Rent to own Homes in Columbia Heights, MN
A popular first-ring suburb of Minneapolis, Columbia Heights is conveniently located along University Avenue and Central Avenue. It is known for being a bustling suburb, replete with recreation and entertainment opportunities. The suburb's downtown area is home to several prominent attractions, including the Heights Theatre, the Columbia Heights Public Library and the Anoka County Neighborhood Center. Due to its many attractions and excellent public transit offerings, Columbia Heights is a rapidly growing suburb.
Columbia Heights, MN is a great place for affordable rent-to-own homes! With a median household income of over $60,778 and a median rent of $989, the Columbia Heights, 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 Columbia Heights, 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 Columbia Heights, MN
- Anoka
- Apple Valley
- Bloomington
- Burnsville
- Cedar
- Circle Pines
- Columbus
- Coon Rapids
- Crystal
- Dayton
- Deephaven
- East Bethel
- Edina
- Elko New Market
- Falcon Heights
- Fridley
- Gem Lake
- Golden Valley
- Hamel
- Ham Lake
- Hilltop
- Hopkins
- Hugo
- Lake Elmo
- Lauderdale
- Lexington
- Lilydale
- Lino Lakes
- Little Canada
- Long Lake
- Maple Grove
- Maplewood
- Mendota
- Minneapolis
- Minnetonka
- New Hope
- Oakdale
- Orono
- Osseo
- Plymouth
- Prior Lake
- Ramsey
- Rogers
- Shakopee
- St. Anthony
- St Paul
- Vadnais Heights
- Wayzata
- White Bear Lake
- Woodland
Neighborhoods in Columbia Heights, MN
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Columbia Heights, MN is seeing rapid growth and Columbia Heights, MN's' housing market remains optimal with an average home price that is -11% below the 2024 national average. Columbia Heights, MN is part of Anoka 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 Anoka is 1.01% which is above the national average, which is 0.99%.
Median Home Price in Columbia Heights, MN
Median Rent in Columbia Heights, MN
Top 5 Reasons to Live in Columbia Heights, MN
Gorgeous lakes! Several of the state's finest bodies of water can be found in Columbia Heights, which is home to Hart Lake, LaBelle Pond, Silver Lake, Highland Lake and Sullivan Lake. These lakes provide plenty of recreational opportunities for residents, with many spending their summer afternoons at the beach.
Low vacancy rate! From apartment complexes such as Parkview Villa North and the Columbia Village to rent to own homes, Columbia Heights is a popular place to live. The property vacancy rate is 8.2 percent, which is far lower than the U.S. average of 12.5 percent.
Impressive home appreciation! Home values are rising rapidly in Columbia Heights, with an average home appreciation of 10 percent over the last year. This is particularly true of households located near Kordiak Park and the small community of Hilltop.
Relive history! The Columbia Heights neighborhood boasts plenty of opportunities for entertainment and recreation. Residents are fond of the Heights Theatre, which has been in continuous operation since the 1920s. This gorgeous attraction includes antique chandeliers and a Wurlitzer pipe organ. It is conveniently located on Central Avenue, with visitors often stopping by the Dragon House or the Latin Kitchen Bar & Grill prior to movie showings.
Bond with neighbors at the annual Jamboree & Carnival! Every year, the Columbia Heights Lion's Club hosts the Jamboree & Carnival, a spectacle that features a huge parade, a beer garden and a medallion hunt. Participants are also encouraged to join the Jamboree & Carnival's popular 5K race. The majority of the Jamboree's events are held at Huset Park, which serves as a popular community recreation area throughout the year. Huset Park is also home to the John P. Murzyn Hall, which, when not used for the Jamboree coronation, is the perfect site for banquets and wedding receptions.