Rent to own Homes in Menomonie, WI
Nestled among spectacular sandstone bluffs near the Wisconsin-Minnesota border, Menomonie, WI, ranks 15th out of the top 20 "Best Small Towns in America" and is home to the beautiful University of Wisconsin-Stout campus. Now an outdoor enthusiast's mecca and a culturally sophisticated town, Menomonie's humble beginnings were as a lumber milling town back in the early 1800s. Since then, this Dunn County city surrounded by natural beauty has grown to house some 14,000 busy residents.
Menomonie, WI is a great place for affordable rent-to-own homes! With a median household income of over $43,789 and a median rent of $802, the Menomonie, WI 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 Menomonie, WI. 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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Menomonie, WI is seeing rapid growth and Menomonie, WI's' housing market remains optimal with an average home price that is -30% below the 2024 national average. Menomonie, WI is part of Dunn 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 Dunn is 1.85% which is above the national average, which is 0.99%.
Median Home Price in Menomonie, WI
Median Rent in Menomonie, WI
Top 6 Reasons to Live in Menomonie, WI
Close to the Twin Cities at a small-town price! Situated only an hour's drive from Minnesota's Minneapolis/St. Paul metro area, Menomonie, WI, savors its small-town ambiance, abundant wildlife and good schools. Affordability is the name of the game in the greater Menomonie area, with well-appointed rent to own homes ranging in price from $1800 - $3000 per month.
Take advantage of Dunn County's 320 miles of snowmobile trails! Wisconsin winters are cold and snowy, perfect for downhill or cross-country skiing in Hoffman Hills or snowmobiling to the winter-wonderland lover's heart's content. The WSA Pro-Ice Challenge--a high-speed, world-class snowmobile race--revs up the first weekend of every February on Lake Menomonie.
Affordable rentals are definitely available! Menomonie's median cost for rentals in 2012 was an economical $671. Ample rentals are available for households of every size and type is abundant and often unbelievably inexpensive, with some rents as low as $60 per month (sharing the cost of multiple-bedroom homes). They generally range about $400 - $600 per month.
Take a ghost tour of the "Mabel"! CNN Travel cited Menomonie's Mabel Tainter Center for the Arts as one of "15 Spectacular Theaters in the World." Built in 1889 during the height of the Gay Nineties, the 251-seat "Mabel" is an outstanding example of Moorish-style architecture and presumably haunted. Book ghost tours in advance!
Rising home values! Prices of homes for sale in Menomonie have taken an upturn during the past year, with the median home value at about $146,000. One of the largest employers in Menomonie is UW-Stout. A little over a third of those employed in Menomonie commute to larger cities. Lower cost housing and the city's proximity to the Twin Cities offers Menomonie residents the best of both worlds.
Discover Menomonie's historic Main Street! Revel in Main Street spas, craft shops, eateries like the Pioneer Grill & Saloon, antique stores and a drive-in, where cheese curds and root beer are menu hits.