Rent to own Homes in Ypsilanti, MI
Situated in Southeastern Michigan, the city of Ypsilanti boasts a thriving arts scene to add to its already rich history. Founded as a trading post by fur traders from Montreal, it was once the village of Woodruff's Grove, later renamed after a Greek war hero, Demetrios Ypsilantis, who led his country to victory. Present day references of the city are numerous and vary from television mentions in shows like Supernatural to songs penned around the close-knit town by artists like Sufjan Stevens and Elvis Costello.
Ypsilanti, MI is a great place for affordable rent-to-own homes! With a median household income of over $40,028 and a median rent of $872, the Ypsilanti, 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 Ypsilanti, 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 Ypsilanti, MI Property Resources
Rent to own Homes in Cities Near Ypsilanti, MI
- Allen Park
- Ann Arbor
- Barton Hills
- Beverly Hills
- Bingham Farms
- Brighton
- Canton
- Carleton
- Commerce Township
- Dearborn
- Dearborn Heights
- Detroit
- Dexter
- Dundee
- Farmington
- Farmington Hills
- Franklin
- Garden City
- Highland
- Inkster
- Lincoln Park
- Livonia
- Maybee
- Melvindale
- Milford
- New Boston
- New Hudson
- Newport
- Northville
- Novi
- Orchard Lake Village
- Plymouth
- Redford
- Riverview
- Romulus
- Saline
- Southfield
- South Lyon
- Taylor
- Walled Lake
- Waterford
- Wayne
- Westland
- White Lake
- Whitmore Lake
- Willis
- Wixom
- Wolverine Lake
- Woodhaven
- Ypsilanti
Neighborhoods in Ypsilanti, MI
Historic East Side rent to own homes Woods Road rent to own homes Midtown rent to own homes Depot Town rent to own homes Riverside rent to own homes Downtown rent to own homes Heritage Park rent to own homes East Prospect Park rent to own homes Historic South Side rent to own homes Prospect Gardens rent to own homesPopular Zip Codes in Ypsilanti, MI
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Ypsilanti, MI is seeing rapid growth and Ypsilanti, MI's' housing market remains optimal with an average home price that is -29% below the 2024 national average. Ypsilanti, MI is part of Washtenaw 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 Washtenaw is 1.81% which is above the national average, which is 0.99%.
Median Home Price in Ypsilanti, MI
Median Rent in Ypsilanti, MI
Top 6 Reasons To Live In Ypsilanti, MI
Take advantage of local festivities! Showcasing its vibrant culture and love of the arts, the city hosts numerous festivals year round. The Michigan Brewers Guild Summer Beer Festival presents the best in regional brew, while the Ypsilanti Heritage Festival celebrates eras past with games of vintage baseball, hot dog eating contests, and bed races.
Low-cost rental homes with charm! When seeking affordable rental rates, locals can search near W. Cross and N. Huron Streets, where average monthly rent is $851. These historic, single-family homes were typically built before 1940 and add vintage character to the area. The Huron river runs just east of the area, and local businesses of note include The Ugly Mug Cafe and the town landmark, the Ypsilanti Water Tower.
Appreciate native talent! Venues for the arts are plentiful here. For the best bands in town, head to Woodruff's or Ann Street Music Room -- both draw the crowds. You can also catch live music at the Tap Room, an unpretentious neighborhood establishment.
Shop local! There are a number of boutiques nearby, and handmade crafts abound. The Eyrie peddles stationery and handmade soaps, and the walls are covered in regionally produced art. Bowerbird Mongo is full of carefully selected antiques that residents can purchase to liven up their homes.
Varied food options! If you're in the mood for tater tot poutine and a brat, then try The Wurst Bar. For eclectic, south of the border tastes, La Casita serves up exceptional pork pambazo sandwiches and stellar al pastor tacos. Ypsilanti has your taste buds covered. If you'd like it delivered, order from Michigan's famous Jet's Pizza to have Detroit-style deep dish arrive conveniently at your doorstep.
Property that possesses value! Rent to own a home in the Dixboro and Frain Lake neighborhood. Or, find median home values of $418,024 for large single-family homes that were built in the last two decades. Homes here are not far from the Matthaei Botanical Gardens and Parker Mill County Park.