Rent to own Homes in Huntington, IN
Serving as the largest city in Huntington County, it's no surprise that the city of Huntington takes up space in both Union and Huntington townships. The city's population was 17,391 as of 2010, but this is much more substantial than the quaint 600 who were around when Captain Elias Murray established the city in the 1800s. Much of the population growth since then occurred early on, due to the construction of the Wabash and Erie Canal. Little tidbits of interesting history like this make the city a historical landmark in Indiana.
Huntington, IN is a great place for affordable rent-to-own homes! With a median household income of over $42,744 and a median rent of $684, the Huntington, 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 Huntington, 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.
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Rent to own Homes in Cities Near Huntington, IN
Neighborhoods in Huntington, IN
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46750 rent to own homesBuying a Home in Huntington, IN
Huntington, IN is seeing rapid growth and Huntington, IN's' housing market remains optimal with an average home price that is -63% below the 2024 national average. Huntington, IN is part of Huntington 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 Huntington is 0.9% which is below the national average, which is 0.99%.
Median Home Price in Huntington, IN
Median Rent in Huntington, IN
Top 3 Reasons to Live in Huntington, IN
Ever-increasing housing values! Although America's average home value increase over the last decade was stymied to around 12 percent due to the economic recession, Huntington didn't seem to have the same problem. In fact, the past year alone has shown an over 20 percent increase in housing values in the area. This is great news, since properties for sale or rent to own houses will likely continue to acquire value in the area. Whether you opt to live near Lake Claire or further west around Memorial Park, you'll be making an investment that's proven its value over the past two decades.
Actual interesting tourist sites! Some people can't stand the touristy places in their hometowns. They either don't like the tourists showing up so often or simply get tired of the place after a while. There's not much chance of that happening in Huntington. There are a variety of places for just about any taste. Those who have a love for nature will adore the Sunken Gardens. Anyone who wants to feel a little bit of sophisticated culture could enjoy a night at the New Huntington Theatre and Supper Club. Save yourself some time searching around and just hit up the Huntington County Visitors Center to see everything at your disposal. The Lime City really is a treasure.
Exceptionally low property taxes! The average value of housing in Huntington is over 65 percent higher than in the rest of the nation, but many people in the area opt to rent homes instead. Many of these individuals may own these houses one day, and they'll learn how great the property taxes are in the area. In fact, the taxes in Huntington are about one-third of those seen in the rest of America. The low taxes make it easy to afford a trip down Highway 9 to visit Salamonie Lake, but you could also just head down the Wabash River to Huntington Lake if you want to save on gas money. Either way, these savings leave plenty of pocket change to have an enjoyable weekend.