Rent to own Homes in Clayton, MO
Clayton, Missouri is a popular suburb adjacent to the west side of St. Louis. Clayton is home to less than 16,000 people, but thanks to a vibrant business community and proximity to a major city and university, it has become a destination in its own right. The downtown area is filled with galleries, boutiques and restaurants. During summer nights, the streets are filled with people enjoying this small Midwestern city. The city is well-served by public transportation, and residents of Clayton can easily travel anywhere in the surrounding St. Louis area.
Clayton, MO is a great place for affordable rent-to-own homes! With a median household income of over $108,387 and a median rent of $1,334, the Clayton, MO 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 Clayton, MO. 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 Clayton, MO Property Resources
Rent to own Homes in Cities Near Clayton, MO
- Affton
- Arnold
- Ballwin
- Bella Villa
- Bellerive
- Bel-Nor
- Berkeley
- Beverly Hills
- Bridgeton
- Byrnes Mill
- Calverton Park
- Champ
- Chesterfield
- Clarkson Valley
- Clayton
- Cottleville
- Country Life Acres
- Crestwood
- Crystal Lake Park
- Eureka
- Ferguson
- Flordell Hills
- Florissant
- Frontenac
- Glendale
- Glen Echo Park
- Green Park
- Hanley Hills
- Hazelwood
- High Ridge
- Hillsdale
- Huntleigh
- Imperial
- Kinloch
- LaBarque Creek
- Lakeshire
- Manchester
- Maryland Heights
- Normandy
- Oakland
- O'Fallon
- Olivette
- Overland
- Pagedale
- Peaceful Village
- Pevely
- Pine Lawn
- Portage Des Sioux
- Scotsdale
- Sycamore Hills
Popular Zip Codes in Clayton, MO
63105 rent to own homesBuying a Home in Clayton, MO
Clayton, MO is seeing rapid growth and Clayton, MO's' housing market remains not optimal with an average home price that is 178% above the 2024 national average. Clayton, MO is part of St. Louis 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 St. Louis is 1.25% which is above the national average, which is 0.99%.
Median Home Price in Clayton, MO
Median Rent in Clayton, MO
The Top Five Reasons to Live in Clayton, Missouri
Plenty to see and do! Clayton has many art galleries and the oldest art museum west of the Mississippi is found at the Mildred Lane Kemper Art Museum. It is considered one of the top university collections in the country. The nearby Edison Theatre is home to the Ovation Players and features ongoing and unique opportunities to experience art and the theater.
It's easy to get around! The area's MetroLink light rail has several stops in Clayton. The Clayton station serves the downtown area, and the Forsyth station serves Washington University's West Campus. Bus service also allows residents to travel to St. Louis and West County.
Lots of housing! With a vacancy rate of 14.85 percent, just over the national average of 12.09 percent, there are plenty of housing options in the Clayton community. Although the Clayton real estate market isn't seasonally affected, searching for a single family rent to own house in the Wydown Terrace area or in the Forsyth neighborhood may be easier in late spring as vacancy may be more numerous.
Values are on the rise! Clayton is one of the premiere suburbs of St. Louis. Although home prices have predictably taken a dip over the past five years, they have begun to rebound with an appreciation rate of 5.10 percent over the last year, which is higher than the national average of 4.90 percent. The Moorlands and Demun neighborhoods offer some good values in an otherwise robust market.
Restaurants for everyone! Each September, the St. Louis Art Fair, one of the top rated fairs in the nation, is held downtown. Other popular community events include the Taste of Clayton food festival and Parties in the Park, billed as the longest running outdoor happy hour in the St. Louis area.