Rent to own Homes in Hopkins, MN
Conveniently located directly west of Minneapolis, Hopkins is a wonderful suburb for those who prefer peaceful living, but who also desire access to a diverse array of entertainment and recreational activities. The area maintains a distinctive small-town feel, which is fostered by its vibrant downtown area and historic architecture. In recent years, these elements have made Hopkins one of the most popular suburbs in the west metro area.
Hopkins, MN is a great place for affordable rent-to-own homes! With a median household income of over $59,141 and a median rent of $1,074, the Hopkins, 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 Hopkins, 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 Hopkins, MN Property Resources
Rent to own Homes in Cities Near Hopkins, MN
- Anoka
- Apple Valley
- Bloomington
- Burnsville
- Cedar
- Chaska
- Circle Pines
- Columbus
- Coon Rapids
- Crystal
- Dayton
- Deephaven
- Eagan
- Eden Prairie
- Edina
- Falcon Heights
- Fridley
- Gem Lake
- Golden Valley
- Hamel
- Ham Lake
- Hanover
- Hilltop
- Hopkins
- Lauderdale
- Lexington
- Lilydale
- Lino Lakes
- Little Canada
- Long Lake
- Maple Grove
- Maplewood
- Mendota
- Minneapolis
- Minnetonka
- New Hope
- Nowthen
- Orono
- Osseo
- Plymouth
- Prior Lake
- Ramsey
- Rogers
- Shakopee
- St. Anthony
- St Paul
- Vadnais Heights
- Wayzata
- White Bear Lake
- Woodland
Neighborhoods in Hopkins, MN
No neighborhoods foundPopular Zip Codes in Hopkins, MN
55343 rent to own homesBuying a Home in Hopkins, MN
Hopkins, MN is seeing rapid growth and Hopkins, MN's' housing market remains not optimal with an average home price that is 16% above the 2024 national average. Hopkins, MN is part of Hennepin 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 Hennepin is 1.14% which is above the national average, which is 0.99%.
Median Home Price in Hopkins, MN
Median Rent in Hopkins, MN
Top 6 Reasons to Live in Hopkins, MN
Amazing antique shopping! Opportunities for shopping may be abundant west of Minneapolis, but there's nothing quite like an afternoon of exploration at the Hopkins Antique Mall, which boasts over 10,000 square feet of antique treasures. Antique lovers in the Hopkins community also enjoy visiting Blake Antiques, which features jewelry, furniture and pop art from the early to mid 1900s.
Historic downtown! In addition to checking out antique shops, neighborhood history buffs love meandering through Hopkins' historic downtown area. The historic architecture immediately makes residents feel like they are in Small Town USA, despite the fact that Hopkins is a short drive from Minneapolis. Entertainment is abundant in downtown Hopkins, which is home to the Hopkins Center for the Arts and Mann's Hopkins Cinema 6.
High home appreciation! Home ownership in Hopkins pays off, with residents enjoying an average home appreciation rate of 9.4 percent. Appreciation is particularly impressive near Central Park and Excelsior Boulevard. Renters interested in home ownership may also be able to take advantage of this high appreciation rate with the help of one of the area's many rent to own opportunities.
Bike trails! Bikers in the Hopkins community enjoy easy access to a number of excellent trails, including the Cedar Lake Loop and the Lake Minnetonka LRT Regional Trail. Many residents commute to work with the help of these trails.
Exciting nightlife! Hopkins may be a peaceful community, but it still possesses a vibrant nightlife scene. For dancing, head to the Hopkins Tavern, where one of the Twin Cities' hottest DJs shows up every Saturday night. Sports fanatics prefer the Big 10 Restaurant & Bar, which is chock-full of flat-screen TVs.
Beautiful houses! Hopkins boast hundreds of gorgeous houses, many of which have been labeled historic by the Hopkins Historical Society. Examples include the Metoxen House and the Pederson House. Newer homes are also lovely, creating an appealing mix of old and new architecture in Hopkins neighborhoods.