Rent to own Homes in Rosemount, MN
Situated in the heart of Dakota County, Rosemount is a city of just under 22,000 inhabitants which dates back to the middle of the nineteenth century. The city is home to the largest oil refining plant in the state and covers an area of about 35 square miles. Rosemount is a few miles drive from Interstate 35, which runs to the west of the city and connects it to Minneapolis, in the north, and the border with Iowa, in the south.
Rosemount, MN is a great place for affordable rent-to-own homes! With a median household income of over $110,573 and a median rent of $1,372, the Rosemount, 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 Rosemount, 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 Rosemount, MN Property Resources
Rent to own Homes in Cities Near Rosemount, MN
- Arden Hills
- Brooklyn Center
- Brooklyn Park
- Cannon Falls
- Chanhassen
- Columbia Heights
- Cottage Grove
- Crystal
- Deephaven
- Dennison
- Elko New Market
- Gem Lake
- Hampton
- Hastings
- Inver Grove Heights
- Lake Elmo
- Landfall
- Maplewood
- Medicine Lake
- Mendota
- Mendota Heights
- Mounds View
- New Brighton
- Newport
- New Trier
- Northfield
- North St. Paul
- Oakdale
- Prior Lake
- Randolph
- Robbinsdale
- Rosemount
- Roseville
- Shakopee
- Shoreview
- Shorewood
- South St. Paul
- St. Louis Park
- St Paul
- Saint Paul
- St. Paul Park
- Sunfish Lake
- Vadnais Heights
- Vermillion
- Wayzata
- Webster
- West St. Paul
- White Bear Lake
- Woodbury
- Woodland
Neighborhoods in Rosemount, MN
Valley Oak rent to own homes Bloomfield rent to own homes Downtown Rosemount rent to own homes Rosemount Hills rent to own homes Stonebridge rent to own homes Meadows Of Bloomfield rent to own homes Country Hills rent to own homes O'Learys Hills rent to own homesPopular Zip Codes in Rosemount, MN
55068 rent to own homesBuying a Home in Rosemount, MN
Rosemount, MN is seeing rapid growth and Rosemount, MN's' housing market remains not optimal with an average home price that is 36% above the 2024 national average. Rosemount, 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 Rosemount, MN
Median Rent in Rosemount, MN
Top 4 Reasons to Live in Rosemount, Minnesota
The growth of house prices! From Dodd Boulevard, which runs diagonally through the southern part of Rosemount, to McAndrews Road, in the north, the median house price in the city has grown steadily since 2000. All sorts of properties, including rent to own homes, have seen investment returns which have been in excess of the national average. Most of the dwellings in Rosemount are owner-occupied, but about 12 per cent are in the rental sector.
The high-quality parkland! Rosemount boasts some excellent open spaces, not just on the campus of the University of Minnesota, which is partially situated within the city limits. Erickson Park and Central Park are two superb examples of the sort of parkland the city has to offer, with great picnic sites, softball and tennis facilities, and walking trails. Covering an area that is in excess of 55 acres, Innisfree Park, to northeast of the city and accessed via Evermore Parkway, offers nature areas, barbecue grills and a lake which attracts lots of wildlife.
The great places to dine out! You don't have to drive into downtown Minneapolis to enjoy a good meal out in the vicinity of Rosemount. Chee's Cafe and Shenanigans Pub, both on South Robert Trail, serve hearty and tasty food. Fireside Restaurant and Bar is located next to the pond ice rink on 150th Street West and has a particularly popular breakfast menu. Alternatively, seek out Eddie Cheng Restaurant, near to the local Aldi store, for a taste of the orient.
The variety of housing! Rosemount has some diverse housing stock meaning that all sorts of property can be found. About a third of the properties have four or more bedrooms and approximately the same number have two, or fewer, bedrooms. The remaining third is taken up by three bedroom homes. The majority of the dwellings are detached, especially in residential areas such as Chippendale Park or Bloomfield Path.