Rent to own Homes in Mayfield Heights, OH
Mayfield Heights was merely a stop on the Chagrin River early in the 19th century, shortly after Ohio joined the Union. After its early days as a trade location, and then a streetcar suburb, Mayfield Heights developed into a bustling city on the east side of Cleveland. Horses and buggies used to drive down the roads that are now lined with busy shops and delicious restaurants. The 18,827 residents who call Mayfield Heights home enjoy an easy commute to Cleveland, recreational facilities and access to state-of-the-art healthcare.
Mayfield Heights, OH is a great place for affordable rent-to-own homes! With a median household income of over $55,901 and a median rent of $942, the Mayfield Heights, 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 Mayfield Heights, 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.
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Rent to own Homes in Cities Near Mayfield Heights, OH
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Neighborhoods in Mayfield Heights, OH
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Mayfield Heights, OH is seeing rapid growth and Mayfield Heights, OH's' housing market remains optimal with an average home price that is -30% below the 2024 national average. Mayfield Heights, 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 Mayfield Heights, OH
Median Rent in Mayfield Heights, OH
Top 6 Reasons to Live in Mayfield Heights, OH
A variety of homes for sale! Whether it is a charming post-WWII bungalow with a lot of character, a colonial-style dwelling or a recently built house, Mayfield Heights offers buyers and renters a host of choices. Most neighborhoods are located just off SOM Center Road (Route 91) and near Mayfield Middle School.
Mayfield Heights is a shopper's paradise! Eastgate Shopping Center and Golden Gate Shopping Center, the two main shopping districts in Mayfield Heights, are conveniently located near each other. It's easy to spend the entire day shopping in the area, as options range from nationwide chain stores to small boutique shops.
Lower cost of living than the national average! Residents enjoy a cost of living that is 4.8 percent lower than the national average. The area also boasts an income tax that is only 1 percent, well below the nation's top local tax rates of 9.45 percent. With a lower income tax and living costs, buying property is good option. Newcomers will find rent to own homes between Ridgebury and Mayfield Roads or behind Hillcrest Hospital in the Windsor Circle neighborhood.
Roads and minutes - it's all about the numbers! Mayfield Heights has its own exit from Interstate 271, a major Cleveland-area artery. It's easy to reach Interstates 90, and 480, and the city is only 40 minutes from Cleveland Hopkins International Airport and a 25-minute drive to downtown Cleveland.
Tasty dining options! Although it's close to Cleveland's famous restaurants, Mayfield Heights has several delectable dining establishments of its own. Gaetano's, Arrabiata's and Piccolo serve customers a variety of Italian dishes. Patrons of Taste of Kerala savor the spicy dishes of south India, while American cuisine is widely available along Mayfield Road.
World class medical care! Part of the renowned Cleveland Clinic hospital system, Hillcrest Hospital provides top-notch medical services including cardiac and cancer care. Many doctors within the Cleveland Clinic system maintain privileges at Hillcrest, making world-class care accessible in a suburban locale. Across the street from the hospital, Tower Lane features several medical offices for follow-up or post-operative care.