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Updated over 2 years ago,
Affordable areas near Minneapolis?
Hello BP community, I'm a real estate investor from Indiana moving to the Minneapolis area soon. I've started my research but wondered if I could save time by finding a realtor familiar with the area. I'm in the market for a value add property in an area of Minneapolis that has a reasonable entry price. My 2 sons play hockey and lacrosse and are of High School age. For that reason we would live to find an area where they can attend a decent High School. Areas of Blaine, Spring Lake Park, St. Paul, White Bear Lake all seem to have around upper $200s to mid $300s as an average home sale price. Any other areas you would recommend?
How is the Minneapolis market right now? Has it started to cool off? I'm seeing properties purchased a few months ago relisted for $100k more with seemingly no work done to them. Seems crazy. This market is propbably a bit more competitive than my market just outside of Chicago.
Thank you,
Brian