Rent to own Homes in Ashtabula, OH
The city of Ashtabula is located in Ohio, fairly close to the border of Pennsylvania. Ashtabula covers almost eight square miles and has a population of around 19,000 people, according to the 2010 census. The city's name comes from a word in the Lenape language that roughly translates to "always enough fish to be shared around." Ashtabula's location on the shore of Lake Erie and the banks of the Ashtabula River helped ensure that early residents enjoyed an ample supply of fish.
Ashtabula, OH is a great place for affordable rent-to-own homes! With a median household income of over $33,918 and a median rent of $673, the Ashtabula, OH 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 Ashtabula, OH. 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 Ashtabula, OH Property Resources
Rent to own Homes in Cities Near Ashtabula, OH
- Albion
- Avonia
- Cambridge Springs
- Conneaut
- Conneautville
- Cranesville
- East Springfield
- Edinboro
- Erie
- Girard
- Harmonsburg
- Kingsville
- Lake City
- Lawrence Park
- McKean
- Mc Kean
- North Kingsville
- North Springfield
- Northwest Harborcreek
- Pierpont
- Platea
- Pymatuning North
- Saegertown
- Springboro
- Venango
- Wesleyville
- West Springfield
Neighborhoods in Ashtabula, OH
No neighborhoods foundPopular Zip Codes in Ashtabula, OH
44004 rent to own homesBuying a Home in Ashtabula, OH
Ashtabula, OH is seeing rapid growth and Ashtabula, OH's' housing market remains optimal with an average home price that is -67% below the 2024 national average. Ashtabula, OH is part of Ashtabula 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 Ashtabula is 1.25% which is above the national average, which is 0.99%.
Median Home Price in Ashtabula, OH
Median Rent in Ashtabula, OH
Top 5 Reasons to Live in Ashtabula
Real estate is affordable! Homes for sale in Ashtabula cost almost $100,000 less than the national average, which means it's an excellent place to look for a home if you have a limited budget. Of course, properties are available in a range of prices, depending on the area or the size of the home. Munson Hill is one of the most expensive neighborhoods in the city, while Bunker Hill is one of the most affordable.
Lakeside living! Since Ashtabula is located on the shores of Lake Erie, the city offers all the benefits you might expect from a lakeside location. During the warmer months, you can lounge in the sun on Walnut Beach. Those who enjoy spending time on the water may want to join the Ashtabula Yacht Club or just hire a boat and go sailing. If you've always wanted to learn to scuba dive, sign up for lessons at the Harbor Dive Center.
Entertainment on stage and on the silver screen! The renowned Ashtabula Arts Center puts on performances from local theater groups and displays art in a variety of different forms. If you prefer your entertainment by way of Hollywood, head to Carmike Cinemas to watch the latest blockbusters.
Rental prices are low! Ashtabula is a great place to look for affordable rental homes or rent to own houses, as the monthly cost of rent is low. In fact, the median rent in the city is around $100 less than the Ohio average and more than $250 less than the national average. Particularly affordable neighborhoods include Lake Avenue and East Ashtabula.
Plenty of places to eat out! You'll be spoiled for choice when eating out in Ashtabula, as there are numerous restaurants and other eateries. Harbor Perk is popular for coffee and cake or a light lunch, Tony's Dog House is an excellent restaurant for diners of all ages and Alessandro's is highly rated for Italian food.