Rent to own Homes in Hudson, OH
Hudson, located midway between Cleveland and Akron, is a thriving community of around 22,000 residents. Known for its charming town square and upscale shopping, Hudson was part of the original Connecticut Western Reserve settlement and has thus retained a distinct New England flair. Although the majority of residents commute to jobs in nearby Cleveland and Akron, Hudson is home to several corporations, including Joann Fabrics and Windstream Communications. A number of notable people have called Hudson home, including author Ian Frazier, NFL star Dante Lavelli and early 20th century explorer Lincoln Ellsworth.
Hudson, OH is a great place for affordable rent-to-own homes! With a median household income of over $133,418 and a median rent of $1,898, the Hudson, 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 Hudson, 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 Hudson, OH Property Resources
Rent to own Homes in Cities Near Hudson, OH
- Akron
- Atwater
- Aurora
- Bedford Heights
- Bentleyville
- Boston Heights
- Broadview Heights
- Canton
- Clinton
- Cuyahoga Falls
- Cuyahoga Heights
- Doylestown
- East Canton
- Fairlawn
- Glenwillow
- Green
- Greentown
- Hudson
- Independence
- Lakemore
- Limaville
- Louisville
- Mantua
- Maple Heights
- Marlboro
- Marshallville
- Massillon
- Medina
- Middlebranch
- Mogadore
- Munroe Falls
- Navarre
- New Franklin
- North Industry
- Norton
- Orrville
- Portage Lakes
- Reedurban
- Reminderville
- Richville
- Sawyerwood
- Sharon Center
- Solon
- Stow
- Streetsboro
- Suffield
- Sugar Bush Knolls
- Twinsburg Heights
- Uniontown
- Woodmere
Buying a Home in Hudson, OH
Hudson, OH is seeing rapid growth and Hudson, OH's' housing market remains not optimal with an average home price that is 65% above the 2024 national average. Hudson, OH is part of Summit 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 Summit is 1.53% which is above the national average, which is 0.99%.
Median Home Price in Hudson, OH
Median Rent in Hudson, OH
Top 5 Reasons to Live in Hudson, Ohio
Shopping opportunities! Do you love to shop? So do the residents of Hudson. The city is home to the First and Main shopping district, a collection of more than 100 unique shops and restaurants, many of which are locally owned. Hudson also has a vibrant downtown shopping district with shops that include The Learned Owl Bookstore, one of the few remaining independent bookstores in the greater Cleveland area and home to regular author book signings.
New construction! New housing developments are popping up all over Hudson and are adding to the diverse mix of housing available in the city. Just a few of the new Hudson home construction projects include River Oaks and Nature's Preserve. With a 2.83 percent vacancy rate, it can be a little easier to find a rent to own property in one of these new developments than in more established neighborhoods.
History abounds! Hudson was one of the first communities in Northeast Ohio settled by Europeans, and many of the buildings date back to before the first World War. Among these are the chapel at Western Reserve Academy and Hudson Clock Tower. Hudson was also the boyhood home of abolitionist John Brown and an active stop on the Underground Railroad in the years preceding the Civil War.
Lots of Rental Properties! While housing in Hudson consists primarily of single family homes, you'll usually find a good selection of rental properties among these. A few neighborhoods with lots of rentals include the Meadow Farm Drive and Western Reserve Estates areas.
Parks galore! The City of Hudson owns and operates a collection of 20 city parks, with more than 1,100 acres of land. The most popular parks include the 8-acre Boston Mill Park and the 60-acre Barlow Farm Park. Facilities include ball parks, picnic areas, hiking and biking trails, and children's playgrounds.