Rent to own Homes in Chanhassen, MN

Look for the water tower with a giant maple leaf on it, and you'll know you've found Chanhassen, MN. The same leaf emblem appears throughout the city. Considering the city's name means "sugar tree maple" in Dakota, it's fitting that Chanhassen is full of sweet surprises that make it one of the Twin City metro area's most desirable suburbs. With great recreation and great housing, it's no wonder the population is growing. Here are four of the best reasons to call Chanhassen home.

Chanhassen, MN is a great place for affordable rent-to-own homes! With a median household income of over $124,184 and a median rent of $1,469, the Chanhassen, 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 Chanhassen, 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.