Rent to own Homes in Brookings, SD
With just a shade over 22,000 residents, Brookings is one of the larger cities in South Dakota and is considered by both residents and visitors to be one of the prettiest. From the well maintained downtown area to the campus of South Dakota State University, this town has something to offer everyone. Plenty of the amenities you would expect from a larger city can be found here, and the entertainment opportunities are endless.
Brookings, SD is a great place for affordable rent-to-own homes! With a median household income of over $53,845 and a median rent of $763, the Brookings, SD 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 Brookings, SD. 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 Brookings, SD Property Resources
Rent to own Homes in Cities Near Brookings, SD
Neighborhoods in Brookings, SD
No neighborhoods foundPopular Zip Codes in Brookings, SD
57007 rent to own homesBuying a Home in Brookings, SD
Brookings, SD is seeing rapid growth and Brookings, SD's' housing market remains optimal with an average home price that is -14% below the 2024 national average. Brookings, SD is part of Brookings 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 Brookings is 1.38% which is above the national average, which is 0.99%.
Median Home Price in Brookings, SD
Median Rent in Brookings, SD
Top 6 Reasons to Live in Brookings, SD
The weather is amazing! If you are a fan of winter activities, then you will love living here. Expect to get several heavy snowstorms throughout the winter, and blizzards are not uncommon. Summer has a few hot days, but it's rarely oppressive. Popular outdoor activities include fishing, hiking, ice skating and cross-country skiing. Be sure to visit the Dakota Nature Park and the Larson Ice Center while you are here.
There are plenty of dining options! Of course, the usual array of fast food options are available in Brookings, but locals will likely tell you to stop in at the Pheasant Restaurant and Lounge for a great steak or shrimp meal, along with some live music. If you are looking for something more sporty, Cubby's Bar and Grill is a popular place to toss back a few beers with friends while watching the big game!
Property values are increasing! Brookings has seen the local population increase in recent years. This has led to a great deal of new construction, as well as the updating of rent to own homes and apartments. Rental properties near South Dakota State University and Brookings regional airport tend to command higher rents than the rest of the city.
Housing prices are low! While the population is increasing, there is still plenty of room for more residents. This is a great time to purchase property, as the values are increasing, but new homes are still available at lower costs than the national average. Prime locations include those near the Edgebrook Golf Course and the Douglas Chittick Community Gardens.
There are many cultural activities to enjoy! Brookings is a university city, and there are plenty of activities for both local residents and visitors. A trip to the Children's Museum is always a fun event for all ages, as are the Summer Arts Festival and a visit to the South Dakota State Art Museum.