Rent to own Homes in Coralville, IA
Coralville, located just outside Iowa City is conveniently located near the University of Iowa and its world class medical center. Coralville is part of Johnson County, situated in eastern Iowa. It is home to the Iowa City Children's Museum, the Coral Ridge Mall and is a short drive to take in a University of Iowa football game at Kinnick Stadium or basketball game at the Carver-Hawkeye arena.
Coralville, IA is a great place for affordable rent-to-own homes! With a median household income of over $68,230 and a median rent of $910, the Coralville, IA 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 Coralville, IA. 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 Coralville, IA Property Resources
Rent to own Homes in Cities Near Coralville, IA
- Alburnett
- Amana
- Anamosa
- Atkins
- Bertram
- Cedar Rapids
- Center Point
- Central City
- Coggon
- Coralville
- East Amana
- Ely
- Fairfax
- Hiawatha
- High Amana
- Homestead
- Iowa City
- Lisbon
- Marion
- Martelle
- Middle Amana
- Mount Vernon
- Newhall
- North Liberty
- Norway
- Oxford
- Palo
- Prairieburg
- Robins
- Shellsburg
- Shueyville
- Solon
- Springville
- Stone City
- Swisher
- Tiffin
- Toddville
- University Heights
- Urbana
- Walford
- Walker
- Watkins
Neighborhoods in Coralville, IA
Coralville rent to own homes Kirkwood rent to own homes West Coralville rent to own homesPopular Zip Codes in Coralville, IA
52241 rent to own homesBuying a Home in Coralville, IA
Coralville, IA is seeing rapid growth and Coralville, IA's' housing market remains not optimal with an average home price that is 11% above the 2024 national average. Coralville, IA is part of Johnson 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 Johnson is 1.43% which is above the national average, which is 0.99%.
Median Home Price in Coralville, IA
Median Rent in Coralville, IA
Top 7 Reasons to Move to Coralville, IA
Variety of restaurants: Coralville is home to area favorites, including Three Samurai, a hibachi grill and sushi restaurant that is great for group dinners and offers cooking entertainment while dining, thanks to the table side hibachi chefs.
Leisure activities: Coralville's golf course, Brown Deer Golf Club is an 18-hole public golf course, with a clubhouse, DIVOTS! Bar and Grill, driving range, pro-shop, practice green and facility rentals.
Shopping and dining: Iowa River Landing is a 180-acre mixed-use development situated along the Iowa River, in Coralville. It is anchored by the Marriott Hotel and includes residential, entertainment, office and retail space. Visitors can dine at Backpocket Brewing, Edgewater Grille & River Bar, Scratch Bakery or Konomi Grill. Shopping includes Von Mour, True Style Boutique and WineStyles Tasting Station.
Cultural destination: The Iowa Children's Museum, located in the Coral Ridge Mall, has exhibits ranging from art to music to financial literacy. Volunteering at the museum is a good way to become involved within the community.
Shopping destination: The Coral Ridge Mall is a super shopping mall that serves much of eastern Iowa. It is managed by leading shopping mall REIT, General Growth Properties. It boasts a massive food court, 10-screen movie theater, an NHL regulation-sized ice rink (where you can catch a University of Iowa hockey game) and is anchored by Dillard's, Target and Best Buy.
Housing rental opportunities: Owning property in Coralville provides the opportunity to earn additional income renting to residents in Coralville or in the surrounding towns. At a median rental price of $693, residents will want to rent your property! Look for a house in the neighborhood around Avenue Place or Coral Court.
Interest rates still low: Mortgage rates remain around 4.5 percent, but they are predicted to rise. Coralville has rent to own housing options in neighborhoods such as Terra Woods or Tower Ridge, to help new buyers transition from tenant to home owner, before interest rates go up.