Rent to own Homes in Rochester, MI
Rochester, MI is a great place for affordable rent-to-own homes! With a median household income of over $92,128 and a median rent of $1,083, the Rochester, MI 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 Rochester, MI. 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 Rochester, MI Property Resources
Rent to own Homes in Cities Near Rochester, MI
- Allenton
- Armada
- Auburn Hills
- Beverly Hills
- Birmingham
- Capac
- Center Line
- Clarkston
- Clawson
- Clinton Township
- Commerce Township
- Dearborn
- Dearborn Heights
- Dryden
- Eastpointe
- Farmington Hills
- Ferndale
- Grosse Pointe
- Grosse Pointe Park
- Grosse Pointe Woods
- Huntington Woods
- Imlay City
- Keego Harbor
- Lake Angelus
- Lathrup Village
- Leonard
- Livonia
- Macomb
- New Haven
- Novi
- Oakland
- Orchard Lake Village
- Oxford
- Pleasant Ridge
- Pontiac
- Redford
- Rochester
- Rochester Hills
- Romeo
- Roseville
- Royal Oak
- Southfield
- St. Clair Shores
- Sylvan Lake
- Troy
- Village of Grosse Pointe Shores
- Walled Lake
- Warren
- Waterford
- White Lake
Neighborhoods in Rochester, MI
Downtown Rochester rent to own homesPopular Zip Codes in Rochester, MI
48308 rent to own homesBuying a Home in Rochester, MI
Rochester, MI is seeing rapid growth and Rochester, MI's' housing market remains not optimal with an average home price that is 74% above the 2024 national average. Rochester, MI is part of Oakland 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 Oakland is 1.75% which is above the national average, which is 0.99%.