Rent to own Homes in Greenwood, IN
Increasing values. After bottoming out to about $152,000 at the beginning of 2012, home values in Greenwood have climbed to a median $185,900. (This amount represents the worth of properties that are rent to own, on the market and not for sale.) This value is higher than the median value in Indiana of $103,400, which has actually declined by almost 2% in the past year.
Greenwood, IN is a great place for affordable rent-to-own homes! With a median household income of over $66,103 and a median rent of $1,041, the Greenwood, 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 Greenwood, 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 Greenwood, IN Property Resources
Rent to own Homes in Cities Near Greenwood, IN
- Avon
- Bargersville
- Beech Grove
- Bethany
- Boggstown
- Brooklyn
- Brownsburg
- Camby
- Carmel
- Clayton
- Clermont
- Cordry Sweetwater Lakes
- Crows Nest
- Cumberland
- Danville
- Edinburgh
- Fairland
- Fishers
- Fountaintown
- Franklin
- Greenwood
- Homecroft
- Indianapolis
- Lawrence
- Martinsville
- McCordsville
- Meridian Hills
- Monrovia
- Mooresville
- Morgantown
- Needham
- New Palestine
- New Whiteland
- Nineveh
- Noblesville
- North Crows Nest
- Painted Hills
- Pittsboro
- Plainfield
- Princes Lakes
- Rocky Ripple
- Southport
- Speedway
- Spring Hill
- Spring Lake
- Trafalgar
- Warren Park
- Westfield
- Whiteland
- Williams Creek
Neighborhoods in Greenwood, IN
Greenwood rent to own homesBuying a Home in Greenwood, IN
Greenwood, IN is seeing rapid growth and Greenwood, IN's' housing market remains optimal with an average home price that is -23% below the 2024 national average. Greenwood, IN is part of Johnson 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 Johnson is 1.04% which is above the national average, which is 0.99%.
Median Home Price in Greenwood, IN
Median Rent in Greenwood, IN
Top 10 Reasons to Live in Greenwood IN
Bond with the community. Locals can get to know each other and have fun at several community events. The Greenwood 5K Trail Trek features both a competitive and casual walk/run on the city's trail system. Less strenuous diversion comes from the Summer Concert Series, which features groups ranging from R&B and dance to classic rock hits. Traditional summer games, food, entertainment and a parade hit the streets during the Freedom Festival.
Wide selection of stand-alone options. If you find a stand-alone residence more desirable, you'll like that almost 90% of Greenwood real estate consists of single-family homes. Look around the Spring Hill and Smith Valley neighborhoods for rent to own houses.
Searching for shopping. For good shopping both indoors and outdoors, head to Greenwood Park Mall, which has over 150 stores and an aquarium. Also, try Blondie's Cookies, an Indiana company that specializes in baked treats.
Newer selections. Over 26% of Greenwood homes were built in the 21st century, with over 38% having been built between 1980 to 1999. Look for rent to own options around the McCarty and Frances neighborhoods.
Take flight. Greenwood Municipal Airport a general aviation facility, contains both a modern terminal and a 5,100-foot runway. It features fueling from both 24-hour service pumps and trucks. If you want to learn to take to the air or improve your piloting skills, try lessons from Greenwood Flight Schools.
Patience pays. When house hunting, patience pays because 37% of Greenwood listings get a price cut. This is slightly better than the state, where just over 33% are discounted. Look for affordable homes in the Sheek Rd. or City Center areas.
Get on the green. Beginners can start off with mini-golf at the Orchard Golf Center. The more experienced can enjoy the mounded roughs and rolling fairways of the par 71 and 18 holes at Hickory Stick.
Larger homes. Real estate in Greenwood is generally large at an average 1,792 square feet. Almost a quarter of the properties are from 1,400 to 1,800 square feet, another quarter is from 1,800 to 2,400 and about 24% are bigger. Look for larger homes around the Waterloo and El Dorado areas.
Learning to live better. The Greenwood Parks and Recreation Department can teach you the art of living through several classes. For fitness, become more aware with yoga, get the heart pumping with Zumba or go with the flow with tai chi. To learn how to express yourself visually, learn about drawing, watercolors or acrylics at the Greenwood Community Center.