Rent to own Homes in Fridley, MN
Fridley, MN has the tongue-twisting nickname of Friendly Fridley, but it does live up to that moniker. It's a city that prides itself on community and offers tons of fun things to do throughout the year, like 49er Days in summer and Winterfest in January. Fridley had humble beginnings as a village in 1949 and grew into a larger city less than ten years later. As part of the Twin Cities Metro Area, Fridley provides all of its more than 27,000 residents with plenty of amenities.
Fridley, MN is a great place for affordable rent-to-own homes! With a median household income of over $65,669 and a median rent of $1,036, the Fridley, 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 Fridley, 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 Fridley, MN Property Resources
Rent to own Homes in Cities Near Fridley, 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 Fridley, MN
No neighborhoods foundPopular Zip Codes in Fridley, MN
55432 rent to own homesBuying a Home in Fridley, MN
Fridley, MN is seeing rapid growth and Fridley, MN's' housing market remains optimal with an average home price that is -3% below the 2024 national average. Fridley, 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 Fridley, MN
Median Rent in Fridley, MN
Top 6 Reasons to Live in Fridley, MN
Rising home prices! After a bit of a decline, home prices in Fridley are on the rise once again. Now is the best time to search for homes for sale if you don't want to risk having prices go higher. Check out the Central Ave. NE and Route 65 neighborhood or the Osborne Rd. NE and Jackson St. NE neighborhood for available properties or rent to own houses.
Plenty of rental options! Around one-third of properties in Fridley are renter-occupied, and the vacancy rate is on par with the national average. When searching for rental apartments or homes, focus on the E. River Rd. and Mississippi Way neighborhood or the E. River Rd. and 79th Way NE neighborhood.
The great outdoors! Visit Springbrook Nature Center to hike along nature trails while looking for wildlife. The trails, which wind their way through forests and wetlands, give you a chance to experience nature all year round. Head out to Manomin Park to see the Mississippi River up close and try to catch walleye, carp and other freshwater fish.
Dining options galore! Fridley offers a ton of great places to eat. Order some steak burgers, chicken gyros or hot sandwiches at River Grill, which is known for serving delicious food and providing outstanding service. Broadway Bar and Pizza offers award-winning pizza, friendly service and tasty pasta dishes.
History and culture! At the Fridley Historical Society Museum, you can learn more about the city's history and take part in community events, like the Annual Lasagna Dinner or AugustFest. The Banfill-Locke Center for the Arts features art galleries filled with works by regional artists.
Sports and recreation! Grab your paddles and wiffle ball, then head over to Commons Park to play some pickleball. The park has two courts for this unusual sport. Visit Moore Lake Park and Beach to do some swimming and play sand volleyball, tennis or basketball.