Rent to own Homes in Sterling, CO
Sterling, CO is the largest town in Logan County. It features outstanding food, has plenty of fun things to do and is in a great location. Sterling is only 127 miles outside of Denver, so people who live here are still able to visit the big city on the weekends. You may not ever need to leave though because there's plenty to do in Sterling.
Sterling, CO is a great place for affordable rent-to-own homes! With a median household income of over $40,956 and a median rent of $814, the Sterling, CO 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 Sterling, CO. 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.
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Sterling, CO is seeing rapid growth and Sterling, CO's' housing market remains optimal with an average home price that is -35% below the 2024 national average. Sterling, CO is part of Logan 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 Logan is 0.63% which is below the national average, which is 0.99%.
Median Home Price in Sterling, CO
Median Rent in Sterling, CO
6 Reasons to Move to Sterling, CO
Wet and wild fun. Lakes are in short supply in Colorado, but Sterling is near two large bodies of water. The North Sterling Reservoir offers visitors an opportunity to enjoy the great outdoors while camping, hiking, picnicking or bird watching. At the Prewitt Reservoir, visitors can boat, bike, hunt, hike and fish.
House values are going up. The average house value in Sterling was $75,800 in 2000. In 2012, it rose substantially to $97,809. Some good neighborhoods to shop for homes are the Sidney Avenue and Westview Drive communities.
You can get a great deal. If you're looking for a rent to own home or a unit that is for sale by owner, you're sure to find a property within your price range in Sterling. Detached houses typically sell for around $110,973 and townhouses or other attached units usually sell for $152,220. Rent is also affordable in Sterling. In 2012, the average rent was $629. Homes in the neighborhoods of Third Avenue and Park Street are particularly affordable.
Good food at great local joints. Sterling has some fantastic, original restaurants. The Gallagher's River City Grill has some of the area's best steaks with bountiful plates of food and a comfortable atmosphere. Old Town Bistro is located in a building built in 1926 and features upscale dining.
Queen City of the Plains. Sterling started out as a mining town and became known as the Queen City of the Plains and a Colorado Treasure. It's the largest town in the area and home to a variety of scenic viewing areas, such as North Sterling State Park and Columbine Park, which has the town's living-tree sculptures.
A town full of history. When you live in Sterling, you can visit several historic areas, such as the Overland Trail Museum, the Central House Hotel and Stoney Buttes School from 1911. The museum has been opened in the original building, but since then, many improvements have been added.