Rent to own Homes in Olathe, KS
The city of Olathe, Kansas, in Johnson County is the fifth largest in the state with more than 125,800 people calling it home. It is a suburban area, just a few minutes from Kansas City. It is one of the fastest growing cities in the region as well, and in 2008, it was listed as one of the best American cities to live in by CNN Money. The rent to own options here could be ideal for someone looking for an affordable area with residential amenities. Before looking at the house for sale, though, individuals will want to learn more about the region and its housing market.
Olathe, KS is a great place for affordable rent-to-own homes! With a median household income of over $96,548 and a median rent of $1,070, the Olathe, 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 Olathe, 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 Olathe, KS Property Resources
Rent to own Homes in Cities Near Olathe, KS
- Basehor
- Belton
- Birmingham
- Blue Summit
- Bucyrus
- Claycomo
- Cleveland
- Edwardsville
- Fairway
- Farley
- Ferrelview
- Glenaire
- Greenwood
- Kansas City
- Kansas City
- Lake Quivira
- Lake Tapawingo
- Lake Waukomis
- Lake Winnebago
- Lansing
- Leavenworth
- Leawood
- Lee's Summit
- Lenexa
- Liberty
- Loch Lloyd
- Louisburg
- Merriam
- Mission
- Mission Hills
- North Kansas City
- Northmoor
- Oakview
- Oakwood
- Overland Park
- Parkville
- Peculiar
- Platte City
- Platte Woods
- Raymore
- Raytown
- River Bend
- Riverside
- Shawnee
- Smithville
- Spring Hill
- Stilwell
- Unity Village
- Weatherby Lake
- West Line
Neighborhoods in Olathe, KS
Arrowhead rent to own homes Arbor Creek rent to own homes Copper Creek rent to own homes Edgemere rent to own homes Fairview rent to own homes Foxfield rent to own homes Havencroft rent to own homes Hunter's Creek rent to own homes Millcreek rent to own homes Mulberry Hills rent to own homesPopular Zip Codes in Olathe, KS
66051 rent to own homes 66063 rent to own homes 66062 rent to own homesBuying a Home in Olathe, KS
Olathe, KS is seeing rapid growth and Olathe, KS's' housing market remains not optimal with an average home price that is 16% above the 2024 national average. Olathe, KS 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 1.27% which is above the national average, which is 0.99%.
Median Home Price in Olathe, KS
Median Rent in Olathe, KS
Top Reasons to Live in Olathe KS
Housing Statistics The housing market in Olathe is experiencing growth. This is evident in the stats for this area. The median sale price of homes here, as of the second quarter of 2013, was $157,791. This is more than a six percent increase over the previous year. The city has some foreclosures available, but most homes for sale (about 474 as of August of 2013) are single family homes, condos, and duplexes. The average listing price of homes, as of the second week of August 2013, was $256,675. The average price per square foot is $102 as of this time as well.
Tourist Attractions When choosing a rental property, many factors are considered essential. Aside from housing statistics, individuals will also want to consider the various attractions and things to do here in Olathe. Visitors may wish to visit Great Mall of the Great Plains, located on 151st Street. There is also a large movie theater here, as well as various restaurants and shops. Additionally, visitors often come to see the Mahaffie Stagecoach Stop and Farm Historic Stop, the Buddy Rogers Playhouse, and the Marra Museum of Deaf History.
Transportation and Commutes Getting around in Olathe is easy to do. The city is a few miles from Route 435. It is near Routes 10, 7, and 169 as well. This makes it easy for people in Olathe to get into Kansas City or out into other areas of Kansas and the Midwest. The average commute time for Olathe residents into Kansas City ranges from 30 and 50 minutes, depending on location as well as time of day.
Neighborhoods A number of neighborhoods in Olathe are worth considering when you're looking at a house for sale or a rental option. The following are some areas worth visiting: