Rent to own Homes in Idaho Falls, ID
Amazing employment opportunities: Idaho Falls is home to some of the largest employers in Idaho, including INL, major local brewers like Budweiser and manufacturers like Teton Steel and Pacific Recycling. The plethora of job opportunities makes Idaho Falls a great place to buy, rent or rent to own a home.
Idaho Falls, ID is a great place for affordable rent-to-own homes! With a median household income of over $56,590 and a median rent of $787, the Idaho Falls, 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 Idaho Falls, 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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Idaho Falls, ID is seeing rapid growth and Idaho Falls, ID's' housing market remains optimal with an average home price that is -17% below the 2024 national average. Idaho Falls, ID is part of Bonneville 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 Bonneville is 0.79% which is below the national average, which is 0.99%.
Median Home Price in Idaho Falls, ID
Median Rent in Idaho Falls, ID
14 Reasons to Rent to Own a Home in Idaho Falls, ID
Nightlife! Like to have fun after dark? There's plenty of opportunities in Idaho Falls, ID. For great beers, there are pubs like Peppertree Lounge. For music, go to Firehouse Grill.
Housing opportunities: The city of Idaho Falls is constantly growing, with new housing opportunities and continual suburban expansion. If you want to rent, you'll be able to do it! Expect to pay about $675 per month for your apartment.
Historical homes: Idaho Falls is a mid-sized city with immense historical value. Rent to own houses are especially popular among young buyers and high-value real estate opportunities are on the rise. If you want to learn about the area, check out the Museum of Idaho or the Art Museum of Eastern Idaho.
Rent to own: New buyers can rent to own homes in historical downtown or the bustling metropolitan shopping area of Idaho Falls. With a highly stable and consistently growing market, buyers see low rates and high value. If you want to buy, expect to pay about $140,367 for a home. Consider looking near Tautphaus Park or Tautphaus Park Zoo.
Best place to live: Idaho Falls is considered a large city with small town values and community stability. It consistently ranks in the top 100 places to live in America lists. Some of the best neighborhoods in this great area include East Sunnyside and Lomax.
Environmentally friendly: Idaho Falls offers highly sustainable living and focuses on alternative energy. Finding an opportunity to rent to own a home will offer both value and environmentally friendly living. If you want to own a home, it's a good time to buy. Prices are going up and have increased about 22.7% in the last few year. Consider looking in beautiful neighborhoods like the Pinecrest Municipal Golf Course or the Grand Teton Mall.
Busy night life: The Peppertree Lounge offers a complete musical experience, with music every week, a comedy night and karaoke. Considered some of the best live music offered in Idaho, large touring bands from around the nation can often be seen at this large concert venue. To buy great CDs in town, check out Chesbro Music Co.
Wine tasting: Groups can enjoy the vintage wine tasting experience offered by MarCeller's Vintage Wines and Brews, one of the largest wineries in South East Idaho. Visitors to MarCeller's will be treated to a complete wine experience. If you want to have another great cocktail in town, check out D'railed.
Golfing: The Pinecrest Municipal Golf Course is one of the most beautiful attractions in Idaho Falls. Home to wildlife and beautiful scenery, you can play a round and get a delicious bite here. Want to buy golf gear? Go to Play It Again Sports in town.
Boutiques and restaurants: Local businesses are constantly being established in Idaho Falls. Residents will find charming local boutiques with specialty items and family owned local restaurants with some of the finest tasting cuisine. Want to shop? Check out great venues like Fred Meyer and C-A-L Ranch Store.
Amazing zoo: Tautphaus Park Zoo is one of the most well-funded zoos in Idaho and constantly receives new animals. Home to species from more than five continents, the Tautphaus Park Zoo also has one of the largest children's educational zoos in the area. If you just want a pet to live at home, Peaches Pets Feed is a great place to look.
Historical value: Residents can visit the Museum of Idaho, one of the largest museums in the region which receives major exhibits directly from the Smithsonian on tri-monthly tours.
Major shopping: Considered one of the major metropolitan areas in South East Idaho, Idaho Falls consistently brings in new retailers. Some of the best destinations are Skyline Shopping Center and Shopko.