Rent to own Homes in Ottumwa, IA

Ottumwa is a city that grew to its current size almost solely due to the coal mining industry, but its history consists of much more than compressed and fossilized dead plants. From the huge Flood of 1851 to visits from five different presidents along the campaign trail, Ottumwa is a rarely heard of city that manages to stay relevant. After all, if Teddy Roosevelt, Harry Truman and Barack Obama all think the city is worth the visit, it really must be.

Ottumwa, IA is a great place for affordable rent-to-own homes! With a median household income of over $42,418 and a median rent of $765, the Ottumwa, 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 Ottumwa, 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.

Check out Ottumwa, IA rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 143
1 of 16 329 W MAIN ST
Rent To Own
 
Single Family Home
Fremont, IA 52561
2
2
1176 ft2
1947
1 of 14 southern iowa
Rent To Own
 
Multifamily (2 - 4 Units)
Southern Iowa, IA 52594
3
4
4600 ft2
2009
Hot
205 E RAILROAD ST
Rent To Own
 
Single Family Home
Delta, IA 52550
4
1
1500 ft2
1880
1 of 51 503 Park View Lane
Rent To Own
 
Multifamily (2 - 4 Units)
Oskaloosa, IA 52577
4
3
1406 ft2
2008
1 of 9 Iowa
Rent To Own
 
Multifamily (2 - 4 Units)
Unionville, IA 52594
3
4
4600 ft2
2009
1932 Gear Ave LOT 9
Rent To Own
 
Single Family Home
Fairfield, IA 52556
3
2
1444 ft2
1994
404 W BRIGGS AVE
Rent To Own
 
Single Family Home
Fairfield, IA 52556
4
2
2163 ft2
1900
620 N GREEN ST
Auction
 
Single Family Home
Ottumwa, IA 52501
3
3
1924 ft2
1929
725 GRACE ST
REO Foreclosure
 
Single Family Home
Ottumwa, IA 52501
2
1
832 ft2
1955
New
2172 ALBIA RD
Auction
 
Single Family Home
Ottumwa, IA 52501
2
1
1949 ft2
1988
New
506 MINNEOPA AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Ottumwa, IA 52501
3
1
728 ft2
1959
New
1 of 16 418 LILLIAN ST
Auction
 
Single Family Home
Ottumwa, IA 52501
3
2
1277 ft2
1915
1 of 22 603 S ADELLA ST
REO Foreclosure
 
Single Family Home
Ottumwa, IA 52501
1
1
816 ft2
1900
1 of 14 602 E FINLEY AVE
Auction
 
Single Family Home
Ottumwa, IA 52501
2
1
792 ft2
1900
1 of 21 428 N VAN BUREN AVE
Auction
 
Single Family Home
Ottumwa, IA 52501
2
2
1968 ft2
1940
1723 MOWREY AVE
Auction
 
Single Family Home
Ottumwa, IA 52501
2
1
640 ft2
1953
1 of 8 401 W PARK AVE
REO Foreclosure
 
Single Family Home
Ottumwa, IA 52501
4
4
2088 ft2
2006
New
752 N JEFFERSON ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Ottumwa, IA 52501
3
1
896 ft2
1950
1 of 37 703 MCKINLEY AVE
Auction
 
Single Family Home
Ottumwa, IA 52501
2
1
1404 ft2
1960
129 E COURT ST
Auction
 
Single Family Home
Ottumwa, IA 52501
3
2
2339 ft2
1910
320 OSCEOLA ST
REO Foreclosure
 
Single Family Home
Ottumwa, IA 52501
2
1
680 ft2
1920
817 ALLISON AVE
Auction
 
Single Family Home
Ottumwa, IA 52501
2
1
693 ft2
1952
1 of 14 307 PENNSYLVANIA AVE
REO Foreclosure
 
Single Family Home
Ottumwa, IA 52501
4
3
2058 ft2
1920
1 of 24 322 N WELLER ST
REO Foreclosure
 
Single Family Home
Ottumwa, IA 52501
3
2
1468 ft2
1904
614 WABASH AVE
REO Foreclosure
 
