Rent to own Homes in Woodbury, MN
Woodbury, Minnesota, sits in Washington County. It is a suburb of the Twin Cities and a part of that metro area. It sits on the east side of Saint Paul and on Interstate 94, providing easy access to many of the jobs and amenities these big cities offer. The city, with a population of about 62,000, is known for its modern lifestyle, beautiful landscapes and quality of life. Finding a rental here is often very easy to do. No matter if you want to buy a rental property or invest in a home for sale, this community offers numerous reasons to do just that.
Woodbury, MN is a great place for affordable rent-to-own homes! With a median household income of over $108,055 and a median rent of $1,503, the Woodbury, 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 Woodbury, 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 Woodbury, MN Property Resources
Rent to own Homes in Cities Near Woodbury, 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 Woodbury, MN
No neighborhoods foundBuying a Home in Woodbury, MN
Woodbury, MN is seeing rapid growth and Woodbury, MN's' housing market remains not optimal with an average home price that is 55% above the 2024 national average. Woodbury, MN is part of Washington 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 Washington is 0.96% which is below the national average, which is 0.99%.
Median Home Price in Woodbury, MN
Median Rent in Woodbury, MN
Top Reasons to Live in Woodbury, MN
Housing Statistics One of the factors to consider when looking at rent to own homes in Woodbury are the current housing statistics. The average listing price of a home here is $344,474 as of August 2013. For the second quarter of 2013, the median sale price of homes in Woodbury was $269,609. During that time frame, 362 homes sold. This makes for the ideal scenario for many buyers. For those thinking about rental houses and rental property, consider a few more factors. The annual residential turnover here is 20 percent. The median years in residence for homeowners in the area is three years.
Weather and Climate In terms of the weather in Woodbury, individuals will find wet and cold winters to be common. Snow is a factor that many have to deal with on a daily basis. The summer months tend to be warm and not too humid. Highs in August reach the mid-80s, and lows in the winters can reach to below zero.
Arts and Culture Woodbury, being a small town, does not have a large number of museums or arts and cultural facilities, but it does have numerous churches and local dance studios. The Woodbury Dance Center and Woodbury Community Theater are two of the cultural components here. Also, being just a short drive to Saint Paul, Woodbury provides excellent opportunities to visit locations such as the Ordway Center for Performing Arts, where the Minnesota Orchestra performs, as well as numerous museums including the Schubert Club Museum of Musical Instruments, The Minnesota Children's Museum, and the Minnesota History Center.
Tourist Attractions Woodbury, which has a large number of outdoor spaces, does not have numerous tourism destinations. Being so close to the Twin Cities, though, allows individuals to have easy access to the numerous amenities there. In Woodbury, visitors can check out Central Park, Carver Lake Beach and the Veterans Memorial. The Fieldhouse, Eagle Valley Golf Course and numerous churches all provide a taste of the culture here. Other tourist attractions in Woodbury would put you in the heart of the Twin Cities. Visit Bielenberg Sports Center to catch a game or Pioneer Park to have some outdoor fun. Ojibway Park is another option and is ideal for the kids.
Largest Employers and Industries On another note, it is just as important for individuals planning to buy a home for sale in Woodbury to consider the city's economy and its main employers. The city's largest employers include South Washington County Schools, Woodwinds Health Campus, The Hartford, Woodbury Senior Living and Globe University. Individuals may wish to consider a range of rental options in the heart of Woodbury.