Rent to own Homes in Anderson, IN
Lots of History: Anderson, located about an hour's drive northeast from Indianapolis, is steeped in history. The area was once home to the Delaware Native American tribe. Much later, Anderson was an early automobile manufacturing hub, with 17 different automakers based in the city. Remnants of Anderson history still remain, including the restored Paramount Theater in downtown Anderson and the 19th century Gruenewald Historic House.
Anderson, IN is a great place for affordable rent-to-own homes! With a median household income of over $37,110 and a median rent of $781, the Anderson, IN 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 Anderson, IN. 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 Anderson, IN Property Resources
Rent to own Homes in Cities Near Anderson, IN
- Alexandria
- Anderson
- Arcadia
- Cadiz
- Charlottesville
- Chesterfield
- Cicero
- Country Club Heights
- Daleville
- Eaton
- Edgewood
- Elwood
- Fairmount
- Fishers
- Fortville
- Fowlerton
- Frankton
- Gaston
- Greenfield
- Greensboro
- Indianapolis
- Ingalls
- Kennard
- Knightstown
- Lapel
- Lawrence
- Markleville
- Matthews
- McCordsville
- Middletown
- Mount Summit
- Muncie
- New Castle
- Noblesville
- Orestes
- Pendleton
- Point Isabel
- River Forest
- Shirley
- Spiceland
- Springport
- Sulphur Springs
- Summitville
- Wilkinson
- Windfall
- Woodlawn Heights
- Yorktown
Neighborhoods in Anderson, IN
No neighborhoods foundPopular Zip Codes in Anderson, IN
46015 rent to own homes 46016 rent to own homes 46013 rent to own homesBuying a Home in Anderson, IN
Anderson, IN is seeing rapid growth and Anderson, IN's' housing market remains optimal with an average home price that is -64% below the 2024 national average. Anderson, IN is part of Madison 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 Madison is 0.95% which is below the national average, which is 0.99%.
Median Home Price in Anderson, IN
Median Rent in Anderson, IN
Top 12 Reasons to Move to Anderson, IN
Affordable Housing: The median home value in Anderson for 2013 was $59,900. That compares to a median home value of $74.900 in nearby Muncie and the $169,100 national average. A few of the most desirable neighborhoods in Anderson are the Perkinsville/Hamilton and Moonville neighborhoods. There are even a few rent to own houses in these areas.
Great Dining: A few notable restaurants in Anderson include The Nile Restaurant and Garfield's Restaurant and Pub. Other local favorites include Wing On Inn, Gene's Root Beer and The Toast Cafe.
Low Property Taxes: Property taxes in Anderson are lower than the state average. The average Anderson homeowner pays $913 in property taxes annually. This compares to $1,408 per homeowner in Indianapolis. A few of the Anderson neighborhoods with single-unit homes include the Scatterfield Rd. and River Forest areas.
Abundant Parks: The City of Anderson owns and manages more than 30 parks and recreation centers, including the White River Trail and Funk Park in the downtown historic district.
Rising Property Values: The median home value in Anderson for 2013 was $59,900. That's a 4% increase from 2012. Some of the most popular sections to live are the Fairfax and Glyn Ellen neighborhoods. Many areas in Anderson offer rent to own houses.
A Thriving Economy: Anderson was named among Forbes magazine's 100 Best Places for Businesses among Smaller U.S. Metro areas in 2007. The area is still thriving today. Among the top companies in Anderson are St. Vincent Health Care System, Hoosier Park Racing and Casino, and Xerox.
New Housing: New homes are adding to the diverse array of housing available in Anderson. New home construction projects include Devonshire Court and Paramount Springs. Some structures in these developments are offered as rent to own properties. A high vacancy rate of 17.27% means you can swoop in anytime.
Anderson Wi-Fi. The City of Anderson provides free wireless Internet access at hot spots around the downtown area from 10 towers, including those at the corner of Whitner and Main Street, and at the corner of Church and Market Street.
The Arts: For a medium-sized town, Anderson offers a myriad of arts and cultural centers and groups, including the Anderson Center for the Arts on West 10th Street and the Anderson Symphony Orchestra.
Get Lucky: Hoosier Park Racing and Casino on Dan Patch Circle is one of the top 10 racing establishments in the United States. The venue combines horse racing with slot machine gambling. Stop by the Homestretch Steakhouse for a bite to eat after working up an appetite gambling.
Are You Ready for Some Football: The NFL's Indianapolis Colts football team plays at the Lucas Oil Stadium in downtown Indianapolis. The practice sessions are held at the Kardatzke Wellness Center/Macholtz Stadium complex and are open to the public.