Rent to own Homes in Lyndhurst, OH
This area was part of what was called the Western Reserve and was once part of Connecticut. When settlement began in earnest, much of it was known as the Firelands, areas set aside for New England residents whose homes were destroyed in the Revolutionary War. These days, Lyndhurst is a quiet suburb of the Cleveland metro area. The town saw a post-WWII boom that peaked about 1970. These days, it's home to about 14,000 people.
Lyndhurst, OH is a great place for affordable rent-to-own homes! With a median household income of over $73,708 and a median rent of $1,195, the Lyndhurst, 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 Lyndhurst, 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 Lyndhurst, OH Property Resources
Rent to own Homes in Cities Near Lyndhurst, OH
- Bass Lake
- Bedford Heights
- Bentleyville
- Boston Heights
- Broadview Heights
- 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
- Painesville
- Parma
- Parma Heights
- Peninsula
- Reminderville
- Richfield
- Richmond Heights
- Rocky River
- Shaker Heights
- Solon
- South Euclid
- South Russell
- Stow
- Streetsboro
- Sugar Bush Knolls
- Timberlake
- Twinsburg Heights
- University Heights
- Waite Hill
- Wickliffe
Neighborhoods in Lyndhurst, OH
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No zip codes foundBuying a Home in Lyndhurst, OH
Lyndhurst, OH is seeing rapid growth and Lyndhurst, OH's' housing market remains optimal with an average home price that is -32% below the 2024 national average. Lyndhurst, OH is part of Cuyahoga 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 Cuyahoga is 1.93% which is above the national average, which is 0.99%.
Median Home Price in Lyndhurst, OH
Median Rent in Lyndhurst, OH
6 Reasons to Love Living in Lyndhurst, Ohio
A buyer's market! In late 2014 the median sales price was just $106,000, down 14.5 percent from a year before. The softness would indicate good opportunities for those looking to buy, and rent to own houses are also worth looking into. Look for homes near Brainard Park to be close to I-271 or search the west part of town for large properties with big lots.
Plenty of local shopping! Billing itself as a lifestyle center, Legacy Village is a shopping center that is much more than a typical mall. Specialty shops, choice restaurants and a diverse range of businesses are here. Find a lot of interesting shops along Mayfield Avenue and in the Mayfield Shopping Center at the east end of town.
Great eateries! Bangkok Thai on Mayfield Avenue is one of the best Thai restaurants in the area. Claddagh Irish Pub on Cedar Road is everything you would expect a good Irish pub to be. Brio Tuscan Cafe offers up tasty Italian fare.
Affordable homes! There are nice, tree-lined neighborhoods like Bolton Park or near the recreation center at Lyndhurst Park with homes listing at very attractive prices. Look for new developments like Acacia Estates for modern amenities and new floor plans.
Lots of entertainment options! Red Square Restaurant and Party Center on Mayfield Road is a great Russian eatery that also hosts banquets and celebrations. Just to the north on Richmond Road is Regal Richmond Town Square Stadium 20, where you can catch the latest films. It's not far to Cleveland either, with pro sports teams like the Browns, Indians and Cavaliers.
Nice green space and golfing! If golf is your game, Mayfield Country Club has great greens. For those wishing to get out in nature right in town, Acacia Reservation has 155 acres of green space. Hiking trails, a creek and a clubhouse that can be rented out are among the amenities.