Rent to own Homes in South St. Paul, MN
South St. Paul is a city that is rich in culture and near all the opportunities afforded by the Twin Cities. Foodies are bound to fall in love with South St. Paul, thanks to the range of cuisine served at area restaurants. From the falafel and lamb at Black Sea Restaurant to the spicy noodles at On's Kitchen, a dish exists in this neighborhood to please any palette.
South St. Paul, MN is a great place for affordable rent-to-own homes! With a median household income of over $63,204 and a median rent of $898, the South St. Paul, 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 South St. Paul, 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 South St. Paul, MN Property Resources
Rent to own Homes in Cities Near South St. Paul, 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 South St. Paul, MN
Hepburn Park rent to own homes Spring Park rent to own homes Oak Park rent to own homes Mississippi Landing rent to own homes Riverside Park rent to own homes South Park rent to own homesPopular Zip Codes in South St. Paul, MN
55075 rent to own homesBuying a Home in South St. Paul, MN
South St. Paul, MN is seeing rapid growth and South St. Paul, MN's' housing market remains optimal with an average home price that is -5% below the 2024 national average. South St. Paul, 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 South St. Paul, MN
Median Rent in South St. Paul, MN
Top 3 Reasons to Live in South St. Paul, MN
Enjoy a buyer's market! Home prices in South St. Paul increased by nearly 9% between late 2013 and late 2014. An additional increase in home values of about 3% is expected in 2015. The neighborhood has a median home sale price of just under $170,000, a steal when compared to real estate in most other major cities around the country. Many rent to own homes and other properties in South St. Paul neighbor the Mississippi River and the Mississippi National River and Recreation Area, offering a chance for great views and plenty of activity.
Your pooch is welcome! South St. Paul is a dog-friendly city, as evidenced by Kaposia Landing Off-Leash Dog Park, located on Bryant Avenue. Only a handful of parks exist in the Twin Cities area that permit dogs to play freely, and this is one of them! The 6.3-acre park has a fenced perimeter to keep your dogs safe while they run leash-free. Plenty of trash receptacles are provided, as are sheltered areas and picnic tables. An annual permit is required to use the park, which is open to both South St. Paul residents and other Twin Cities residents. The public dog park is open daily from 10 a.m. until 6 p.m. After a day of fun at the park, take Fido to La'Pooch Salon for some TLC.
Two-bedroom properties in demand! While homes for sale in South St. Paul saw a dip in median sales price between late 2013 and late 2014, two-bedroom homes in South St. Paul saw an overall increase. In fact, the median sale price of two-bedroom properties rose by more than 10% during the same time frame. The average price per square foot also increased for both two- and three-bedroom properties in this Twin Cities community. Many homes between Concord Street South and 7th Avenue benefit from the increased demand for and value of two-bedroom properties. After a day of moving into your new home, treat yourself to a tasty pie at Angelo's Pizza or some noodles at Thai Ginger.