Rent to own Homes in Missoula, MT
With an average population of 61,000, Missoula is a western Montana city and home to University of Montana. This city has the perfect balance between the liveliness of an urban area and the beautiful views and peaceful environment of the country. It is considered one of the top ski destinations in the State of Montana and offers six world-class golf courses, high quality public and private schools, and amazing natural resources. Missoula is also one of the most resilient real estate markets in the country, as the average price per square foot has risen around 70% from last year.
Missoula, MT is a great place for affordable rent-to-own homes! With a median household income of over $50,947 and a median rent of $900, the Missoula, MT 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 Missoula, MT. 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 Missoula, MT Property Resources
Rent to own Homes in Cities Near Missoula, MT
Neighborhoods in Missoula, MT
Fairview & Pattee Canyon rent to own homes South 39th Street rent to own homes Franklin to the Fort rent to own homes Lewis And Clark rent to own homes Lower Rattlesnake rent to own homes Rose Park rent to own homes Southgate Triangle rent to own homes Emma Dickinson / Orchard Homes rent to own homes Grant Creek rent to own homes Heart of Missoula rent to own homesPopular Zip Codes in Missoula, MT
59806 rent to own homes 59807 rent to own homes 59801 rent to own homesBuying a Home in Missoula, MT
Missoula, MT is seeing rapid growth and Missoula, MT's' housing market remains not optimal with an average home price that is 39% above the 2024 national average. Missoula, MT is part of Missoula 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 Missoula is 0.93% which is below the national average, which is 0.99%.
Median Home Price in Missoula, MT
Median Rent in Missoula, MT
Top Reasons to Live in Missoula MT
Housing Statistics The local real estate market is still on the affordable side, with an average listing price of $330,853. Missoula offers a variety of styles and construction types that range from 1950s brick homes to renovated ranch-style properties, but you can also find newer developments (even some rent to own places) that offer modern homes in amazing locations. As of August 2013, the market has 837 homes for sale, with a median sales price of $160,000, which is a really good opportunity for young professionals or retired citizens. Missoula is organized into 18 main neighborhoods, and price ranges vary greatly from one to another.
Local Restaurants If you are interested in good and varied restaurant options, Missoula has a lot to offer. Being home to the University of Montana, Missoula has its fair share of breweries and wine bars. Two excellent examples are the Ten Spoon Vineyard and Winery and the Bayern Brewing Inc., where you can enjoy artisan beer. But if you are looking for great food, Missoula has options too. Restaurants like The Silk Road and The Pearl Cafe offer a fine dining experience that meets the standards of the greatest metropolitan restaurants.
Local Events and Festivals Missoula is called "the cultural center" of the State of Montana for a reason. The landmark event, held during the last days of August, is the River City Roots Festival. It offers live music and activities like the Family Fun Weekend, which is an event that prides itself on building strong community ties. The University of Montana also offers events for Missoula's inhabitants, such as "Shakespeare in the Parks" and ongoing seminars and conferences open to the general public. If you are interested in more traditional activities, a bingo night is held every week as well.
Neighborhood Guide Each of the popular neighborhoods of Missoula has different characteristics and advantages. Here is a review of each: