Rent to own Homes in Eagan, MN
Located only eleven miles from St. Paul, Minnesota, is Eagan, a city with a population of over 63,000. Eagan is in Dakota County and is part of the Minneapolis-Saint Paul Metropolitan Area. This is a family-oriented city, as married adults make up 67 percent of the population. In 2010, Money Magazine awarded Eagan the title of the 15th best place to live in the United States.
Eagan, MN is a great place for affordable rent-to-own homes! With a median household income of over $93,332 and a median rent of $1,262, the Eagan, 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 Eagan, 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 Eagan, MN Property Resources
Rent to own Homes in Cities Near Eagan, 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 Eagan, MN
Wilderness Run rent to own homes Lexington Square rent to own homes Hawthorne Woods rent to own homes Lone Oak rent to own homes Thomas Lake rent to own homes Lexington Pointe rent to own homes Oakbrooke rent to own homes Windtree rent to own homes Blackhawk rent to own homes Country Home Heights rent to own homesPopular Zip Codes in Eagan, MN
55123 rent to own homes 55121 rent to own homes 55122 rent to own homesBuying a Home in Eagan, MN
Eagan, MN is seeing rapid growth and Eagan, MN's' housing market remains not optimal with an average home price that is 37% above the 2024 national average. Eagan, 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 Eagan, MN
Median Rent in Eagan, MN
Top Reasons to Live in Eagan MN
Housing by the Numbers Homeowners occupy 75 percent of the homes in Eagan. Homes have an average median value of $162,596, and the average median property tax in 2009 was $3,081. There are a total of 24,392 single-family homes and apartments in Eagan. Rental units number 6,651 and the average median rent is $1,142 a month. Close to 25% of homes here are rentals.
Weather and Climate Summer time in Eagan is delightful. Daily temperatures are usually in the 70s. July is the warmest month; temperatures can reach the low 80s. Winter, however, is very cold in Eagan with temperatures lurking at around 10 degrees. January is the coldest month in Eagan with temperatures hovering as low as 4 degrees F. The average amount of precipitation in Eagan is 29.5 inches. Rainfall falls pretty evenly throughout the year, but June is the wettest month with average rainfall of 4.34 inches.
Top Employers There are a number of medium-sized companies in Eagan. Only three companies have over 1,000 employees, with numbers for other rapidly falling to the hundreds. The top three employers are the United States Postal Service, United Parcel Service, and Lockheed Martin. Midwest Coca-Cola Bottling, Wells Fargo Mortgage, and Ecolab all employ over 700 people. Check out the neighborhoods close to your employer for rent-to-own opportunities.
Things to See in Eagan Caponi Art Park is where nature and art meet; its slogan is 'The Park is the Art.' The park occupies 60 acres of rolling wooded hills in Eagan. The Holz Farm is a heritage homestead on the shores of a lake. Visitors can step back in time to the 1870s. At one time, this was a working farm, but now it's a living history. Just as in the 19th century, the farm is worked year-round, with seasonal events such as tractor and hay rides, rope making, baking cookies, and making hot apple cider.
Eagan Nightlife Eagan is pretty quiet at night. There are bars and clubs that are open until one in the morning and offer music, dancing, comedy acts, or karaoke. The Mall of America is just a few minutes away if you love to shop. Here are two places locals love to go: