Rent to own Homes in Oakdale, MN
Oakdale is a suburban neighbor to the Twin Cities of Minneapolis and St. Paul, sitting just northeast of St. Paul. The city has a population of around 27,000 residents, and prides itself on its vast network of both parks and trails. Its proximity to the Twin Cities means that the Mississippi River, loads of theaters, many museums, and professional sports games are just a few minutes away from Oakdale.
Oakdale, MN is a great place for affordable rent-to-own homes! With a median household income of over $74,303 and a median rent of $1,097, the Oakdale, 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 Oakdale, 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 Oakdale, 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 Oakdale, MN
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55128 rent to own homesBuying a Home in Oakdale, MN
Oakdale, MN is seeing rapid growth and Oakdale, MN's' housing market remains not optimal with an average home price that is 7% above the 2024 national average. Oakdale, MN is part of Washington 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 Washington is 0.96% which is below the national average, which is 0.99%.
Median Home Price in Oakdale, MN
Median Rent in Oakdale, MN
Top 5 Reasons to Live in Oakdale, MN
Life is a walk in the park! Oakdale has more than a dozen parks. With soccer fields, basketball courts, skating rinks, and horseshoe pits among the amenities offered, this St. Paul suburb affords ample opportunity to stay outside. Oakdale is particularly proud of the Oakdale Nature Preserve and its wood trails. This park also hosts Oakdale Discovery Center, which has an amphitheater and reception hall.
Listing prices are up! As of the end of 2014, listing prices are increasing in Oakdale, including homes near Battle Creek Lake and Mud Lake. The listing price on homes for sale increased by nearly 2% in one week. Increased home listing prices signal the start of a buyer's market, making it a good time to consider calling Oakdale home.
Shop local, even in the winter! Local farmers' markets are an excellent venue for buying fresh, local food. With cold Minnesota winters, however, an outdoor market is just out of the question. Oakdale residents benefit from the Oakdale Indoor Market in the Discover Center during the winter. This indoor farmers' market has more than 30 vendors selling jam, jewelry, maple syrup, and more. Local businesses like Velvet Beets Gourmet Honey set up in the market every other Saturday during winter months.
Stable price per square foot! Rent to own homes and other properties on the real estate market in Oakdale are holding steady when it comes to price per square foot. From MN Hwy 36 to I-94, residents are able to maintain bang for their buck when it comes to owning a property here.
Green efforts! Oakdale participates in the Minnesota GreenStep Cities program, making it a leader in environmental efforts in the region. From a robust recycling program to ensuring ample bicycle lanes to cut down on pollution, Oakdale is a green city. The government has also committed to expanding its trails to reach the Lake Elmo Park Preserve and promote the use of the Washington County Environmental Center.