Rent to own Homes in Post Falls, ID
Post Falls was founded in 1871 by Frederick Post, who built a lumber mill in the area during that time. The city was later incorporated in 1891 and remained a small destination until the 21st century. With a current estimated population of 30,000 residents, Post Falls has the distinguishing factor of being Idaho's tenth largest city. The city covers a land area of approximately 14.1 square miles and offers residents no shortage of activities to enjoy.
Post Falls, ID is a great place for affordable rent-to-own homes! With a median household income of over $62,033 and a median rent of $1,049, the Post 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 Post 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.
More Post Falls, ID Property Resources
Rent to own Homes in Cities Near Post Falls, ID
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Neighborhoods in Post Falls, ID
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Post Falls, ID is seeing rapid growth and Post Falls, ID's' housing market remains not optimal with an average home price that is 13% above the 2024 national average. Post Falls, ID is part of Kootenai 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 Kootenai is 0.6% which is below the national average, which is 0.99%.
Median Home Price in Post Falls, ID
Median Rent in Post Falls, ID
6 Reasons to Live in Post Falls, Idaho
An exploding real estate market! From the year 2000 onward, the population of Post Falls has increased by almost 50 percent, making for a huge influx of new residents. Though this has resulted in a moderate hike in prices, the good news is that the average cost for a new buyer is still right around the national average. More importantly, there are plenty of options available, including rent to own houses. The State Line Village neighborhood is a prominent option, but for slightly more affordable homes one might check out City Center.
Lots of rental units as well! In addition to the construction of new homes over the past decade, there have been a variety of apartment complexes that have popped up in the area. With slightly below average monthly rental costs, this makes renting a viable option as well. If you want the best of both worlds, there are plenty of nice homes for rent. Greensferry Landing offers some of the lowest prices in the area though The Promenade Condominiums are another great place to check out.
Take in the beautiful scenery! Without even looking at organized activities, the location of Post Falls makes it an idyllic place where residents can simply enjoy the local landscape. The Rathdrum Prairie lies to the north of the city, offering open fields to look out on. To the south, is the Spokane River, another natural place of beauty.
Plenty of parks to enjoy! If you want something a bit more organized, the city also houses 20 different parks, each with their own unique appeal. If you want to go for a nature hike, Q'emiln Park is the perfect destination. On the other hand, Corbin Park offers trailheads, barbecue grills, soccer, volleyball, and all variety of other activities.
Everyone has something to enjoy! If you want to get out and play some golf, the Highlands Golf Course is a beautiful and challenging course. If you would prefer to stay in and pamper yourself, the Highland Day Spa is also an option.
Participate in local events! Despite its rapid growth, Post Falls still hosts a variety of local events. Each July they hold an annual Post Falls Festival. In September, they also observe Patriot Day and host community events to commemorate this day.