Rent to own Homes in Oakville, MO
Located at the confluence of the Mighty Mississippi and the much smaller Meramec River, Oakville is a dream location for those who enjoy living on or near the water. Take advantage of the location with Bee Tree County Park, a riverfront park located on the grounds of a former 1920s mansion. Oakville also offers proximity to St. Louis, and residents can be downtown in roughly 20 minutes. This conveniently located town offers the best of both worlds, with the city and a rustic river located nearby.
Oakville, MO is a great place for affordable rent-to-own homes! With a median household income of over $86,505 and a median rent of $953, the Oakville, 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 Oakville, 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 Oakville, MO Property Resources
Rent to own Homes in Cities Near Oakville, MO
- Affton
- Arnold
- Ballwin
- Bella Villa
- Bellerive
- Bel-Nor
- Berkeley
- Beverly Hills
- Bridgeton
- Byrnes Mill
- Calverton Park
- Cedar Hill Lakes
- Champ
- Chesterfield
- Clarkson Valley
- Clayton
- Country Life Acres
- Crestwood
- Crystal Lake Park
- De Soto
- Eureka
- Ferguson
- Festus
- Flordell Hills
- Florissant
- Frontenac
- Glendale
- Glen Echo Park
- Green Park
- Hanley Hills
- Hazelwood
- High Ridge
- Hillsboro
- Hillsdale
- Huntleigh
- Imperial
- Kinloch
- LaBarque Creek
- Lakeshire
- Manchester
- Maryland Heights
- Normandy
- Oakland
- Olivette
- Overland
- Pacific
- Pagedale
- Peaceful Village
- Pevely
- Pine Lawn
Neighborhoods in Oakville, MO
Oakville rent to own homesBuying a Home in Oakville, MO
Oakville, MO is seeing rapid growth and Oakville, MO's' housing market remains not optimal with an average home price that is 11% above the 2024 national average. Oakville, 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 Oakville, MO
Median Rent in Oakville, MO
Top 3 Reasons to Move to Oakville, Missouri
Go caving! Oakville is conveniently located next to some of the country's most impressive cave formations. The town's Cliff Cave County Park holds the second-longest cave in St. Louis County, with 4,723 feet of surveyed cave passage. The cave is currently gated off to protect the Indiana Bat, an endangered species, but there are other options nearby, such as Meramec Caverns, which has the largest single cave formation in the world. With more than 6,400 known caves in the state of Missouri, spelunkers (cave explorers) will never tire of the area. The caves are very safe for the casual visitor, and inspected annually by the state Department of Labor to ensure they adhere to rigorous safety guidelines.
Appreciating home prices! Over the past decade, homes in St. Louis County have appreciated at an annual rate of 3.39 percent, providing homeowners with a steady return on their investment. This makes Oakville, with its cost of living below the national average, a tremendous value for homebuyers seeking an affordable lifestyle near a major metro area. Commuters can shorten their drive to work by seeking out neighborhoods along Interstates 55 or 255, but for a quieter atmosphere, look toward South Oakville near the river.
Low rents! Because St. Louis County is home to the city of St. Louis, the largest city in the state, many people move to the area for work. But for those seeking rental units, looking in Oakville is a great option, as it had a 2012 median monthly rent of $821. Compare that with the national average, and Oakville is extremely attractive. The average renter would save nearly a thousand dollars a year, and rent to own is an option. There are a wide variety of rental locations throughout the city, though most rental apartments are clustered along Interstate 55 for convenient access to St. Louis and Rizzo's South County, a traditional Italian restaurant that is a favorite with locals.