Rent to own Homes in Shakopee, MN
The nearby Minnesota River has played an important role in the history of Shakopee since its founding in 1857. Native American history is evident around the city and even inspired the name. Today, the city celebrates its historic roots and early beginnings as a trading post, while moving forward as a modern city. Residents enjoy the city's many entertainment options, varied recreation opportunities and proximity to the Mall of America.
Shakopee, MN is a great place for affordable rent-to-own homes! With a median household income of over $90,642 and a median rent of $1,213, the Shakopee, 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 Shakopee, 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 Shakopee, MN Property Resources
Rent to own Homes in Cities Near Shakopee, 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 Shakopee, MN
No neighborhoods foundPopular Zip Codes in Shakopee, MN
55379 rent to own homesBuying a Home in Shakopee, MN
Shakopee, MN is seeing rapid growth and Shakopee, MN's' housing market remains not optimal with an average home price that is 29% above the 2024 national average. Shakopee, MN is part of Scott 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 Scott is 1.03% which is above the national average, which is 0.99%.
Median Home Price in Shakopee, MN
Median Rent in Shakopee, MN
Top 4 Reasons to Live in Shakopee, MN
Housing costs are down! Shakopee home prices have dropped about 15% from 2013 to 2014. This is a great time for buyers to find their dream home. With costs down, dream big and look at homes with views of the Minnesota River. Another great location to consider is around Oxford Road. Shakopee offers easy access to Deans Lake and the Shakopee Bypass give the ideal mix of beauty and convenience. Plenty of parks dot the landscape and add to the green space and recreation opportunities.
Learn to skate! This Minnesota city is fortunate enough to experience all four seasons, but winter sports are a particular favorite here in Shakopee. Grab your skis, sled, ice skates or simply head outdoors to stay active all year. For those who love the idea of ice skating and ice hockey, the Shakopee Ice Arena is sure to please. The arena is open for 11 months out of the year, providing a place to learn how to ice skate, practice your figure eights and play on a hockey team. The Shakopee Community Center offers fitness equipment, a walking track and a skate park right next door.
Range of rentals! Whether you are looking for rent to own properties or simply want to enjoy apartment living, Shakopee has something for you. Average rents here are just slightly above the Minneapolis-St.Paul rents, but the growing population of Shakopee seems to confirm that the price of rent is worth it for living in such an exciting city. If budget is not a concern, check out Townline Avenue. It tends to be pricier, but it is close to the Stonebrooke Golf Club and O'Dowd Lake.
Exciting entertainment! The city is home to Valleyfair Amusement Park, where thrill rides, roller coasters, a water park and animatronic dinosaurs come together to offer fun to visitors. People who are looking to take in the thrills of the racetrack can check out the horses at the Canterbury Park racetrack.