Rent to own Homes in Pocatello, ID
Charming Old Town! Pocatello has done a lot of work in recent years to revamp the Old Town area, and the city is starting to reap rewards. Stop in for a cup of java at Main Street Coffee and News or shop for unique antiques and gifts at Annie Hall's Vintage Antiques on Center Street.
Pocatello, ID is a great place for affordable rent-to-own homes! With a median household income of over $46,882 and a median rent of $661, the Pocatello, 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 Pocatello, 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 Pocatello, ID
Neighborhoods in Pocatello, ID
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Pocatello, ID is seeing rapid growth and Pocatello, ID's' housing market remains optimal with an average home price that is -29% below the 2024 national average. Pocatello, 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 Pocatello, ID
Median Rent in Pocatello, ID
11 Reasons to Live in Pocatello, Idaho
Native and Pioneer History! The entire region is rich in history dating back to when Native Americans were the only people calling the region home and continuing through pioneer settlement. See wagon ruts still existing on the Oregon Trail or visit the nicely restored Fort Hall replica.
Good Home Values! The average listing price for a home in March 2014 sat at $164,614, up substantially since the downturn. The Tyhee neighborhood west of Yellowstone Ave. and the Chubbuck community have seen big gains. Investigate rent to own options while the market is solidifying.
Hiking and Biking! The area around Pocatello is full of great trails. Hike City Creek or Trail Creek for a fun afternoon stroll or get your tires on trails with names like Valve House and Porcelain Pot.
Rebounding Real Estate Market! Bank-owned foreclosures were down over 85% in early 2014 from the year prior. That's indicative of a market that is bouncing back rapidly. Taking advantage of rent to own houses can get your foot in the door. Attractions in town that add to neighborhood value are places like the Portneuf Greenway and the Pocatello Zoo.
Interesting Museums! The intriguing Don Aslett Museum of Clean is a 70,000 square foot gallery that includes the world's largest collection of vacuum cleaners. The Bannock County Historical Museum has displays about the area, while the Idaho Museum of Natural History offers more.
Great Brews! Portneuf Valley Brewing on 1st Avenue fills up your glass with fantastic craft brews. Try the Blue Heeler or the Hofbrau for great selections as well.
Apartment Selections! For a smaller town, this city has more variety in apartment choices than you might expect. From larger complexes like Bengal Creek or Pocatello Heights to single units and rent to own homes, you can find a lot to choose from.
Close to Amazing Outdoor Recreation! In addition to being near world-famous Yellowstone and Grand Teton National Parks, Pocatello is also near the Caribou-Targhee National Forest, with millions of acres of recreational opportunities, from hunting and fishing to camping and exploring. Explore on your own or look into hiring a local guide if you are new to the area and want some local expertise.
Variety of Neighborhoods! From open land with room for horses to studio apartments in town, there's a large selection of housing to choose from. Just over 55,000 people reside in 18 recognized neighborhoods in town. Whether centered around Old Town or out near the freeway, there is a nice variety.
Great Winter Fun! The snow comes in heaps in the hills and mountains around here. Go snowboarding or skiing at nearby Pebble Creek or give cross country a go at one of the many Nordic ski trails close to town.