Rent to own Homes in Newton, KS
During its founding in the 1800s, Newton, KS quickly became known as the "toughest, loudest and most dangerous spot in the West," according to the City of Newton Police Department. During the 1920s, the town started to lose its reputation as a boom town and became a peaceful community that was quickly favored by families. In recent years, it has grown to a population of a little under 20,000 residents.
Newton, KS is a great place for affordable rent-to-own homes! With a median household income of over $56,729 and a median rent of $735, the Newton, KS 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 Newton, KS. 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 Newton, KS Property Resources
Rent to own Homes in Cities Near Newton, KS
- Andale
- Andover
- Augusta
- Bel Aire
- Belle Plaine
- Bentley
- Benton
- Cheney
- Clearwater
- Colwich
- Conway Springs
- Derby
- Eastborough
- Furley
- Garden Plain
- Goddard
- Greenwich
- Halstead
- Haysville
- Kechi
- Maize
- McConnell AFB
- Mount Hope
- Mulvane
- Newton
- Oaklawn-Sunview
- Park City
- Peck
- Rose Hill
- Sedgwick
- St Marks
- Valley Center
- Viola
- Wellington
- Wichita
Neighborhoods in Newton, KS
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Newton, KS is seeing rapid growth and Newton, KS's' housing market remains optimal with an average home price that is -50% below the 2024 national average. Newton, KS is part of Harvey 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 Harvey is 1.37% which is above the national average, which is 0.99%.
Median Home Price in Newton, KS
Median Rent in Newton, KS
Top 3 Reasons to Live in Newton, KS
Affordable housing in a small town! Newton has affordable housing with the median home prices around $97,700. Approximately 70 percent of the homes in the town are owner occupied or rental houses. Rental homes have become a viable option in recent years for people seeking to lock in the home's purchase price until they are financially able to purchase the home at a later date. Primary Residential Mortgage works with would-be homebuyers to answer all their mortgage questions. The town's proximity of only 20 minutes from downtown Wichita makes it an ideal location for commuters who work in the big city but seek a small town feel. Newton also has a local Amtrak station in the heart of downtown and the Newton City-County Airport (designated EWK).
History comes alive in the town! There is a bit of history practically everywhere in Newton. A 17-foot, limestone statue built in 1942 that was modeled after one of the town settlers sits in Athletic Park. The Warkentin House is listed on the National Registers of Historic Places. The 16-room Victorian house is a museum that houses over 80 percent of the home's original furnishings. The Harvey County Historical Museum also has exhibits that depict local history.
Strong local economy! The job growth in Newton showed a 30 percent increase in the last year and the outlook continues to look positive. House appreciation is also on the rise with a rate of 1.3 percent in the last year. Such positive growth encourages traditional house sales, rent to own options and positive buyer confidence. With buyer and town confidence high, shopping abounds in Newton at the Chisholm Trail Shopping Plaza and the Old Mill Plaza. The Old Mill Plaza is also home to the fine dining establishment, Reba Restaurant, which is known for its burger night.