Rent to own Homes in Ferguson, MO
Consisting of a little over six square miles, Ferguson is a city in St. Louis County, Missouri. With a population of just over 21,203, Ferguson is part of the Greater Saint Louis metro area. Ferguson was founded in 1855, when a man named William Ferguson turned 10 acres of land over to a railroad company in exchange for the right to name the settlement. He named the area Ferguson Settlement, but when the area was incorporated in 1894, it became the City of Ferguson.
Ferguson, MO is a great place for affordable rent-to-own homes! With a median household income of over $37,376 and a median rent of $904, the Ferguson, 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 Ferguson, 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 Ferguson, MO Property Resources
Rent to own Homes in Cities Near Ferguson, MO
- Affton
- Arnold
- Ballwin
- Bella Villa
- Bellerive
- Bel-Nor
- Berkeley
- Beverly Hills
- Bridgeton
- Calverton Park
- Champ
- Chesterfield
- Clarkson Valley
- Clayton
- Cottleville
- Country Life Acres
- Crestwood
- Crystal Lake Park
- Dupo
- Ferguson
- Flordell Hills
- Florissant
- Frontenac
- Glendale
- Glen Echo Park
- Green Park
- Hanley Hills
- Hazelwood
- High Ridge
- Hillsdale
- Huntleigh
- Imperial
- Kinloch
- Lakeshire
- Manchester
- Maryland Heights
- Normandy
- Oakland
- Olivette
- Overland
- Pagedale
- Pine Lawn
- Portage Des Sioux
- Sycamore Hills
- University City
- Velda City
- Vinita Terrace
- Wellston
- Westwood
- Wilbur Park
Neighborhoods in Ferguson, MO
Ferguson rent to own homesPopular Zip Codes in Ferguson, MO
63135 rent to own homesBuying a Home in Ferguson, MO
Ferguson, MO is seeing rapid growth and Ferguson, MO's' housing market remains optimal with an average home price that is -64% below the 2024 national average. Ferguson, 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 Ferguson, MO
Median Rent in Ferguson, MO
Top 4 Reasons to Live in Ferguson, Missouri
Low median prices for homes for sale! The median sale price for homes in Ferguson, Missouri, is $54,757 and prices per square foot average about $46 for properties in the area. Among the most in-demand neighborhoods in Ferguson are the city center and the area around Dunnideer Drive and Chambers Road.
Reasonable prices on rent to own homes! The median rent in Ferguson is about $796 a month. Though that's over 11 percent more than the median for Missouri overall, it's still over 10 percent less than average rents across the United States. The city center consists of a mixture of single-family homes and apartment complexes, and average rents are in the $550 range. On the other hand, the Thurston Avenue neighborhood consists mostly of homes and town homes and rent here averages around $683 per month.
Shopping venues are plentiful! Ferguson has a number of grocery stores, including Shop 'n Save, Save-A-Lot and Schnucks. For fresh fruit and vegetables, locals head over to the Ferguson Farmers Market. Many residents frequent Cakes by Nette, Spencer's Bakery and Baker's Pride for fresh baked goods. There are also many coffee shops in the area, including Starbucks, Corner Coffee House and Kaldi's Coffee House.
A wealth of entertainment in the community! There are several city parks in the area and many include hiking trails, picnic areas, tennis courts and soccer fields. January-Wabash Memorial Park even has a 5.5 acre lake, and Hudson Park features an area for sand volleyball. Restaurants are within a short drive or walk of any Ferguson neighborhood, with Zachary's Barbecue, Alfredo's Restaurant and August Moon earning high scores with the locals. When the sun goes down and it's time for a little dancing, The Lava Club and Mandarin Lounge are among the area's nightclubs.