Rent to own Homes in Spanish Lake, MO
Spanish Lake, called Spanish Pond until the 19th century, was named after the Spanish troops who occupied the area during the construction of a fortified post in 1768. The area was the property of James de St. Vrain, the brother of the last lieutenant governor of Upper Louisiana. Today, Spanish Lake is occupied by nearly 20,000 residents and is recognized as a census designated place in St. Louis County.
Spanish Lake, MO is a great place for affordable rent-to-own homes! With a median household income of over $41,632 and a median rent of $830, the Spanish Lake, 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 Spanish Lake, 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 Spanish Lake, MO Property Resources
Rent to own Homes in Cities Near Spanish Lake, MO
- Alton
- Bellefontaine Neighbors
- Bel-Ridge
- Black Jack
- Breckenridge Hills
- Brentwood
- Castle Point
- Charlack
- Columbia
- Concord
- Cool Valley
- Country Club Hills
- Creve Coeur
- Dellwood
- Des Peres
- Dow
- Edmundson
- Elsah
- Fenton
- Glasgow Village
- Grantwood Village
- Greendale
- Jennings
- Kirkwood
- Ladue
- Lemay
- Mackenzie
- Maplewood
- Marlborough
- Mehlville
- Moline Acres
- Murphy
- Northwoods
- Norwood Court
- Oakville
- O'Fallon
- Old Jamestown
- Pasadena Hills
- Pasadena Park
- Richmond Heights
- Riverview
- Rock Hill
- Sappington
- Shrewsbury
- Spanish Lake
- St. Ann
- St. George
- St. John
- Sunset Hills
- Winchester
Neighborhoods in Spanish Lake, MO
Spanish Lake rent to own homesPopular Zip Codes in Spanish Lake, MO
No zip codes foundBuying a Home in Spanish Lake, MO
Spanish Lake, MO is seeing rapid growth and Spanish Lake, MO's' housing market remains optimal with an average home price that is -55% below the 2024 national average. Spanish Lake, 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 Spanish Lake, MO
Median Rent in Spanish Lake, MO
4 Reasons to Live in Spanish Lake, Missouri
Proximity to St. Louis, Missouri! Spanish Lake is in the northeast corner of St. Louis, County, and is one of many destinations for the St. Louis Metro service. If you're wanting to get downtown for the day, you'll enjoy a short ride on the bus, or you can drive down nearby 367 to reach the city. St. Louis has it all: Shopping, dining, fine and visual arts, and championship sports teams. The Forest Park Zoo is open all year and is free to the public, or you can enjoy the view from the top of the Gateway Arch for a fee.
Enjoy a day at the park! You don't have to leave town for recreational purposes; Spanish Lake has its own aptly named 242-acre park, called Spanish Lake Park. The park, located off Spanish Pond Road, opened in 1971 and is the location of two playgrounds, several walking trails, a cross-country course and two lakes designated for fishing and boating. The park is also home to Spirit Field, a baseball facility field commissioned by the Cardinal Care program in 2001.
Lots of vacancies available! Homes in Spanish Lake range from medium- to small-sized single family residences to apartment complexes and high rise apartment buildings. There are plenty available to choose from. Vacancies in Spanish Lake are at a higher than average 19 percent, which is higher than most American neighborhoods. The current median home value in Spanish Lake is $95,000. If you're looking for a house to rent, search the area around Criterion Avenue just south of the Spanish Lake Park, just a mile away from a few quick food stops such as Subway and five miles away from Starbucks.
Homes are increasing in value! Over the last twelve months, homes in Spanish Lake increased 4.7 percent in value. It's a great time to look for a rent to own home in this area, as property is expected to continue this upward trend. Look for a house near Bellefontaine Road if you want to be close to your grocer, in this case Schnucks, or near local eateries such as China King or Subway.