Rent to own Homes in New Brighton, MN
New Brighton is a suburb of the famed Twin Cities, Minneapolis and St. Paul. Once the site where Native Americans harvested wild rice, which is still a staple in many local dishes, New Brighton is now a little city of 21,000 residents. This suburban Minnesota community is also in a prime location for fishing, running, and boating.
New Brighton, MN is a great place for affordable rent-to-own homes! With a median household income of over $75,099 and a median rent of $1,081, the New Brighton, 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 New Brighton, 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.
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Rent to own Homes in Cities Near New Brighton, 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 New Brighton, MN
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55112 rent to own homesBuying a Home in New Brighton, MN
New Brighton, MN is seeing rapid growth and New Brighton, MN's' housing market remains not optimal with an average home price that is 23% above the 2024 national average. New Brighton, MN is part of Ramsey 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 Ramsey is 1.05% which is above the national average, which is 0.99%.
Median Home Price in New Brighton, MN
Median Rent in New Brighton, MN
Top 7 Reasons to Live in New Brighton, MN
Lakes, lakes, lakes! Minnesota isn't called the Land of 10,000 Lakes for no reason. Bodies of water abound here, and New Brighton has quite a few within its borders. Pike Lake and Long Lake are the two largest lakes in town.
Home sales prices are rising! Homes in New Brighton saw an increase in median sale price of more than 7% between November 2013 and November 2014. From Sunnyside Terrace on the northern cusp of the community to Benz Road near the southern edge, houses in this Twin Cities suburb are improving in value.
Big city fun with small town charm! New Brighton is just a short 12 miles from downtown Minneapolis, giving residents access to music, theater, professional sports, and more. Still, the community is fortunate enough to benefit from the friendly, vibrant atmosphere typical of a small town. Irondale Theater and Artistic Studios provide access to the arts right in New Brighton.
Stockyard Days! The Stockyard Days annual event celebrates the community's history in the cattle industry. A parade through Old Town New Brighton, live music, activities at Long Lake Regional Park, and a golf tournament are just some of the events that comprise the festival.
Huge floor plans! Despite its proximity to two major cities, this Minnesota suburb still remains rich with properties boasting as many as 5 bedrooms and 4 bathrooms. Rent to own houses and single-family homes for sale in the center of town - including properties on Innsbruck Court and 13th Terrace NW - have as many as 6 bedrooms.
Stay active! Despite the long winters, New Brighton residents have plenty of ways to remain active. The New Brighton Community Center has a fitness center and indoor track, and kids can still play during winter at the Eagles Nest Indoor Park. A range of youth sports are also sponsored by local government.
Snowshoeing and more! Once the snow falls, parks like Hansen Park and Long Lake Regional Park become a great place to snowshoe, build a snowman, sled, or partake in other winter activities.