Rent to own Homes in Eastlake, OH
Eastlake is conveniently located on the east side of Cleveland only minutes from Interstates 90 and 271. There are 18,577 residents who enjoy the city's recreational activities. It is common for residents to run into the world famous musicians who play at Classic Park at the grocery store or in a local restaurant. Citizens of Eastlake often joke about the Great Blackout of 2003 when the local power plant caused major sections of North America to lose power.
Eastlake, OH is a great place for affordable rent-to-own homes! With a median household income of over $53,350 and a median rent of $868, the Eastlake, 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 Eastlake, 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 Eastlake, OH Property Resources
Rent to own Homes in Cities Near Eastlake, OH
- Bass Lake
- Bedford Heights
- Bentleyville
- Boston Heights
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- Brooklyn
- Chardon
- Chesterland
- Cuyahoga Falls
- Euclid
- Glenwillow
- Grand River
- Highland Heights
- Hudson
- Hunting Valley
- Huntsburg
- Independence
- Kirtland
- Lakeline
- Lakewood
- Linndale
- Lyndhurst
- Macedonia
- Mantua
- Maple Heights
- Mentor-on-the-Lake
- Middleburg Heights
- Moreland Hills
- Newbury
- Orange
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- Peninsula
- Reminderville
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- Richmond Heights
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- Solon
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- South Russell
- Stow
- Streetsboro
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- University Heights
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Neighborhoods in Eastlake, OH
Eastlake rent to own homesPopular Zip Codes in Eastlake, OH
44095 rent to own homesBuying a Home in Eastlake, OH
Eastlake, OH is seeing rapid growth and Eastlake, OH's' housing market remains optimal with an average home price that is -40% below the 2024 national average. Eastlake, OH is part of Lake 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 Lake is 1.54% which is above the national average, which is 0.99%.
Median Home Price in Eastlake, OH
Median Rent in Eastlake, OH
Top 5 Reasons to Move to Eastlake, Ohio
Great land and water recreation! Chagrin River Yacht Club is a popular, bustling place during the summer months and will dry dock boats in the off-season. Nearby Sima Marine, a family owned company, will facilitate the buying and selling of watercraft. The Lake County Captains, a minor league baseball team, play at Classic Park.
Have some of the best donuts you will ever taste! Eastlake, Ohio knows how to make doughnuts. Doughnut lovers can choose between two well-known doughnut shops: Biagio's Donuts and Pizzeria and DeMarco's Donuts. Residents come from all around the county to enjoy the crullers and jelly-filled treats made at these family-owned establishments. Biagio's also offers freshly made slices of pizza.
House values have gone up! According to the city-data website, the median house or condo value in 2012 was $129,309 compared to Ohio's median house value of $127,600 and Eastlake's 2000 house value of $109,800. The value went up and even surpassed Ohio's overall value, which is why residents are buying. Popular neighborhoods include Lakeshore Towers, Sussex West, Manor Park and Dover Apartments complexes.
Plenty of housing options! Rent to own and for sale by owner houses are available near Lakeshore Boulevard and along Willowick Drive. For those who want to live near Lake Erie, Lake Breeze Cove Condominiums offers rental homes.
Visit the Boulevard of 500 Flags! The Boulevard is a complex of several memorials and a source of civic pride. In 1995 the city chose to commemorate the local veterans by building a moving tribute to them with American flags. In 2002 the city added a structure to remember the victims of the September 11th terrorist attacks. They obtained two of only 150 pieces of steel that remained from the World Trade Center in New York City. The Olympic torch passed through Eastlake in 1996 on its way to Atlanta, Georgia and The East Ohio Gas Company built an Eternal Flame for the occasion. The Eternal Flame remains in the Boulevard.