Rent to own Homes in Newton, IA
Situated roughly 30 minutes outside of Des Moines, the city of Newton serves as the county seat of Jasper County, Iowa. With a rich manufacturing history rooted in the Maytag industry, Newton is an alluring town. Its Maytag Dairy Farms is a family-run cheese making business known for its impressive blue cheese creations. Newton is also home to the Iowa Speedway, the fastest short track on the planet and a popular hub of motor sports.
Newton, IA is a great place for affordable rent-to-own homes! With a median household income of over $48,417 and a median rent of $747, the Newton, 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 Newton, 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.
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Rent to own Homes in Cities Near Newton, IA
Neighborhoods in Newton, IA
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50208 rent to own homesBuying a Home in Newton, IA
Newton, IA is seeing rapid growth and Newton, IA's' housing market remains optimal with an average home price that is -43% below the 2024 national average. Newton, IA is part of Jasper 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 Jasper is 1.45% which is above the national average, which is 0.99%.
Median Home Price in Newton, IA
Median Rent in Newton, IA
Top 6 Reasons to Live in Newton, Iowa
Meet your neighbors at local festivities! Each year musicians descend on the city for the Bowlful of Blues music festival. Another festival to look forward to is the annual Iowa Sculpture Festival, where countless Midwest artists display their crafts amid plenty of culinary treats and activities.
Check out the cultural attractions! Visitors will love exploring The Newton Arboretum and Botanical Gardens and its six full acres of floral wonders. The Newton Community Theatre offers a steady line-up of plays, while the Jasper County Historical Museum's collection of agricultural and industrial exhibits is the perfect spot for an educational retreat.
Appetizing dining options! Foodies will enjoy Newton's assortment of local dining venues, from Italian fare at Newton Pizza Ranch to chips and dip at Taco John's. Stop by Goldie's Ice Cream Shoppe for a sweet post-meal treat or unwind with a glass of wine at Sugar Grove Vineyards, which provides locals with Iowa-made wine and beer.
Sports and outdoor recreation! Score a hole in one at Westwood Golf Course or take an evening stroll through scenic Westwood Park. Whether you enjoy hiking or biking nature trails, the City of Newton Hike and Bike Trail makes it easy to do both. Nature lovers will enjoy bird-watching or cross-country skiing at the Jacob Krumm Nature Preserve.
Low cost of living! Residents of Newton enjoy the city's low housing and rental costs, which are 45 percent and 32 percent lower than the national averages, respectively. Similarly, the city's overall cost of living is roughly 17 percent less than the average nationwide. Spend those savings on tickets to Hollywood's new releases at Capitol II Theatre or bowling strikes at Cardinal Lanes.
Home values have gone up! According to the city-data website, the median house value for Newton in 2012 was $102,272 compared to 2000 when it was $79,000. That means that home values have gone up significantly in 12 years. To find an affordable home, check out the neighborhoods around 1st Avenue West and South 3rd Avenue.