Rent to own Homes in Jennings, MO
Jennings was the quintessential "Mayberry" type of town during the 1940s and '50s, but the city got its start all the way back in 1839 when James Jennings, the farmer the city is named after, moved into the area. It is on the land of James Jennings that the current community is built, but unlike many other towns that got their start on other people's property, Jennings didn't just give his land away. He actually died as the railroad came through and, thankfully for those who now call the area home, his children sold off their portions of the land.
Jennings, MO is a great place for affordable rent-to-own homes! With a median household income of over $31,952 and a median rent of $799, the Jennings, 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 Jennings, 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 Jennings, MO Property Resources
Rent to own Homes in Cities Near Jennings, 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
Popular Zip Codes in Jennings, MO
No zip codes foundBuying a Home in Jennings, MO
Jennings, MO is seeing rapid growth and Jennings, MO's' housing market remains optimal with an average home price that is -71% below the 2024 national average. Jennings, 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 Jennings, MO
Median Rent in Jennings, MO
Top 3 Reasons to Live in Jennings
Housing values on the rise! Jennings took the economic recession that began in 2008 especially hard. Whereas the average decrease in home values in America was around 5 percent over the last five years, this drop in Jennings was closer to 8 percent. This lowered housing prices exponentially, but the rebound makes a great opportunity for those looking to invest by getting a mortgage or seeking out rent to own houses. Property valuations over the past year have actually outpaced the rest of America, so, regardless of whether you get a small home near Northwoods or a rental house adjacent to Koeneman Park, you're investing in a rising market while it's still affordable.
Start getting in shape! The southern United States has the worst health rankings in all the country, but Missouri is kind of stuck between the south and the Midwest. Either way, Jennings makes it easy for you to stay in shape. A quick drive down Jennings Station Road will get you to Flavor Dance and Fitness Studio. Of course, you could avoid any driving at all and take a nice jog or walk down Maple Tree Trail. Avoiding the urge to eat at Roper's Ribs every day? Well, that's all on you.
Amazingly low property prices! Even with property value increases exceeding the American average, housing in Jennings is still surprisingly affordable. In fact, homes in this area are close to 60 percent cheaper than the national average. Average rental prices in the area are also lower. Maybe you can use that money you save to join the Norwood Hills Country Club. Maybe you could use it to head down Interstate 70 and take a swing at the casinos in St. Louis. This is up to you, but you can bet whatever you choose will be more exciting than overpaying for a home elsewhere.