Oman
- Google Map
- Niche
Pros
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**Affordable Living & Housing**
– Total cost of living is ~26% below the U.S. average, and ~24% below Minnesota’s average.
– Median home value is around $93–164K, and median rent is about $630–830/month — both well below national averages -
Home ownership & Stability
– Approximately 75–80% own their homes, fostering stable, well-kept neighborhoods -
Low Crime & Safety
– Violent crime is nearly zero; property crime is below state and national averages. Crime & safety are graded B+ -
Strong Community & Schools
– Tightly-knit (pop. ~1,100), with above-average public schools (grades B–B+) -
Short Commutes & Moderate Diversity
– Mean commute ~20 min; walkability and car commuting are rated B
– Diversity also scores well (B on Niche) . -
Healthy Job Market
– Employment receives a B+, with median income around $60K, and a low poverty rate (~8%)
Cons
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Stagnant or Declining Population
– Population has decreased ~3.5–4.8% in the past five years; currently around 970–1,100 -
Variable Climate
– Residents rate weather a C+ — cold winters and short springs/falls . -
Limited Amenities & Services
– Few shopping, dining, entertainment, or healthcare options within easy walking distance; vehicle use is essential -
Education Performance Gaps
– Students slightly underperform state averages in math (~42% vs 55%) and reading (~57% vs 59%) . -
Rural Feel May Limit Choice
– Sparse suburban/rural atmosphere may feel too quiet for those wanting urban energy
