Rent to own Homes in Burnsville, MN
Plenty of good eats! For dishes hot off the grill, try Porter Creek Hardwood Grill. For some American goodness, head over to Roasted Pear and sample their steak. Mediterranean Cruise Cafe offers a buffet every Monday and Wednesday so everyone leaves happy and full.
Burnsville, MN is a great place for affordable rent-to-own homes! With a median household income of over $76,017 and a median rent of $1,297, the Burnsville, 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 Burnsville, 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.
More Burnsville, MN Property Resources
Rent to own Homes in Cities Near Burnsville, MN
- Arden Hills
- Brooklyn Center
- Brooklyn Park
- Cannon Falls
- Chanhassen
- Columbia Heights
- Cottage Grove
- Crystal
- Deephaven
- Dennison
- Elko New Market
- Gem Lake
- Hampton
- Hastings
- Inver Grove Heights
- Lake Elmo
- Landfall
- Maplewood
- Medicine Lake
- Mendota
- Mendota Heights
- Mounds View
- New Brighton
- Newport
- New Trier
- Northfield
- North St. Paul
- Oakdale
- Prior Lake
- Randolph
- Robbinsdale
- Rosemount
- Roseville
- Shakopee
- Shoreview
- Shorewood
- South St. Paul
- St. Louis Park
- St Paul
- Saint Paul
- St. Paul Park
- Sunfish Lake
- Vadnais Heights
- Vermillion
- Wayzata
- Webster
- West St. Paul
- White Bear Lake
- Woodbury
- Woodland
Neighborhoods in Burnsville, MN
Southcross Heights rent to own homes Wood Park rent to own homes River Woods rent to own homes Burnsville Heights rent to own homes Southwind rent to own homes Parkwood South rent to own homes Vista View rent to own homes Southcross rent to own homes Southampton rent to own homes Timberland Knolls Acres rent to own homesBuying a Home in Burnsville, MN
Burnsville, MN is seeing rapid growth and Burnsville, MN's' housing market remains not optimal with an average home price that is 21% above the 2024 national average. Burnsville, MN is part of Dakota 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 Dakota is 1.02% which is above the national average, which is 0.99%.
Median Home Price in Burnsville, MN
Median Rent in Burnsville, MN
Top 14 Reasons to Live in Burnsville, MN
Location near downtown. Only 15 miles from downtown Minneapolis, Burnsville is a quick trip, especially since the construction of Interstate 35 was completed in 2000. This proximity makes it a great community with plenty of rent to own homes, but the 5.10% means there will be stiff competition.
Wetlands. The entire metro area is very rich in water. The Mississippi River, nearly two dozen lakes and wetlands, and many creeks and waterfalls exist. Most of these areas are connected; the Grand Rounds Scenic Byway and parkways through the Chain of Lakes make it easy to get around. Burnsville itself sits on the southern bank of the Minnesota River.
A cultural haven. This area draws creative people of all types and their followers for visual arts, theater music and writing. Historical theatres like the Orpheum and State are newly renovated and host Broadway shows and musical events.
Tons of theater and music venues. The area has a number of venues for cultural pursuits, like the Fitzgerald Theatre that houses the Prairie Home Companion, and the brand new riverfront Guthrie Theatre.
Great shopping. People from all over the metro area come to Burnsville to shop at Burnsville Center, a large regional mall. The famous Mall of America, with its indoor roller coaster, is only a short drive away. A median rent of $963 leaves you will a little extra for your shopping trips.
New and growing. Burnsville is a relatively new city, it has been working on building a downtown called Heart of the City, which is to be a combination of retail and condominium housing with rent to own options. Burnsville also houses the hub to the Minnesota Valley Transit Authority, which provides public transportation to six suburbs.
Outdoor recreation. Murphy-Hanrehan Park Reserve is partially located in Burnsville, as is Buck Hill, the favorite peak in the area for skiers and snowboarders. Burnsville also maintains outdoor ice skating rinks and warming houses in 13 different park locations.
Nature abounds. Wildlife in and around the Minnesota River is protected as part of the Minnesota Valley National Wildlife Refuge. The Kraemer Nature Trail is located in northern Burnsville and offers hikers a self-guided walk through the nature preserve located there.
Parks all over. If you love being out and about on the weekends. Burnsville has plenty of parks for you -- 35 to be exact. Check out Paha Sapa Park, Wolf Park Community Gardens, Acorn Park or the Bicentennial Garden.
Indoor recreation. If you prefer to get your recreation inside, Burnsville is home to a cool indoor skating rink, Skateville, and even an indoor go-kart racing track, ProKart.
Plenty of rental choices. Over 30% of the homes in Burnsville are rental properties. This means lots of variety when looking for the perfect place to call your own. Additionally, about 5% of homes in the city are vacant, which helps to keep demand and pricing low. Check out Keller Lake Drive and Rushmore Drive for rent to own houses and more.
Newer housing stock. The vast majority of Burnsville's housing units were built between 1960 and 2000, and rent to own homes are available. Younger homes typically mean fewer renovations are needed to polish up these gems. Look for newer housing near Route 13 and Portland Avenue.
Coffee. Buy a home in Burnsville and get to know the locals -- 68.01% of residents are homeowners -- over a cup of coffee at the Buzz Coffee & Cafe. Another local favorite is Jensen's Cafe.