Real Estate Market Update for 56425 (Baxter, MN)
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Welcome to June's Market Update,. Let’s take a look at residential real-estate activity in your area during the month of June. The number of active listings was down 10% from one year earlier, and did not change from the previous month. These latest figures mean that buyers had a more limited selection of homes to choose from compared to the same month the previous year. As you can see, the median listing price for the month was just under 200-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was up 66%. This higher number of days may signal a slowdown in the local inventory-turnover rate. The median sale price was just under 180-thousand dollars. The number of units sold increased 41% year-over-year, and increased 85% month-over-month. These figures may indicate that buyers have been taking advantage of opportunities in this market. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for 56425 (Baxter, MN)
Area Information for 56425 (Baxter, MN)
  • Population: 7,752
  • Median Age: 36.92 yr
  • Median Commute Time: 12.78 mins
  • Educational Climate*: 4
  • Sales Tax: 6.809%
  • Population Density: 409/sq mi
  • Population Change Since 2000: 30.86%
  • Closest Airport: Brainerd Lakes Regional
  • Closest College: St Johns University
  • Closest Jr. College: Central Lakes College
  • Median Household Income: $58,119
  • Annual Residential Turnover: 15.31%
  • Median Years in Residence: 4.02 yr
  • Closest Major Sports Team: Vikings
  • Change Avg. Household Income Since 2000: 19%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for 56425 (Baxter, MN)
Median Age: 36.92 Married: 39% Number of Households: 2,861 Households with Children: 1,136
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for 56425 (Baxter, MN)

      School Name Distance Type Grades GreatSchools Rating Parent Rating
      Baxter Elementary School 0.2 mi Public PRESCHOOL-4 5 3
      Forestview Middle School 0.8 mi Public 5-8 4 4
      Lake Region Christian School 2.1 mi Private PRESCHOOL-12 0 3
      Family Of Christ Lutheran School 2.4 mi Private PRESCHOOL-3 0 5
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: GreatSchools.org and Onboard Informatics © 2014
      Local Weather for 56425 (Baxter, MN)
        Community information and market data Powered by Onboard Informatics. Copyright ©2014 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.