Rent to own Homes in Cottage Grove, MN
Cottage Grove boasts a location within easy commuting distance to the Twin Cities and its wealth of career opportunities. The region is also rich in cultural opportunities such as theater and historical exhibits. Still, this small town manages to be the type of community where neighbors know each other and newcomers are most certainly welcome. The city even sponsors activities such as archery, ice dancing and youth baseball.
Cottage Grove, MN is a great place for affordable rent-to-own homes! With a median household income of over $102,600 and a median rent of $1,470, the Cottage Grove, 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 Cottage Grove, 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 Cottage Grove, MN
- Anoka
- Apple Valley
- Bloomington
- Burnsville
- Circle Pines
- Coates
- Columbus
- Coon Rapids
- Cottage Grove
- Crystal
- Eagan
- East Bethel
- Eden Prairie
- Edina
- Falcon Heights
- Farmington
- Fridley
- Gem Lake
- Golden Valley
- Ham Lake
- Hilltop
- Hopkins
- Houlton
- Hudson
- Hugo
- Lake Elmo
- Lakeville
- Lauderdale
- Lexington
- Lilydale
- Lino Lakes
- Little Canada
- Maple Grove
- Maplewood
- Mendota
- Minneapolis
- Minnetonka
- New Hope
- Oakdale
- Oak Park Heights
- Osseo
- Plymouth
- Prior Lake
- Richfield
- Savage
- Shakopee
- St. Anthony
- St Paul
- Vadnais Heights
- White Bear Lake
Neighborhoods in Cottage Grove, MN
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55016 rent to own homesBuying a Home in Cottage Grove, MN
Cottage Grove, MN is seeing rapid growth and Cottage Grove, MN's' housing market remains not optimal with an average home price that is 20% above the 2024 national average. Cottage Grove, MN is part of Washington 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 Washington is 0.96% which is below the national average, which is 0.99%.
Median Home Price in Cottage Grove, MN
Median Rent in Cottage Grove, MN
Top 6 Reasons to Live in Cottage Grove, MN
A network of parks! Cottage Grove boasts more than 1,000 acres of public park land. The city's parks feature everything from sports fields to open trails and plenty of room for picnicking. Cottage Grove Ravine Regional Park and Hamlet Park are among the largest parks in the city. Locals who want to throw a party can also rent space at many of the local parks.
Home sales prices are on the rise! The median sales prices for homes in Cottage Grove have been growing by as much as four percent. Deals on homes for sale and rent to own homes can still be found as property values continue to grow and foreclosures decline. Homes along the thoroughfares of Highway 61 and 80th Street South can be purchased for a reasonable price.
Strawberries galore! Each year, Cottage Grove hosts the Strawberry Fest, where 15,000 to 20,000 people gather to eat a dinner featuring strawberries, strawberry vinaigrette, and other tasty treats. Strawberry Fest pays tribute to the strawberry fields that once adorned the area. The event also features The Grande Day Parade, live music, fireworks and the Strawberry Fest 5K.
Enjoy high occupancy rates! Cottage Grove boasts an owner occupancy rate of more than 92 percent, which well exceeds the national average of 58 percent, and even beats the average Minnesota owner occupancy rate of 66 percent. This speaks to the desire of locals to find an address in this community near the Mississippi River and Minnesota State Route 10, settle in and make it a home.
Strap on your skates! The city of Cottage Grove owns an impressive ice arena. The Cottage Grove Ice Arena boasts three separate rinks. Teams and associates that call this arena home include the Cottage Grove Hockey Association, Park High School Boys and Girls Hockey teams, and the Cottage Grove Figure Skating Club. The facility was expanded in 2008 to include a bigger observation room and other upgraded amenities.