Rent to own Homes in Champlin, MN
A northern suburb of Minneapolis, Champlin has a population of 24,000. Located along the Mississippi River, Champlin offers an abundance of outdoor activities from water skiing in the summer to ice skating in the winter. Considered by AreaVibes to be the 17th best town in Minnesota, Champlin has a livability score of 79 because of its abundance of local amenities, low crime rate, and stable housing market.
Champlin, MN is a great place for affordable rent-to-own homes! With a median household income of over $96,469 and a median rent of $1,307, the Champlin, 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 Champlin, 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 Champlin, MN Property Resources
Rent to own Homes in Cities Near Champlin, 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 Champlin, MN
No neighborhoods foundPopular Zip Codes in Champlin, MN
55316 rent to own homesBuying a Home in Champlin, MN
Champlin, MN is seeing rapid growth and Champlin, MN's' housing market remains not optimal with an average home price that is 17% above the 2024 national average. Champlin, 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 Champlin, MN
Median Rent in Champlin, MN
Top 5 Reasons to Live in Champlin, MN
Numerous festivals! Held the second weekend in June, the annual Father Hennepin Festival celebrates the city's history. At the festival, local musicians are invited to perform, rides are brought in for children, and food is served for free. Celebrate the start of the holiday season every December in Champlin when the town lights all of the trees along Main Street. Gather with friends and neighbors for hot chocolate to sing Christmas carols and eat delicious food.
Delicious local cuisine! While fried chicken in Minnesota may seem out of place, once you try the food at Fanatic BBQ and Grill you'll feel like you're in the South. Considered by locals to be the best kept secret in Champlin, Buona Sera Ristorante serves delectable entrees such as the locally caught salmon fillet or rack of lamb with cheddar mashed potatoes.
Winter wonderland! Champlin has more than 300 acres of park land. Because Minnesota is known for a lengthy winter with lots of snow, many residents enjoy cross-country skiing and other outdoor activities. Andrews Park is home to approximately 30 cross country trails while Blue Creek Park has back country trails for hiking.
Rental prices on the decline! Because buying a home is a big decision, newcomers to Champlin may want to consider renting first. Luckily, renting a home or apartment in Champlin is affordable with a median rent price of $1,495. Rent to own homes can be found in Pennsylvania Drive or Kentucky Court.
The price is right! Now is the time to capitalize on the declining list prices of homes for sale in Champlin by making an aggressive offer. According to Zillow, the median price of a home for sale in the city has fallen 7.6 percent in the last year to a low of $206,900. Take advantage of the low real estate prices by looking for a great home in a desirable neighborhood like Mississippi Drive or Bradford Avenue.