Rent to own Homes in Brooklyn Park, MN
Bordering the Mississippi River, Brooklyn Park is a rather quiet but beautiful city of 76,000 in the Minneapolis-Saint Paul Metropolitan Area. Founded in the 1850s and established as a city in 1954, Brooklyn Park has 2000 acres of parkland spread over 67 parks, meaning residents of Brooklyn Park are never far from green space.
Brooklyn Park, MN is a great place for affordable rent-to-own homes! With a median household income of over $73,207 and a median rent of $1,150, the Brooklyn Park, 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 Park, 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 Park, 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 Park, MN
No neighborhoods foundPopular Zip Codes in Brooklyn Park, MN
55443 rent to own homes 55444 rent to own homes 55445 rent to own homesBuying a Home in Brooklyn Park, MN
Brooklyn Park, MN is seeing rapid growth and Brooklyn Park, MN's' housing market remains not optimal with an average home price that is 7% above the 2024 national average. Brooklyn Park, 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 Park, MN
Median Rent in Brooklyn Park, MN
Top Reasons to Live in Brooklyn Park MN
Housing Statistics Six percent of residential properties are vacant in Brooklyn Park, with 27 percent being rented (including rent to own houses) and 67 percent owned. An annual residential turnover rate of 18 percent ensures there are constantly new homes for sale. During 2012 the median sales price of a house increased steadily to $152,000 in Q4 2012, while the average listing price of a home was $188,000.
Nightlife Having to compete with nearby Minneapolis must be extremely difficult - what else could explain the dearth of nightlife in the city? Still, Brooklyn Park has a few places worth checking out. If you want a typical sports bar that serves beer and burgers, Mad Jack's Sports Cafe or Blondie's Sports Grill and Bar are both on Brooklyn Blvd and should keep you happy. Meanwhile, Mingles Lounge on Zane Ave is a great place for a night out with some friends.
Outdoor Activities If you like your outdoor activities to be more relaxing, the Brookland Golf Course and the larger Edinburgh Golf Course, which is considered to be amongst the best public courses in the country, are great places to start. Hikers and cyclists are well served with around 40 miles of trail within the city and countless more just beyond its borders. The Coon Rapids Dam Regional Park on the northwest border is one of the more interesting places to hike or cycle given its position next to the Mississippi River, although why walk when you can raft? Rafting down Mississippi River can be as relaxing or as vigorous as you like, and it's a novel way to do some birdwatching. Anglers will be glad to know there are also specially designated fishing spots in this park.
Transportation and Commutes Brooklyn Park is fairly well connected by bus routes running throughout the city, which is reflected in the fact that 4.5 percent of its resident use public transport to get to work. 80 percent of residents drive, while a further 11.3 percent carpool on a commute that takes 27 minutes on average. Plans for a light rail network, to be completed in 2018, will connect Brooklyn Park with neighboring cities. Of the major roads that run through the city, Interstate 94 is the most significant, connecting Brooklyn Park to the state capital Minneapolis with a 20 minute drive.
Local Sports One of the few things Brooklyn Park lacks is a professional or college sport team to support. Luckily Minneapolis is close enough that you can realistically attend their teams' home games on a regular basis. Football fans can cheer on the NFL's Minnesota Vikings at the Hubert H. Humphrey Metrodome, while the Minnesota Twins play Major League Baseball at Target Field and the Minnesota Timberwolves compete in the NBA at the Target Center. Not too shabby.