Rent to own Homes in Challis, ID

Challis, ID is a great place for affordable rent-to-own homes! With a median household income of over $21,640 and a median rent of $548, the Challis, ID 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 Challis, ID. 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 Challis, ID rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 10 of 10
500 S 3RD ST
Rent to Own Eligible
 
Single Family Home
Challis, ID 83226
4
2
2109 ft2
1948
Hot
830 E MAIN AVE
Rent to Own Eligible
 
Single Family Home
Challis, ID 83226
3
1
1812 ft2
1947
1 of 10 100 W MAIN AVE
Rent to Own Eligible
 
Single Family Home
Challis, ID 83226
3
3
2016 ft2
1994
110 E MAIN AVE
Rent to Own Eligible
 
Single Family Home
Challis, ID 83226
3
1
1292 ft2
1898
Hot New
350 ROD AND GUN CLUB LOOP
Rent to Own Eligible
 
Single Family Home
Challis, ID 83226
3
2
2576 ft2
1979
20 STEPHENS RD
Rent to Own Eligible
 
Single Family Home
Challis, ID 83226
3
2
2364 ft2
1980
Hot
1 of 56 720 S 12TH ST
Rent To Own
 
Single Family Home
Challis, ID 83226
4
3
3264 ft2
1981
1 of 46 15 Lakewood Pl
Rent To Own
 
Multifamily (2 - 4 Units)
Salmon, ID 83467
2
2
1000 ft2
1979
New
1110 VIKING WAY
Auction
 
Single Family Home
Challis, ID 83226
4
2
2778 ft2
2007
New
400 S 12TH ST
Auction
 
Single Family Home
Challis, ID 83226
4
2
1848 ft2
1969
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Buying a Home in Challis, ID

Challis, ID is seeing rapid growth and Challis, ID's' housing market remains optimal with an average home price that is -29% below the 2024 national average. Challis, ID is part of Custer 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 Custer is 0.43% which is below the national average, which is 0.99%.

Median Home Price in Challis, ID

Median Rent in Challis, ID

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