Rent to own Homes in Coon Rapids, MN
Coon Rapids is a suburb of Minneapolis and is home to around 60,000 people. You might remember seeing it in the movie "Mighty Ducks," which was filmed in the old ice arena! The people of Coon Rapids love to hold pageants and festivals, so you can join in the fun all year round. The Bunker Hills Golf Course and Water Park offer great recreational distractions, and the North Star Commuter Rail Station offers quick and easy access into Minneapolis.
Coon Rapids, MN is a great place for affordable rent-to-own homes! With a median household income of over $76,169 and a median rent of $1,208, the Coon Rapids, 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 Coon Rapids, 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 Coon Rapids, MN Property Resources
Rent to own Homes in Cities Near Coon Rapids, 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 Coon Rapids, MN
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Coon Rapids, MN is seeing rapid growth and Coon Rapids, MN's' housing market remains optimal with an average home price that is -1% below the 2024 national average. Coon Rapids, 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 Coon Rapids, MN
Median Rent in Coon Rapids, MN
Top Reasons to Live in Coon Rapids, MN
Housing Statistics If you're looking for a home sale, housing in Coon Rapids is abundant. Rent to own homes are available, as are rentals and traditional for-sale homes. The mean home value is around $151,100, up 3% from last quarter. The number of listings is on the rise, currently at 175,000. With a vacancy rate of 1.1%, it's not easy to find a home here, but home resale inventories have increased by 10% since July 2013. The annual residential turnover is 12.59%.
Largest Employers The government of Coon Rapids is invested in the city's economic development. Around 20% of the population works in professional occupations, 30% in Sales and Office jobs and 15% in Production, Transportation and Material Moving. Honeywell and Medtronic are two of the largest employers and small, family-owned businesses account for the rest.
Weather The weather is very cold in Coon Rapids, so be prepared! With 46 inches of annual snowfall, it can be an adjustment for some people. The northern location also has its perks, though. Summers tend to be mild and pleasant, with yearly highs of mid-70s F occurring in July.
Tourist Attractions In Coon Rapids itself, residents love to play golf at the Bunker Hills Golf Club, which has hosted the PGA Senior Tour and the Coldwell Bankers Burnet Senior Classic! The Bunker Hills Regional Park also has lots to offer and is home to the Anoka County Wave Pool. It's a great place to escape the mayhem of downtown living but still maintain access to all the city has to offer. The Bunker Beach Water Park is also a huge attraction in the city. There are several great festivals and fairs that take place in Minneapolis - most notably the Renaissance Festival and the Minnesota State Fair!
Transportation Known as the area's "gateway to the northern suburbs," Coon Rapids has a Northstar train that provides easy access to downtown Minneapolis and many other areas in the region. Three of the main highways in Coon Rapids are U.S. Route 10 and Minnesota State Highways 47 and 610.