Single Family Home
Ottumwa, IA 52501
2
1
864 ft2
1900
1121 E 4TH ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Ottumwa, IA 52501
3
1
1271 ft2
1937
New
125 PENNSYLVANIA AVE
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Ottumwa, IA 52501
4
3
2793 ft2
1922
New
1 of 22 118 S WEBSTER ST
Auction
 
Single Family Home
Ottumwa, IA 52501
2
1
774 ft2
1950
1 of 24 736 MCKINLEY AVE
Auction
 
Single Family Home
Ottumwa, IA 52501
4
2
864 ft2
1962
1 of 65 224 PENNSYLVANIA AVE
Auction
 
Single Family Home
Ottumwa, IA 52501
4
2
2064 ft2
1931
1 of 5 1441 CASA BLANCA LN
Auction
 
Single Family Home
Ottumwa, IA 52501
4
1
912 ft2
1959
719 MORRIS ST
Auction
 
Single Family Home
Ottumwa, IA 52501
1
1
432 ft2
1950
1 of 20 105 N HANCOCK ST
Auction
 
Single Family Home
Ottumwa, IA 52501
2
1
1334 ft2
1908
1 of 8 1327 E 4TH ST
Auction
 
Single Family Home
Ottumwa, IA 52501
3
1
1595 ft2
1920
1309 BRENTWOOD DR
Auction
 
Single Family Home
Ottumwa, IA 52501
3
4
988 ft2
1955
1 of 13 525 W ROCHESTER RD
Auction
 
Single Family Home
Ottumwa, IA 52501
3
1
2019 ft2
1900
734 CENTER AVE
Auction
 
Single Family Home
Ottumwa, IA 52501
3
1
1680 ft2
1900
809 GLENWOOD AVE
REO Foreclosure
 
Single Family Home
Ottumwa, IA 52501
4
2
1415 ft2
1944
302 N FORREST AVE
Auction
 
Single Family Home
Ottumwa, IA 52501
2
1
1000 ft2
1920
10510 ANGLE RD
Auction
 
Single Family Home
Ottumwa, IA 52501
4
6
5476 ft2
1979
566 W MAIN ST
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Fremont, IA 52561
3
2
1372 ft2
1974
103 CASTER ST
Auction
 
Single Family Home
Eldon, IA 52554
3
1
1544 ft2
1883
Hot
405 W LOCUST ST
REO Foreclosure
 
Single Family Home
Bloomfield, IA 52537
3
3
1720 ft2
1972
2317 9TH AVE E
REO Foreclosure
 
Single Family Home
University Park, IA 52595
2
1
858 ft2
1980
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52501 rent to own homes

Buying a Home in Ottumwa, IA

Ottumwa, IA is seeing rapid growth and Ottumwa, IA's' housing market remains optimal with an average home price that is -65% below the 2024 national average. Ottumwa, IA is part of Wapello 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 Wapello is 1.4% which is above the national average, which is 0.99%.

Median Home Price in Ottumwa, IA

Median Rent in Ottumwa, IA

Rent to own homes offer low monthly payments and flexible terms.

Top 3 Reasons to Live in Ottumwa, IA

Great home values! Ottumwa has the perfect combination of factors related to its home market to make the area a great value for those looking to move. In the past decade alone, the city's house values have appreciated at a rate nearly double the national average. Though this rate has slowed in recent years, it is still going up. Add that to the fact that the median housing cost in the area is nearly 60 percent lower than the national average, and this means those looking to move north near the Ottumwa Municipal Golf Course or south to be near the Des Moines River are all getting a great value.

Artistic endeavors of all kinds! Ottumwa is the place for artists and art lovers of all kinds. This is the location of Twin Galaxies, so those interested in the art of video games will love this place. After all, it was declared the Video Game Capital of the World. For those into more traditional artistic styles, the Bridge View Center has Broadway performances, concerts and movie showings. The center even hosts Bullriders of America events.

Amazingly low cost of living! Whether an individual is looking for rent to own houses or is ready to purchase property, they're going to save money in the area due to the low cost of living. Driven by low housing costs, Ottumwa's cost of living index is a full 22 points lower than the national index. Home prices are exceptionally low, but those looking to rent will save money as well. Whether a person wants a studio apartment near Indian Hills Community College or a three-bedroom house near Railroad Park, they will be paying a 30 to 35 percent lower rental cost than the average person in America.