Rent to own Homes in Moscow, ID
This city of just about 24,000 people is home to the University of Idaho and the county seat. Situated next to the border with Washington, Moscow, Idaho is also an agricultural hub in the heart of the wheat growing country known as the Palouse. The town was actually named after Moscow, Pennsylvania, not the more famous Russian city. The region is close to incredible outdoor recreation that can be experienced in all four seasons.
Moscow, ID is a great place for affordable rent-to-own homes! With a median household income of over $42,262 and a median rent of $722, the Moscow, 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 Moscow, 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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Rent to own Homes in Cities Near Moscow, ID
Neighborhoods in Moscow, ID
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83844 rent to own homesBuying a Home in Moscow, ID
Moscow, ID is seeing rapid growth and Moscow, ID's' housing market remains not optimal with an average home price that is 11% above the 2024 national average. Moscow, ID is part of Latah 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 Latah is 0.75% which is below the national average, which is 0.99%.
Median Home Price in Moscow, ID
Median Rent in Moscow, ID
4 Reasons to Love Living in Moscow, Idaho
Wide-ranging cultural diversions! Moscow's history and the fact that it's home to the U of I combine to create some unique and interesting things to do. The Appaloosa Museum and Heritage Center is a collective homage to the horse breed, with interesting displays. The University of Idaho Arboretum & Botanical Garden is a beautiful garden space, framed by the natural palate that is the Palouse.
Affordable quality homes! The median sales price for 2014 was $217,242, moderately up from the year before and representative of stable market. That price is higher than much of Idaho, but rent to own homes here are a sound investment. Near the university, naturally, are large homes and smaller studio or one-bedroom setups and that's the case near New St. Andrews College as well. To the east past South Mountain View Road you will find traditional ranch-style homes on large lots.
Eat, shop and play! Along with Pullman, Washington, located just across the border, Moscow is a regional shopping and business center, albeit small. Palouse Mall has some nice variety, while eateries like Sangria Grille on W. Pullman Road tempt the palate. For fans of the first meal of the day, The Breakfast Club on S. Main Street is a must. Golf fans can take to the greens at the University of Idaho Golf Course, which is public and located right next to the Arboretum.
Big rental market! The percentage of owner-occupied homes here is almost 20% less than the national average. That means people looking at rent to own houses have more choices. Once you close the deal on your house, it's time to discover your community. This is an art lover's town, with fairs and festivals throughout the year. Prichard Art Gallery is a highly-regarded institution celebrating the visual arts. Third Street Gallery occupies the 2nd and 3rd floors of the City Hall building.