Rent to own Homes in Brooklyn Center, MN
Located directly northwest of Minneapolis, Brooklyn Center was one of the first inner-ring suburbs to pop up around the Twin Cities. Once farmland, the suburb is now home to approximately 30,000 residents in an area that covers just over 8 miles. The community is thriving and experienced a great deal of growth over the course of the past several years. Residents enjoy very short commutes into downtown Minneapolis and St. Paul and easy access to a array of restaurants, parks and other amenities.
Brooklyn Center, MN is a great place for affordable rent-to-own homes! With a median household income of over $64,023 and a median rent of $1,120, the Brooklyn Center, MN rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Brooklyn Center, MN. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Rent to own Homes in Cities Near Brooklyn Center, MN
- Anoka
- Apple Valley
- Bloomington
- Burnsville
- Cedar
- Chaska
- Circle Pines
- Columbus
- Coon Rapids
- Crystal
- Dayton
- Deephaven
- Eagan
- Eden Prairie
- Edina
- Falcon Heights
- Fridley
- Gem Lake
- Golden Valley
- Hamel
- Ham Lake
- Hanover
- Hilltop
- Hopkins
- Lauderdale
- Lexington
- Lilydale
- Lino Lakes
- Little Canada
- Long Lake
- Maple Grove
- Maplewood
- Mendota
- Minneapolis
- Minnetonka
- New Hope
- Nowthen
- Orono
- Osseo
- Plymouth
- Prior Lake
- Ramsey
- Rogers
- Shakopee
- St. Anthony
- St Paul
- Vadnais Heights
- Wayzata
- White Bear Lake
- Woodland
Neighborhoods in Brooklyn Center, MN
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55430 rent to own homesBuying a Home in Brooklyn Center, MN
Brooklyn Center, MN is seeing rapid growth and Brooklyn Center, MN's' housing market remains optimal with an average home price that is -14% below the 2024 national average. Brooklyn Center, MN is part of Hennepin county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Hennepin is 1.14% which is above the national average, which is 0.99%.
Median Home Price in Brooklyn Center, MN
Median Rent in Brooklyn Center, MN
Top 4 Reasons To Live In Brooklyn Center, MN
Indoor recreation! When cold weather strikes, many Minnesotans are tempted to hide in their houses. On occasion, they also like to emerge from their comfy basements and enjoy Brooklyn Center's many indoor recreational opportunities. The AMF Earle Browne Lanes boast an impressive 36 lanes of traditional bowling, along with a great restaurant and plenty of flat screen televisions. Residents who pay a visit to the Brooklyn Center Community Center can experience a tropical environment even if the weather outside is frightful. This facility features an indoor swimming pool and a huge water slide.
Impressive home appreciation! Now is the best time to invest in Brooklyn Center property. Home appreciation has skyrocketed in the past few years, with an impressive 9.3 percent appreciation taking place during the last 12 months. Home values have proven particularly impressive in the Humboldt Avenue area and near Shingle Creek Park. New residents who are unsure about taking on the role of homeowner may be more inclined to pursue rent to own opportunities, which are abundant in Brooklyn Center.
Low vacancy rate! Whether they reside in the Gateway Commons, the Earl Browne Apartments or one of Brooklyn Center's many single family homes, residents are flocking to this popular suburb. The vacancy rate is currently 8.13 percent, which is well below the U.S. average of 12.47 percent.
Unique dining atmosphere! Residents who live and work in the Brooklyn Center area love eating out. Several of the city's best establishments are located along Brooklyn Boulevard, with the Que Viet Village House and the 50's Grill proving especially popular. The Centennial Park neighborhood is also home to a number of excellent restaurants, including the Ocean Buffet and the 6300 Steakhouse. Although the types of cuisine served at these locations differs greatly, all offer a warm, welcoming atmosphere and an undeniable sense of camaraderie.