Rent to own Homes in Manchester, MO
Manchester, MO is steeped in history. The town was first settled in the early 1800s, but prior to its founding it was the homeland of the Osage Indians. The region where the town sits was bestowed its name in 1673 by Louis Joliet and Reverend Jacques Marquette, who first dubbed the area 'Manchester' after their beloved City of Manchester in England. Today, Manchester boasts a population of over 18,000 residents.
Manchester, MO is a great place for affordable rent-to-own homes! With a median household income of over $78,381 and a median rent of $1,040, the Manchester, 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 Manchester, 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 Manchester, MO Property Resources
Rent to own Homes in Cities Near Manchester, 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
- Defiance
- Eureka
- Ferguson
- Flordell Hills
- Florissant
- Frontenac
- Glendale
- Glen Echo Park
- Green Park
- Hanley Hills
- Hazelwood
- High Ridge
- Hillsdale
- Huntleigh
- Imperial
- Josephville
- Kinloch
- LaBarque Creek
- Lakeshire
- Manchester
- Maryland Heights
- New Melle
- Normandy
- Oakland
- O'Fallon
- Olivette
- Overland
- Pacific
- Pagedale
- Peaceful Village
- Pine Lawn
Neighborhoods in Manchester, MO
Country Lane Woods rent to own homesPopular Zip Codes in Manchester, MO
No zip codes foundBuying a Home in Manchester, MO
Manchester, MO is seeing rapid growth and Manchester, MO's' housing market remains not optimal with an average home price that is 10% above the 2024 national average. Manchester, 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 Manchester, MO
Median Rent in Manchester, MO
Top 6 Reasons to Live in Manchester, MO
High home values! With home values in the city higher than many in the state of Missouri at $223,875, many buyers and investors consider Manchester a great place to invest. Look for a house for sale around Warwick Lane or in the neighborhood of Big Bend Station Drive. If you want to buy a house but can't quite fit it into your budget yet, consider working out a rent to own deal with the seller.
Ample community events! If the promise of a lucrative investment isn't enough to draw people to the area, the plentiful community events may be. Manchester's Elf on A Shelf event finds everyone in town trying to keep track of a life-size elf's daily whereabouts. There's also the annual Breakfast with Santa which lets young and old alike dine with Santa. This event sells out quickly so grab your tickets early!
International cuisine choices! Even though Manchester is a small-town community, residents still have many international dining choices. Check out the local India's Kitchen or Shahrazad Mediterranean Cuisine for a deliciously different meal.
Get close to nature at one of Manchester's many parks! Manchester has seven neighborhood parks that offer picnicking, ball parks, playgrounds, jogging, biking and walking opportunities. Reber Park and Seibert Park are two of the parks located close to downtown Manchester.
Abundant rentals! The vacancy rate in town 2.66 percent, showing just how popular this town is. Though the vacancy rate is low, most of the properties are owner occupied, 78.01 percent, which means many of the rentals are available. Approximately 17 percent of the rentals are in apartment complexes, so renters can find whatever type of housing they desire. To outfit your new home, there are many furniture and appliance rental businesses in Manchester. Rent-A-Center and McGuire Furniture Rental both serve residents of Manchester with all their furniture and appliance needs.
History comes alive in Manchester! With more than 200 years of history, Manchester is a great place for any history buff. Run by the Old Trails Historical Society; the Bacon Log Cabin has many pictures of the area throughout the years. The Old Trails Historical Society also offers walking tours of downtown Manchester. During the walking tour, a guide explains the history behind many historic homes such as the Fred Stoecker House and Charles Seibel House.