Rent to own Homes in Chubbuck, ID
Nestled near the Pocatello Mountain Range, Chubbuck is located in Bannock County and has a population estimated at just over 14,000. Chubbuck is a city that prides itself on community engagement and hosts numerous festivals throughout the year. Residents rave about the stable housing market where homes can be had below the mean in the United States. Chubbuck is home to more than ten parks with each offering recreational space for sports, hiking, mountain biking, jogging and more.
Chubbuck, ID is a great place for affordable rent-to-own homes! With a median household income of over $61,442 and a median rent of $901, the Chubbuck, 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 Chubbuck, 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.
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Chubbuck, ID is seeing rapid growth and Chubbuck, ID's' housing market remains optimal with an average home price that is -13% below the 2024 national average. Chubbuck, ID is part of Bannock 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 Bannock is 0.96% which is below the national average, which is 0.99%.
Median Home Price in Chubbuck, ID
Median Rent in Chubbuck, ID
Top 5 Reasons to Live in Chubbuck, ID
Great annual events! Celebrate the history of the city at the annual Chubbuck Days in August of every year. Held over the course of a weekend, the festival includes a dance on Friday night, a parade and antique car show on Saturday and live concerts on Sunday. Or, head to Cotant Park to watch the Eastern Idaho Scottish Games, where local athletes face-off in heavyweight competitions like the stone put and hammer throw.
Numerous local parks! Chubbuck is home to the largest tennis facility in Eastern Idaho, Bicentennial Park. It includes 12 indoor courts that are open throughout the year to tennis enthusiasts. For traditional park related activities like hiking, walking and mountain biking, head to Armstrong Park for more than 10 miles of trails.
Excellent local attractions! Anyone who loves shopping for a good bargain will want to peruse the stores at Pine Ridge Mall, including Sears, Herberger's and JC Penney. Foodies should check out Geraldine's Bake Shop & Restaurant. Considered a local institution, it is a must visit destination for their decadent cinnamon rolls or their homemade chocolate chip cookies.
Great rentals! If you are considering a rent to own home, Chubbuck has a sizable vacancy rate and affordable rent at a median price of $870. Currently, 40 of the 200 homes for sale are offered for rent. With many options available, neighborhoods like Pleasant Ridge Dr or Raven Way offer the best values.
Affordable homes! In the United States the median price of homes currently listed for sale is $214,000; however, in Chubbuck this figure dips to just $185,000. Given that Chubbuck is becoming more popular due to its numerous local amenities, it stands to reason that this figure may grow in the coming years. Now is the time to get a great deal on a property in a community like Washburn St or Mountain Park Rd.