Rent to own Homes in White Bear Lake, MN
Initially a resort town for Minneapolis-based vacationers, White Bear Lake still holds the natural beauty and recreational appeal that made it such a popular getaway in the late 1800s. The close-knit community is home to 23,797 residents as well as several stunning parks, an eclectic array of downtown boutiques, and Minnesota's finest community college. Described by current residents as the City of Lakes and Legends, White Bear Lake's friendly atmosphere is the epitome of Minnesota Nice.
White Bear Lake, MN is a great place for affordable rent-to-own homes! With a median household income of over $70,981 and a median rent of $1,215, the White Bear Lake, 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 White Bear Lake, 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 White Bear Lake, MN Property Resources
Rent to own Homes in Cities Near White Bear Lake, 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 White Bear Lake, MN
No neighborhoods foundPopular Zip Codes in White Bear Lake, MN
55110 rent to own homesBuying a Home in White Bear Lake, MN
White Bear Lake, MN is seeing rapid growth and White Bear Lake, MN's' housing market remains not optimal with an average home price that is 11% above the 2024 national average. White Bear Lake, MN is part of Ramsey 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 Ramsey is 1.05% which is above the national average, which is 0.99%.
Median Home Price in White Bear Lake, MN
Median Rent in White Bear Lake, MN
Top 6 Reasons to Live in White Bear Lake, MN
Vibrant downtown area! Although it possesses plenty of suburban staples, White Bear Lake is also home to a unique and very nostalgic downtown area. Residents have the opportunity to support local boutiques and cafes all while enjoying the homey feel of a bygone era. Popular stores include the Bear Patch Quilting Co. and the Avalon Gift Shoppe.
Frequent community events! Community is incredibly important in White Bear Lake. Residents are always friendly, but they become especially close while attending the town's many local events. Marketfest, a shopping, food and music extravaganza, takes place every Thursday evening between mid June and late July. Music is also the focus at the weekly Music with a Side of Apres Lakeside Live, which features local artists. Every Friday, neighborhood residents gather to purchase fresh produce and other unique items at the weekly farmers market.
Plenty of restaurants to choose from! Members of the White Bear Lake community loving eating out. From Rudy's Redeye Grill to the Bear Town Bar and Grill, there is always a new and exciting restaurant to explore.
Gorgeous scenery! The city of White Bear Lake is named, of course, for the gorgeous lake on its western border. This is just one of several pristine lakes located in and around the suburb, which is also home to Bald Eagle Lake, Otter Lake, Birch Lake and Goose Lake. Lovely natural scenery is also abundant at Tamarack Nature Center and the Bald Eagle-Otter Lake Regional Park.
Beautiful homes! White Bear Lake was originally regarded as something of a resort town for those hoping to escape the hustle and bustle of Minneapolis and St. Paul. Several historic homes such as the Fillebrown House and the Leip House are still standing. The more recently built properties are also beautiful, with many homes for sale overlooking the area's many gorgeous lakes.
Low vacancy rate! Minnesotans are clamoring to live in the Lakewood Hills Apartments and the Pinehurst Apartments, but they are also eager to take advantage of White Bear Lake's rent to own opportunities. The vacancy rate for homes and apartments is low, with only 3.69 percent of houses currently vacant.