Rent to own Homes in Inver Grove Heights, MN
Inver Grove Heights is an inner suburb of the Twin Cities. The city got its name in the mid-1800s when it was settled by the Irish and the German. "Inver" comes from an Irish fishing community and the name "Grove" honors the German settlers. Today it incorporates nearly thirty square miles with more than 30,000 folks who have chosen to make Inver Grove Heights their home.
Inver Grove Heights, MN is a great place for affordable rent-to-own homes! With a median household income of over $83,155 and a median rent of $1,214, the Inver Grove Heights, 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 Inver Grove Heights, 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 Inver Grove Heights, MN Property Resources
Rent to own Homes in Cities Near Inver Grove Heights, MN
- Anoka
- Apple Valley
- Bloomington
- Burnsville
- Circle Pines
- Coates
- Columbus
- Coon Rapids
- Cottage Grove
- Crystal
- Eagan
- East Bethel
- Eden Prairie
- Edina
- Falcon Heights
- Farmington
- Fridley
- Gem Lake
- Golden Valley
- Ham Lake
- Hilltop
- Hopkins
- Houlton
- Hudson
- Hugo
- Lake Elmo
- Lakeville
- Lauderdale
- Lexington
- Lilydale
- Lino Lakes
- Little Canada
- Maple Grove
- Maplewood
- Mendota
- Minneapolis
- Minnetonka
- New Hope
- Oakdale
- Oak Park Heights
- Osseo
- Plymouth
- Prior Lake
- Richfield
- Savage
- Shakopee
- St. Anthony
- St Paul
- Vadnais Heights
- White Bear Lake
Neighborhoods in Inver Grove Heights, MN
Lake Cove Village rent to own homes Southern Lakes Estates rent to own homes Marcott Woods rent to own homes Rich Valley Estates rent to own homes Inver Grove Acres rent to own homes Marcott Lakes Estates rent to own homes Falcon Ridge rent to own homes Woodview rent to own homes Southview Hills rent to own homes Mac Gregor Acres rent to own homesBuying a Home in Inver Grove Heights, MN
Inver Grove Heights, MN is seeing rapid growth and Inver Grove Heights, MN's' housing market remains not optimal with an average home price that is 26% above the 2024 national average. Inver Grove Heights, MN is part of Dakota 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 Dakota is 1.02% which is above the national average, which is 0.99%.
Median Home Price in Inver Grove Heights, MN
Median Rent in Inver Grove Heights, MN
Top 5 Reasons to Live in Inver Grove Heights, MN
Explore the Outdoors! Inver Grove Heights is ideal for those who like the outdoors. The Salem Hills Park Trail offers a 4.1 mile loop and a 0.5 mile loop to accommodate different fitness levels. The renovated Rock Island Swing Bridge is a great place to enjoy the views along the pier - and it also provides access to the Mississippi River.
A Variety of Housing Options! Whether you're looking to purchase or rent to own, Inver Grove Heights is a perfect place to look because it offers a variety of housing options. Look for homes in the Argenta Hills community for new construction. If an apartment complex is more suitable - check out Southview Gables or Lake Cove Village Apartments. From ramblers, new construction, townhouses and apartment complexes - Inver Grove Heights offers something for every type of lifestyle and every stage of life.
Expand Your Horizons! The Grove Aquatic and Fitness Center supports a variety of sports and recreation with an indoor hockey rink, sports and fitness facilities and a water park. If that's not enough, there are also two golf courses in Inver Grove Heights: Inver Wood and Arbor Pointe. Inver Grove Heights is also home to Inver Hills Community College- a school that offers over 1200 courses throughout the year.
Convenient and Safe for Residents! With lower commute times than average, a stable housing market, and lower-than-average crime rate, Inver Grove Heights is a city to call home. In fact, the median rental rate is at $975 per month, making it comparable to other suburbs. For a shorter commute into the cities - look for homes north of 494 or along 52. To be close to the river and expansive trails, look for a place to call your own along Concord Blvd.
Lots of local shopping! With local businesses and restaurants - Inver Grove Heights is a charming community in its own right. There are several mom-and-pop shops like Suzy Santa Bags or Black Sheep Coffee Cafe. For a scenic view, Drifter's Bar and Grill offers a deck overlooking the Mississippi river, and Jersey's is a favorite restaurant for locals and visitors alike.