Rent to own Homes in Edina, MN
Transportation Options! Edina's close proximity to the Twin Cities transportation hub enables convenient top-tier travel capabilities. Minneapolis-St. Paul International Airport offers excellent worldwide air service connections. Several major highways pass through the Edina community, including Minnesota state highways 62 and 100, US Highway 169 and Interstate 494.
Edina, MN is a great place for affordable rent-to-own homes! With a median household income of over $108,576 and a median rent of $1,442, the Edina, 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 Edina, 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 Edina, MN Property Resources
Rent to own Homes in Cities Near Edina, 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 Edina, MN
No neighborhoods foundPopular Zip Codes in Edina, MN
55435 rent to own homes 55424 rent to own homes 55439 rent to own homes 55436 rent to own homesBuying a Home in Edina, MN
Edina, MN is seeing rapid growth and Edina, MN's' housing market remains not optimal with an average home price that is 131% above the 2024 national average. Edina, 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 Edina, MN
Median Rent in Edina, MN
Top 10 Reasons to Live in Edina, MN
Houses for Rent! Variously priced rental homes are available in the greater Edina area. When relocation from a distant city location is a factor, you can search the Internet to find rental homes or rent to own houses. Or you could always drive around areas like Hilldale and Rolling Green to find your ideal home. Be sure to give yourself plenty of time because only 25.14% of residents here are renters.
Places to Shop! In addition to typical local community supermarkets and strip-center shops, big-box stores such as Best Buy, as well as regional malls, fulfill Edina residents' needs whenever high-end consumer goods are desired. The Southdale Regional Center Mall in Edina has more than 120 tenant vendors and more than one million square feet of covered, climate-controlled space.
Optional Forms of Houses for Sale! The average median value of a home is $372,709. If you're not ready to buy a home right now, consider the rent to own alternative. You can find rent to own homes of all sizes in Highlands and Fox Meadow. Move quickly because the 5.34% vacancy rate means competition is out there.
Lots of Restaurants! All highly recognized international cuisines are well represented in this city. Just a few examples of the restaurants here are The Lakeshore Grill and P.F. Chang's.
It's Go-Time with Low Interest Rates! Mortgage lending rates for home purchase are near all-time lows. Local banking centers include US Bank, Wells Fargo and First Minnesota Bank, so consider getting pre-approved for a mortgage so you can start looking at houses for sale in Parkwood Knolls, Countryside and other popular neighborhoods here.
Health and Fitness! When it comes to health care, the greater Edina area isn't lacking for excellent treatment options. Doctors in all medical categories abound, and top-rated hospitals, such as Fairview Southdale Hospital, are ready to serve you when the need arises. Many good health maintenance and fitness centers, like LA Fitness and YMCA - Edina, are open most hours of the day to serve you, too.
A Long History! Edina is a small city suburb located southwest of the Twin Cities of Minneapolis-St. Paul. It's located in Hennepin County, is 15.97 square miles in area and the 2010 United States (US) Census Bureau lists it with a population of 47,941. Edina began as a small farming community in the mid-nineteenth century.
Home Inspection Services! If you're going to join the 74.86% of homeowners in the city, do your due diligence before buying a home and get it inspected. There are many inspection organizations available in Edina, such as Reassurance Home Inspection, LLC and Minnesota Inspection Team, LLC.
Parks and Recreation! The city of Edina takes great pride in its parks and recreation facilities. Centennial Lakes Park and the Edina Aquatic Center are just a few on the list of almost 40 park and recreation venues.