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There are quite a few homes under $50k in Minnesota, believe it or not.

Yes, most of the list are fixer uppers, but I made sure to go through and pick out the ones that had the most potential or at least the ones that weren't listed as a "tear down" or "enter at your own risk."

6. 320 Main St S
Hadley, MN

Maike Houser-Jana Reilly Home TeamKeller Williams Preferred Realty
Maike Houser-Jana Reilly Home Team Keller Williams Preferred Realty
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Built in 1953, this home has 1,092 square feet with 2 bedrooms and one bath.

Maike Houser-Jana Reilly Home TeamKeller Williams Preferred Realty
Maike Houser-Jana Reilly Home Team Keller Williams Preferred Realty
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The listing calls it a fixer-upper property surrounded by the beautiful Summit Lake. "With a little TLC, you can unlock the hidden value of this property and enjoy the rewards." It's listed at $40,000.

Maike Houser-Jana Reilly Home TeamKeller Williams Preferred Realty
Maike Houser-Jana Reilly Home Team Keller Williams Preferred Realty
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5. 125 N Podoll St
Appleton, MN

Rachel Kay Orsten Legacy Land & Home
Rachel Kay Orsten
Legacy Land & Home
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The listing calls it an investment opportunity on the edge of town!

Rachel Kay Orsten Legacy Land & Home
Rachel Kay Orsten Legacy Land & Home
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Built in 1948, the house is listed at $35,999.

Rachel Kay Orsten Legacy Land & Home
Rachel Kay Orsten Legacy Land & Home
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The home is 725 square feet with 2 bedrooms and one bath.

Rachel Kay Orsten Legacy Land & Home
Rachel Kay Orsten Legacy Land & Home
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4. 445 Poplar Ave W
Greenbush, MN

Jordan Kofstad USA Realty
Jordan Kofstad
USA Realty
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It's a 4 bedroom, 2 bath manufactured home with a detached garage.

Jordan Kofstad USA Realty
Jordan Kofstad
USA Realty
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The listing says that it has new siding and new shingles on the addition. It could be yours for just $35,000.

Jordan Kofstad USA Realty
Jordan Kofstad
USA Realty
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3. 365 Centre St W
Vesta, MN

Valerie Jean StephensKerkhoff Auction & Real Estate
Valerie Jean StephensKerkhoff Auction & Real Estate
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This 1905 build features 800 square feet with 3 bedrooms and one bath.

Valerie Jean StephensKerkhoff Auction & Real Estate
Valerie Jean StephensKerkhoff Auction & Real Estate
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The listing agent calls it handyman special. It's listed at $29,900.

Valerie Jean StephensKerkhoff Auction & Real Estate
Valerie Jean StephensKerkhoff Auction & Real Estate
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2. 50xx Banyan Dr
Garrison, MN

Gregory W Lawrence HomeAvenue Inc
Gregory W Lawrence HomeAvenue Inc
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This one is kind of cool! It's a newly built 384 square foot cabin that's framed out, insulated, and ready for you to finish.

Gregory W Lawrence HomeAvenue Inc
Gregory W Lawrence HomeAvenue Inc
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It has a fairly large lot - 0.67 acres and listed at $25,000.

Also See: Minnesota's Most Expensive House has a Private Penninsula.

1. 412 Westfall St
Beardsly, MN

Jonathan Hartman Shady Oak Realty
Jonathan Hartman Shady Oak Realty
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This 1899 build is currently the most affordable house on the market. It's definitely a fixer upper and in need of a new roof among other things. BUT, it's listed at just $22,500.

Jonathan Hartman Shady Oak Realty
Jonathan Hartman Shady Oak Realty
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It's 640 square feet with one bedroom, one bath, and a detached one car garage.

Jonathan Hartman Shady Oak Realty
Jonathan Hartman Shady Oak Realty
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Unfortunately, most of these are nowhere near Rochester, so I went through and found the most affordable houses in Rochester as well.

1611 3rd ST NE
2 bed, 1 bath
576 square feet
Listed at $197,000

Daniel Kingsley eXp Realty
Daniel Kingsley
eXp Realty
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6807 Meadowbrook St SE
3 bed, 1 bath
1,267 square feet
$179,900

Nikki MillerEdina Realty, Inc.
Nikki Miller Edina Realty, Inc.
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725 7th ST NW
2 bed, 1 bath
796 square feet
$174,900

Gunnar Grimsrud Realty Growth Inc.
Gunnar Grimsrud
Realty Growth Inc.
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827 9th Ave SE
1 bed, 1 bath
396 square feet
$169,900

Carrie Brand Keller Williams Premier Realty
Carrie Brand
Keller Williams Premier Realty
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There's A Big Reason An 887-Square-Foot Duluth Home Listed For $814,600

Recently, a Duluth home went on the market for $814,600. What was interesting was that the 2 bedroom, 1 bath home was 887 square feet. That translates to $918 per square foot.

Realtor.com says the median listing home price in Minneapolis, Minnesota was $325K in October 2023. The median listing home price per square foot was $235.

According to the National Association of Realtors, in March 2022, the average price per square foot of a home was $244, while the median price per square foot was $202.

Based on those figures, it would be fair to wonder why this property was listed significantly higher. It turns out, there is one big reason why, which you'll see as you take a look through the property.

Gallery Credit: David Drew

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