Rent to own Homes in Hastings, MN
Situated in Southeastern Minnesota, Hastings was settled by the military, which marched in from Fort Snelling to watch over a supply shipment. The town's name was picked from those of the four founders; settlers eventually settling on Henry Hastings Sibley after drawing his name from a hat. A railroad and dam town, the area is also home of the Fasbender Clinic, an historic Frank Lloyd Wright facade that can be seen off State Highway 55.
Hastings, MN is a great place for affordable rent-to-own homes! With a median household income of over $75,026 and a median rent of $972, the Hastings, 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 Hastings, 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 Hastings, MN Property Resources
Rent to own Homes in Cities Near Hastings, 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 Hastings, MN
Century South rent to own homes South Pines rent to own homes Dakota Hills rent to own homes Riverwood rent to own homes Glendale Heights rent to own homesPopular Zip Codes in Hastings, MN
55033 rent to own homesBuying a Home in Hastings, MN
Hastings, MN is seeing rapid growth and Hastings, MN's' housing market remains not optimal with an average home price that is 6% above the 2024 national average. Hastings, 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 Hastings, MN
Median Rent in Hastings, MN
Top 4 Reasons To Live In Hastings, MN
Affordable rental homes! The area surrounding Vermillion Street and Red Wing Boulevard boasts rent to own property that's on budget. Average monthly rental costs are $882-lower than 43.7 percent of Minnesota neighborhoods. Living in this section of town, you'll be blocks from Vermillion Falls Park and the Hastings Sand Coulee Scientific and Natural Area, where locals can jaunt through regional grasslands and witness wildlife in its natural habitat.
Delectable dining establishments! Gems on the town's dining circuit include The Onion Grille, where residents sip on glasses from the extraordinary wine menu while tasting scratch-made favorites from the kitchen; top dishes here include the Savory Chicken A La King or the Knife and Fork Burger. Another local gem is Me And Julio, a fun tex-mex establishment doling out inspired fare like Cap'n Crunch French Toast for Breakfast and Shredded Pork Adobo Burritos for dinner.
High property value! When seeking homes that are sure to appreciate, search for abodes in the Etter community, where average median value is $292,539-higher than 89.4 percent of the neighborhoods statewide. Living here, residents are close to Sharp Muskrat Lake for fishing and Bellwood Oaks Golf Course, making outdoor fun quite convenient. King's Place Bar is also nearby; after a long day, pop in to this neighborhood favorite for a burger, beer, and warm conversation with staff and fellow patrons.
Morning perk! Starting the day is an easy task with locally owned coffee and breakfast joints. Dunn Bros Coffee allows the local residents to get their caffeinated beverages alongside grab and go breakfast items like oatmeal. The numerous flavored lattes and take-home beans are an added bonus. Wyatt's Twisted Americana serves up unique breakfast fare when a full-service meal sounds enticing. Skillets with brie, mini portions of banana bread, as well as decadent maple bourbon bacon french toast spice up any morning routine.