Rent to own Homes in St. Matthews, KY
Located in Jefferson County, St. Matthews is a city of almost 18,000 that belongs to the Louisville metro area. Although it's only eight miles east of Louisville, St. Matthews grooves to its own beat. The city has deep agricultural roots, but is known more today as a shopping and dining destination. By living in St. Matthews, residents get attractions like Kentucky's second biggest mall, a tight-knit community and ample housing choices.
St. Matthews, KY is a great place for affordable rent-to-own homes! With a median household income of over $67,105 and a median rent of $1,090, the St. Matthews, KY 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 St. Matthews, KY. 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 St. Matthews, KY Property Resources
Rent to own Homes in Cities Near St. Matthews, KY
- Anchorage
- Audubon Park
- Bancroft
- Barbourmeade
- Bellemeade
- Bethlehem
- Blue Ridge Manor
- Brooks
- Brownsboro Village
- Buckner
- Coldstream
- Crestwood
- Crossgate
- Douglass Hills
- Glenview
- Glenview Manor
- Goshen
- Graymoor-Devondale
- Green Spring
- Hebron Estates
- Heritage Creek
- Hickory Hill
- Hills and Dales
- Hillview
- Hollyvilla
- Houston Acres
- Hurstbourne Acres
- Indian Hills
- Jeffersontown
- Kingsley
- La Grange
- Langdon Place
- Louisville
- Lyndon
- Lynnview
- Marysville
- Meadowbrook Farm
- Meadow Vale
- Meadowview Estates
- Mockingbird Valley
- Moorland
- Mount Washington
- Norbourne Estates
- Old Brownsboro Place
- Pekin
- Pioneer Village
- Richlawn
- River Bluff
- Spring Mill
- Underwood
Neighborhoods in St. Matthews, KY
Fairmeade rent to own homes Springlee rent to own homes Bellewood rent to own homes Cherrywood Village rent to own homes Broad Fields rent to own homes Plymouth Village rent to own homesPopular Zip Codes in St. Matthews, KY
40257 rent to own homesBuying a Home in St. Matthews, KY
St. Matthews, KY is seeing rapid growth and St. Matthews, KY's' housing market remains not optimal with an average home price that is 18% above the 2024 national average. St. Matthews, KY is part of Jefferson 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 Jefferson is 0.9% which is below the national average, which is 0.99%.
Median Home Price in St. Matthews, KY
Median Rent in St. Matthews, KY
Top 4 Reasons to Live in St. Matthews, KY
Shop the day away! St. Matthews has everything from large chain retailers to small niche shops. Most of the shopping is centrally located on or near Shelbyville Road and just off Interstate 264. Mall St. Matthews, which is the first indoor shopping center in Louisville, is the largest spot and has been voted the best shopping destination in the area. Westport Village, an outdoor shopping mall, has all sorts of boutiques, including Apricot Lane Boutique, The Artist in You and Anabel's Oriental Rugs. The Oxmoor Center is another popular plaza, located just east of Mall St. Matthews.
Ride with an improving real estate market! Property value in St. Matthews has jumped roughly 3 percent from 2013 to 2014, and forecasts for the future predict continuing gains. That means if newcomers buy a home in St. Matthews now, they are highly likely to see solid return on investment. Even those who want to lease should consider a rent to own contract. The communities of Broad Fields and Woodlawn Park are worth checking out.
Enjoy the great city parks! St. Matthews may be within a bustling metropolitan region, but green space is a priority here. The 28-acre Brown Park offers paved walking trails and is great for a picnic. Warwick Park is great for exercise, as sports such as basketball, baseball, and disc golf can be played. Arthur K. Draut Park has paths that zigzag through forested areas to suit nature enthusiasts and joggers.
Find a rental with ease! With a renter-occupancy rate of 47 percent, St. Matthews is friendly to those that lease as well as own. With a good flux of listings throughout the year, locating a suitable rental pad shouldn't be an issue. Those searching for rental homes should check one of the many apartment complexes across from Community Park and near Shelbyville Road Plaza (also behind Mall St. Matthews and near Interstate 64 and Interstate 264). This area is great because it's close to eateries, shopping, bus lines and major roads.