Rent to own Homes in Sartell, MN
Situated between and within two different counties in Minnesota, Sartell is an attractive city with a rich history that more people are choosing to call home. The population growth -- expanding from 800 residents in 1960 to nearly 16,000 in 2010 -- could be attributed to the low unemployment rate in the area or its selection of nice homes, but it very likely has more to do with the city's motto being true: "A great place to live."
Sartell, MN is a great place for affordable rent-to-own homes! With a median household income of over $69,577 and a median rent of $998, the Sartell, 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 Sartell, 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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Sartell, MN is seeing rapid growth and Sartell, MN's' housing market remains optimal with an average home price that is -3% below the 2024 national average. Sartell, MN is part of Stearns 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 Stearns is 0.96% which is below the national average, which is 0.99%.
Median Home Price in Sartell, MN
Median Rent in Sartell, MN
Top 3 Reasons to Live in Sartell, MN
Affordable houses for purchase! Sartell is an average American city in a number of ways. There's only a 7 percent difference in property taxes between the city and America's average and there's only a tenth of a percentage point difference between average home prices. With that being said, the local housing market hasn't experienced the expensive price increases like other cities. Sartell has had a healthy growth of 0.7 percent in housing values over the last year, with nearly 70 percent of homes inhabited by owners instead of renters. Whether you're up near the Pine Ridge Golf Course or further south along the Sauk River, you'll be getting a nice place at a good price.
A wide variety of recreational activities! You'll never run out of things to do in Sartell. There are 24 parks to visit, including the Sartell Rotary Park and Lions Park, along with two golf courses. The Minnesota Baseball Hall of Fame is also located nearby in St. Cloud. If you don't feel like making that short trip, though, you can always check out the weekly Market Monday over at the city hall.
Affordable rents and low cost of living! Potential residents considering rent to own houses, or just rentals in general, are in luck in the Sartell area. Even though housing values are right on par with the national average, these property values don't prevent rental prices from being affordable. Getting a two-bedroom house, for instance, will be about 20 percent cheaper in Sartell than the rest of America. Also, with the price of living index being seven points below the national average, those who opt for property in this city will be saving money. Make an impression and use that saved money to join local businesses like Great River Bowl and Blue Line Sports Bar and Grill in sponsoring the Apple Duathlon.