Rent to own Homes in Lino Lakes, MN
Founded in 1857 by hunters and trappers who settled the shores of the beautiful Rice Creek chain of lakes, Lino Lakes started out as the tiny township of Centerville with a population of just 300. In 1955, the tight-knit community voted to officially incorporate and chose the name Lino Lakes. Today, Lino Lakes is a thriving little city of more than 20,000 and a shining example of all that Minnesota has to offer.
Lino Lakes, MN is a great place for affordable rent-to-own homes! With a median household income of over $107,647 and a median rent of $1,418, the Lino Lakes, 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 Lino Lakes, 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 Lino Lakes, MN Property Resources
Rent to own Homes in Cities Near Lino Lakes, 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 Lino Lakes, MN
No neighborhoods foundPopular Zip Codes in Lino Lakes, MN
55014 rent to own homesBuying a Home in Lino Lakes, MN
Lino Lakes, MN is seeing rapid growth and Lino Lakes, MN's' housing market remains not optimal with an average home price that is 37% above the 2024 national average. Lino Lakes, 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 Lino Lakes, MN
Median Rent in Lino Lakes, MN
Top 4 Reasons to Live in Lino Lake, MN
It's surrounded by natural beauty! The city of Lino Lakes is situated around a breathtaking 3,500-acre park reserve and a baker's dozen of the most beautiful lakes in the Twin Cities area. The Rice Creek Park Reserve offers outdoor recreation from hiking to wildlife viewing. You can even play a round of golf at the Chamonix Golf course. The park's protected status ensures that these treasures will still be here for future generations to enjoy.
The Twin Cities metropolis is only 20 minutes away! Despite its wild and rural feel, Lino Lakes is just a 20-minute drive from the Twin Cities of Saint Paul and Minneapolis. This metropolitan area is renowned for its thriving arts and cultural scene, including the Walker Art Center, the Ordway Center for Performing Arts, the Guthrie Theater and more. The cities are also home to several award-winning restaurants, including Heartland in Saint Paul and the 112 Eatery in Minneapolis. Freeway access via I-35 gives Lino Lakes residents easy access to these two vibrant cities.
Home values and the local economy are among the best in the state! If you're looking for a top rent to own market, you can't do much better than Lino Lakes. With median household incomes more than 50 percent higher than the state average and a wide variety of housing options, Lino Lakes home prices represent a very good value in the metro-area housing market.
It has a strong sense of community and safe neighborhoods! Thanks to its beautiful boasts the lowest violent crime rating possible.