Rent to own Homes in Maple Grove, MN
From its humble farming roots, Maple Grove has sprouted into one of Minnesota's fastest-growing suburbs. Its retail complexes, including the Shoppes at Arbor Lakes and the Fountains at Arbor Lakes, feature more places to flash your credit cards than anywhere in the state that's not Mall of America. Life is good in Maple Grove with healthy per capita incomes, low crime rates, great schools and a short commute to the bustling Twin Cities megalopolis.
Maple Grove, MN is a great place for affordable rent-to-own homes! With a median household income of over $113,793 and a median rent of $1,609, the Maple Grove, 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 Maple Grove, 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 Maple Grove, MN Property Resources
Rent to own Homes in Cities Near Maple Grove, 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 Maple Grove, MN
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Maple Grove, MN is seeing rapid growth and Maple Grove, MN's' housing market remains not optimal with an average home price that is 38% above the 2024 national average. Maple Grove, 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 Maple Grove, MN
Median Rent in Maple Grove, MN
Top Reasons to Live in Maple Grove, MN
Housing in Maple Grove Single-family homes make up nearly two-thirds of Maple Grove's nearly 23,000 residential dwellings. Newer three- and four-bedroom homes are the most common. Thanks to a rapidly growing population, you'll also find a healthy assortment of townhomes, apartments, duplexes and rent to own houses. Property sales in the second quarter of 2013 were strong, with 391 homes sold at a median price of $230,000.
Employers and Industries Maple Grove has many shops and stores, which provides residents with a wide range of service and retail job opportunities. A Boston Scientific development facility employs more than 3,000 people in medical and manufacturing capacities. The local school district and municipal government are also major employers.
Maple Grove Schools Public schools in the city are part of the greater Osseo Area School District and are well-regarded. Maple Grove Junior High School and Maple Grove Senior High School consistently rank among the state's best in educational testing and performance. There are over 100 private schools within short communing distance, including the progressive Waldorf-inspired Maple Grove Preschool.
Neighborhoods Most of the city is either retail-developed or suburban. Depending upon your employment, lifestyle and cultural preferences, you're sure to appreciate one of these popular neighborhoods: