Rent to own Homes in Willmar, MN
Willmar began as an agricultural town, with settlers proving fond of the area's fertile land and abundant timber. Although agriculture remains an important part of everyday life in Willmar, there is far more to this gorgeous city. Recreation is huge, with many visitors from greater Minnesota arriving in hopes of fishing on one of Willmar's three beautiful lakes or hitting up local hiking trails. From outdoor adventures to indoor relaxation, Willmar is a wonderful place to live and work all year long.
Willmar, MN is a great place for affordable rent-to-own homes! With a median household income of over $51,884 and a median rent of $727, the Willmar, 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 Willmar, 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 Willmar, MN
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Willmar, MN is seeing rapid growth and Willmar, MN's' housing market remains optimal with an average home price that is -35% below the 2024 national average. Willmar, MN is part of Kandiyohi 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 Kandiyohi is 0.91% which is below the national average, which is 0.99%.
Median Home Price in Willmar, MN
Median Rent in Willmar, MN
Top 7 Reasons to Live in Willmar, MN
Amazing restaurants! Willmar residents love to eat out and, fortunately, they have no shortage of dining establishments from which to choose. From the coffee at Lu Lu Beans to the Greek cuisine featured at Cage Persepolis, Willmar is home to a wide array of wonderful restaurants.
Gorgeous lakes! Minnesota is well known for its abundance of pristine lakes, several of which are located in the Willmar area. Lake shore property is in high demand in Willmar, with many residents living on the shores of Swan Lake, Foot Lake and Willmar Lake.
Plenty of recreational opportunities! Keeping active is easy in Willmar, which boasts a variety of entertaining recreational activities. The Glacial Lakes State Trail is perfect for fall hikes, but when the weather outside is frightful, the Dorothy Aquatic Center serves as a welcome alternative. With so many recreational pursuits, it's surprisingly easy to convince residents to get out of the house on a cold winter day.
Low vacancy rate! Many of Willmar's residents live at Evergreen Ridge or in the Lakeview Apartments, while others prefer to pursue homeownership. Vacancy rates are low for both apartments and homes, with only 3.67 percent of housing units currently vacant.
Thriving night life! Willmar boasts a surprisingly vibrant nightlife scene. Boasting an undeniably friendly atmosphere, Grizzly's Grill 'N Saloon is a neighborhood favorite. Oaks at Eagle Creek is also incredibly popular, with many local groups using it as a banquet hall and event space.
Low property tax rates! Home ownership is very affordable in Willmar, due, in part, to the area's very reasonable property tax rates. The average homeowner in Willmar pays $9.82 in property taxes per every $1,000 in house value. This is significantly lower than the United States average of $12.07. The low property tax rates in Willmar are especially comforting for those interested in pursuing local rent to own opportunities. Contact Edina Realty or Westrom Realty Inc. for helping find your next dream place in Willmar.
Annual events and festivals! An undeniable sense of community is present in Willmar, with residents gathering together each summer for the Willmar Fests and in December for the annual Holidaze parade.