Rent to own Homes in St. Louis Park, MN
Geeky culture! St. Louis Park is a short drive from Minneapolis, which is a hub of geeky activities including conventions such as Convergence over the 4th of July weekend and Wizard World Comic Con. Twin Cities Ghostbusters is a fan group that attends such events.
St. Louis Park, MN is a great place for affordable rent-to-own homes! With a median household income of over $84,694 and a median rent of $1,267, the St. Louis Park, 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 St. Louis Park, 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 St. Louis Park, MN Property Resources
Rent to own Homes in Cities Near St. Louis Park, 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 St. Louis Park, MN
Eliot View rent to own homes Westwood Hills rent to own homes Crestview rent to own homes Cedarhurst rent to own homes Cedar Manor rent to own homes South Oak Hill rent to own homes Aquila rent to own homes Brooklawns rent to own homes Birchwood rent to own homes Bronx Park rent to own homesBuying a Home in St. Louis Park, MN
St. Louis Park, MN is seeing rapid growth and St. Louis Park, MN's' housing market remains not optimal with an average home price that is 34% above the 2024 national average. St. Louis Park, 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 St. Louis Park, MN
Median Rent in St. Louis Park, MN
Top 10 Reasons to Live in St. Louis Park
Plenty to eat and drink! Irish pubs such as Coopers and Kip's offer authentic Irish cuisine such as bangers and mash in addition to a late-night drinks. Hungry diners can also check out Yum!, a bakery and cafe in St. Louis Park that specializes in cupcakes and other sweet treats. Specials change on a daily basis.
Sports and concerts! Sports fans can stop by the Target Center to view games played by the Minnesota Timberwolves and shows put on by performers like the Globetrotters. The Target Center also plays hosts to musicians like Cher and OneRepublic. WWE RAW events also happen at the Target Center.
Burlesque shows! Residents and visitors can enjoy burlesque shows like Dr. Farrago's, which are especially popular in the area. The Minneapolis Burlesque Festival, an annual performance of burlesque dance, and the yearly Twin Cities Top Drawer Burlesque Exposition offers adult entertainment with a retro pinup vibe.
Valuable homes! The average home value in St. Louis Park is $222k, and the price-per-foot is higher in St. Louis Park than in Minneapolis. Check for rent to own options as well.
Amenities! Renters will find a variety of modern apartment complexes like Gates at Carlson Center and Eden Place Apartments in St. Louis Park. Amenities often include pools and tennis courts, gates and locked buildings, making St. Louis Park an interesting an safe place to live.
Outdoor activities and cabins on the lake! Minnesota offers fishing, camping, hiking and hunting during the warmer months while ice fishing and skating, sledding and snowshoeing are popular activities during the winter. Many people opt for rent to own homes on one of Minnesota's many lakes. Lake Hennepin and Lake Hiawatha are both in the area.
Great nightlife! One of the best parts about St. Louis Park, MN is how much fun there is to be had here! Especially after dark. Consider going out for a beer at great bars like Cooper Irish Pub or Rojo Mexican Grill. You can get a margarita there, too!
Comfort and convenience! Many rent to own houses are just outside of town, providing a suburban feel with plenty of green foliage. However, St. Louis Park is connected to the surrounding cities and the Twin Cities by a comprehensive highway system that makes it easy to travel. St. Louis Park is framed by highways 12, 100 and 169.
Shopping and more! The Mall of America in nearby Bloomington offers three stories of shopping with mainstays like Macy's and specialty stores like Build A Bear. There's an additional level with a food court, a Hooters Restaurant, and movie theater. The mall also contains Lego Land and store, Barbie the Dreamhouse Experience, an indoor roller coaster and Sea Life Aquarium. Just outside the mall, shoppers will find an Ikea to outfit their new homes.