Rent to own Homes in Lee's Summit, MO
Lee's Summit is a suburb located about 20 minutes outside of Kansas City, Missouri. It is the sixth largest city in Missouri. Home to approximately 90,000 residents, Lee's Summit is rated as one of the best cities in the United States to live in, and it's one of the best places to raise a family. If you are considering moving to this city, you will be pleasantly surprised with the culture and lifestyle. It has plenty of places to shop and eat, and there are plenty of activities available.
Lee's Summit, MO is a great place for affordable rent-to-own homes! With a median household income of over $93,295 and a median rent of $1,069, the Lee's Summit, 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 Lee's Summit, 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 Lee's Summit, MO Property Resources
Rent to own Homes in Cities Near Lee's Summit, MO
- Belton
- Birmingham
- Blue Summit
- Claycomo
- Cleveland
- East Lynne
- Fairway
- Glenaire
- Greenwood
- Harrisonville
- Kansas City
- Kansas City
- Kearney
- Lake Annette
- Lake Lotawana
- Lake Tapawingo
- Lake Waukomis
- Lake Winnebago
- Leawood
- Lee's Summit
- Lenexa
- Liberty
- Loch Lloyd
- Lone Jack
- Mission
- Mission Hills
- Missouri City
- Mosby
- Napoleon
- North Kansas City
- Northmoor
- Oakview
- Oakwood
- Orrick
- Overland Park
- Parkville
- Peculiar
- Platte Woods
- Pleasant Hill
- Prathersville
- Raymore
- Raytown
- River Bend
- Riverside
- Shawnee
- Sibley
- Stilwell
- Strasburg
- Tarsney Lakes
- Unity Village
Neighborhoods in Lee's Summit, MO
Richardson Ranch rent to own homes Eagle Creek rent to own homes Kensington Farms rent to own homes Downtown Lee's Summit rent to own homes Vista Del Verde rent to own homes Bayberry rent to own homes Newberry rent to own homes Morningside Acres rent to own homes Roseland Heights rent to own homes Charleston Park rent to own homesPopular Zip Codes in Lee's Summit, MO
64081 rent to own homes 64063 rent to own homes 64082 rent to own homes 64064 rent to own homesBuying a Home in Lee's Summit, MO
Lee's Summit, MO is seeing rapid growth and Lee's Summit, MO's' housing market remains not optimal with an average home price that is 8% above the 2024 national average. Lee's Summit, MO is part of Jackson 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 Jackson is 1.27% which is above the national average, which is 0.99%.
Median Home Price in Lee's Summit, MO
Median Rent in Lee's Summit, MO
Top Reasons to Live in Lee's Summit MO
Housing Statistics The average purchase price for homes in Lee's Summit is $120,000, and the average cost for a rent to own home is $750.00 for a one-bedroom. The cost of living is a little higher than other cities located in the metropolitan area. Searching for a home to own or rent in Lee's Summit will not be difficult since the area has seen significant growth over the last few years. The majority of people own their homes (about 70%) and less than 30% of residents rent. The homes in Lee's Summit are mostly single-family, but if you are looking for multi-family homes or apartments, there are plenty of options.
Local Restaurants There are plenty of places to eat in Lee's Summit. There are the basic chain restaurants, cafes and special restaurants for whatever your taste buds crave. There are European, Mexican, Chinese, Greek, Jewish, and of course, traditional American restaurants for your enjoyment. Some of the restaurants include Joe's Crab Shack for the seafood lovers and Cheddars for every taste.
Weather and Climate The weather in the city is the same as most places in the Midwest. The summers can be extremely hot and humid, with temperatures reaching to the 100s. The winters can be very cold, with temperatures dipping into subzero degrees. The average summer temperature is about 95 degrees and the average winter temperature is about 25. If you like snow - you're in for a treat! It definitely snows in Lee's Summit. In fact, ice is a regular visitor to the city. One of the worst natural disasters is tornadoes. Tornado season usually occurs during the spring months but can happen anytime. Fortunately, most homes come with basements, which is the best place to be during a tornado.
Neighborhoods Lee's Summit is filled with gorgeous neighborhoods, each with its own distinct advantages. Here are the three main areas to choose from: