Rent to own Homes in Griffith, IN
Sitting on approximately 7.7 square miles of land, the town of Griffith is in the northwestern part of Indiana in Lake County. Griffith went through an interesting historical development, at one time known as the city with the most baseball fields, transforming into a farm town, and considered more of a small metropolitan area. The 2010 census recorded 16,893 residents living in the town, and as it expands it still works to maintain that small town atmosphere.
Griffith, IN is a great place for affordable rent-to-own homes! With a median household income of over $67,452 and a median rent of $892, the Griffith, 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 Griffith, 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 Griffith, IN Property Resources
Rent to own Homes in Cities Near Griffith, IN
- Aberdeen
- Beecher
- Blue Island
- Burnham
- Burns Harbor
- Calumet City
- Calumet Park
- Cedar Lake
- Chesterton
- Chicago
- Chicago Heights
- Crete
- Demotte
- De Motte
- Dixmoor
- Dyer
- East Chicago
- Flossmoor
- Ford Heights
- Goodenow
- Griffith
- Hazel Crest
- Hebron
- Highland
- Hobart
- Homewood
- Lakes of the Four Seasons
- Lake Village
- Lowell
- Markham
- Matteson
- Merrillville
- New Chicago
- Park Forest
- Phoenix
- Portage
- Roselawn
- Salt Creek Commons
- Sauk Village
- Schererville
- Schneider
- Shorewood Forest
- South Chicago Heights
- South Haven
- Steger
- Thayer
- Thornton
- Valparaiso
- Whiting
- Winfield
Neighborhoods in Griffith, IN
No neighborhoods foundPopular Zip Codes in Griffith, IN
46319 rent to own homesBuying a Home in Griffith, IN
Griffith, IN is seeing rapid growth and Griffith, IN's' housing market remains optimal with an average home price that is -31% below the 2024 national average. Griffith, IN is part of Lake 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 Lake is 1.37% which is above the national average, which is 0.99%.
Median Home Price in Griffith, IN
Median Rent in Griffith, IN
5 Reasons to Live in Griffith, Indiana
Join in on the area's growth! Before the Great Depression, Griffith received a very large amount of train traffic and served as a prominent junction. By the early 2000s, Griffith began experience significant growth, including the introduction of The Mansards apartment complex. Crestview Apartment Homes is another great place for new arrivals to check. This offers rental units below the national average and includes plenty of amenities for those who prefer not to own property.
Great deals on real estate! Indiana as a whole has homes for sale well below the national average. In Griffith, the price is actually slightly higher than the state average but remains below the national average. The neighborhood at W Ridge Rd/Colfax St offers some great options, as does Glen Park Ave/N Broad St. Furthermore, there are more than a few opportunities to find rent to own homes, which can help to get you started for just the price of a rental.
The area is easy to access! Though most people move to a town like Griffith to get away from bigger cities, it definitely helps to have easy access in and out of town. The Griffith-Merrillville Airport gives the residents of Griffith the opportunity to utilize a small, private airport to get where you need to go. Additionally, one of the major roads in town, Cline Avenue, runs straight to East Chicago and connects to other major roads, like Interstate 65.
Enjoy events from the historical society! The Griffith Historical Society does its best to ensure that locals have plenty to do. This helps promote the small town atmosphere in spite of the city's growth. They regularly run their Hess Express Barrel Train through town and use it for other special events such as July 4th. They also host the annual Griffith Historical Society Dinner to promote community involvement.
Take in some fresh air! Naturally, every small town has to offer some parks to enjoy. Griffith Central Park is one popular destination among the half a dozen area parks. Another great place to explore is Woodland Park.