Rent to own Homes in Ham Lake, MN
Ham Lake, MN, got its interesting name from the shape of the lake within city limits. Although the area was first settled back in 1855, Ham Lake didn't officially become a city until 1974. Early farmers thrived on growing potatoes here, but you won't find many of these farms left. The town, which isn't far from Minneapolis, is home to more than 15,000 people spread out over 35 square miles of land.Together, they support a thriving local economy.
Ham Lake, MN is a great place for affordable rent-to-own homes! With a median household income of over $99,736 and a median rent of $1,115, the Ham Lake, 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 Ham Lake, 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 Ham Lake, MN Property Resources
Rent to own Homes in Cities Near Ham Lake, 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 Ham Lake, MN
No neighborhoods foundPopular Zip Codes in Ham Lake, MN
55304 rent to own homesBuying a Home in Ham Lake, MN
Ham Lake, MN is seeing rapid growth and Ham Lake, MN's' housing market remains not optimal with an average home price that is 50% above the 2024 national average. Ham Lake, 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 Ham Lake, MN
Median Rent in Ham Lake, MN
Top 4 Reasons to Live in Ham Lake, MN
High appreciation rates! Homes in Ham Lake keep going up in value, so you know you'll be making a good investment if you purchase one. Appreciation rates are twice as high as the national average. When you're ready to look at homes for sale, focus on the area near Lexington Ave. NE and Constance Blvd. or the Lake Netta neighborhood, which have the highest appreciation rates in Ham Lake.
Rising home prices! An increase in home prices means you should start looking for a house for sale or at least a rent to own home before they go any higher. Check out the Bunker Lake Blvd. NE and Rte. 65 neighborhood or the Soderville neighborhood to see what's been listed on the market.
Fresh air and fun! Whether you enjoy a relaxing round of golf or camping close to home, you'll find a great place for it in Ham Lake. Majestic Oaks Golf Club offers a golf course that's challenging without being too hard of a challenge. The club also has an on-site bar and grill, where you can sit back and have a refreshing drink after finishing the course. Ham Lake Campground has new cabins that combine a rustic atmosphere with comfortable lodgings. You're also free to pitch a tent at the campground if that's more your thing. Campground activities include fishing, canoeing and volleyball.
Great dining! Ham Lake has its share of fantastic restaurants to choose from when you want to dine out. At T-Box Bar and Grill, order up some shrimp tacos, a woodstone pizza or a thick, juicy steak burger. The restaurant also offers a huge wine and craft beer selection. Red Ox Cafe is a cozy place that serves the usual diner fare, but it's mainly known for its delicious breakfasts. Order an omelette or a plate of Eggs Benedict and settle into a booth for a great meal here.