Rent to own Homes in Springfield, OH
Tour the Westcott House! Designed by architectural mastermind Frank Lloyd Wright, this prairie-style mansion is open for visitors. It's situated at 1340 East High Street and is operated by the Westcott House Foundation on South Greenmount Avenue.
Springfield, OH is a great place for affordable rent-to-own homes! With a median household income of over $39,344 and a median rent of $733, the Springfield, 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 Springfield, 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 Springfield, OH Property Resources
Rent to own Homes in Cities Near Springfield, OH
- Beavercreek
- Brandt
- Cable
- Casstown
- Catawba
- Cedarville
- Choctaw Lake
- Christiansburg
- Clifton
- Conover
- Crystal Lakes
- Dayton
- Donnelsville
- Enon
- Fairborn
- Green Meadows
- Holiday Valley
- Huber Heights
- Irwin
- Jamestown
- Jeffersonville
- Lawrenceville
- London
- Mechanicsburg
- Medway
- Mutual
- New Carlisle
- North Hampton
- North Lewisburg
- Northridge
- Park Layne
- Riverside
- Rosewood
- South Charleston
- South Solon
- South Vienna
- Springfield
- St. Paris
- Tipp City
- Tremont City
- Urbana
- Vandalia
- West Liberty
- Wilberforce
- Woodstock
- Wright-Patterson AFB
- Xenia
- Yellow Springs
Neighborhoods in Springfield, OH
Fairview rent to own homes Clifton Avenue rent to own homes Avondale rent to own homes Dynesville rent to own homes Arlington rent to own homes Bechtle Business Dist rent to own homes Belle Avenue rent to own homes Belmar rent to own homes Belmont Meadows rent to own homes Buck Creek Improvements rent to own homesPopular Zip Codes in Springfield, OH
45501 rent to own homes 45505 rent to own homes 45503 rent to own homesBuying a Home in Springfield, OH
Springfield, OH is seeing rapid growth and Springfield, OH's' housing market remains optimal with an average home price that is -63% below the 2024 national average. Springfield, OH is part of Clark 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 Clark is 1.32% which is above the national average, which is 0.99%.
Median Home Price in Springfield, OH
Median Rent in Springfield, OH
Top 14 Reasons to Live in Springfield
Live in a historic home! If you want a pad that says history, Springfield is your place. Roughly 35% of Springfield's houses were constructed before 1939, with a good portion having been finished before the turn of the 20th century. The South Fountain Historic District boasts a lot of time-honored gems. The East High Street District showcases 10 structures which have been honored as national landmarks. If you are lucky enough, you may be able to land a place in one of these historic house districts.
Enjoy Snyder Park! There's no bigger or older one in Springfield. Professional baseball games were even once played here. The arch entrance makes for a great picture. The 122-acre park sits between Park Street and Buck Creek.
Renters can rejoice! When you envision a small Midwestern town, you probably think most people own the house in which they sleep. Springfield -- with 42.8% of its housing units renter-occupied -- is surprisingly well above the national average. You'll find rentals and rent to own deals in every neighborhood, from listings in Northridge to those around Rose Street Park.
The town is art-tastic! The Summer Arts Festival, Springfield Symphony Orchestra's yearly concert program, and performances at the Springfield Civic Theatre headline a long list of great events. The Springfield Museum of Art offers breathtaking exhibits and has been named a Smithsonian Affiliate - the only one to obtain such an honor in Ohio.
Chow down on great food! Wonderful eateries ensure your stomach is never left growling. Notable restaurants include Collier's Family Restaurant, Marion's Piazza and The Fountain on Main.
Get local food at farmer's markets! Places like Clark's Farm Market and Harmony Farm Market allow you to buy fresh produce anytime you please. The Springfield Center City Association also helps run the Springfield Farmer's Market each Saturday in the summer.
Play a round of golf! Springfield features plenty of courses to satisfy the needs of any golfing aficionado. Check out tracks like Snyder Park Golf Course, Northwood Hills Country Club and Springfield Country Club.
Enjoy affordable rent! Rental homes and rent to own houses in Springfield won't tear apart your wallet if you don't want or need it to. One bedrooms span from $350 to $550 and up. Two bedrooms go from $500 to $700 and up. Check out complexes like Ashton Meadows, The Hill and Stone Crossing to see some worthwhile options.
Enjoy low listing prices! Over 66% of houses in Springfield are valued at under $100,000 and finding rent to own homes or a house for sale at less than six digits is entirely possible as the mean listing price hovers between $80,000 and $99,000. Research listings near Davey Moore Park or in Warder's Homestead to understand for yourself.
Soak up the beauty of Buck Creek State Park! Right off of Ohio State Route 4 and near Beaver Lake is this pristine area. Read a book by the Clarence J. Brown Reservoir or hike through the woods.
Housing value is growing! Overall, the community of Springfield has seen its home values rise 3.5% in just one year. You can't go wrong with pads in areas near Willa Park and the Moorefield Square Shopping Center.
Make the nightlife your own! Springfield offers great fun in the evening. Venues like Club Panama, 19th Hole Bar and Grill, and Dan and Dee's Cedar Pub never fail to entertain.
It is close to Columbus and Dayton! Play tourist in either city any time you feel. Interstate-70 runs through the south part of town near Circus Plaza Shopping Center and is accessible from South Limestone Street. Thus, getting to Dayton within 35 minutes or Columbus within 50 minutes is possible.