Rent to own Homes in Wadsworth, OH
Located in northeastern Ohio, Wadsworth is a thriving city known for its outstanding school district and warm community. The city was founded in 1814 and now has a population of around 21,567. There is plenty to do around town, including several mouth-watering eateries, parks, a golf club, and a drive-in theater. Nearby is the larger city of Akron, which also boasts many things to do, including the Akron Zoo, Akron University Zips athletic activities, and the Akron Art Museum.
Wadsworth, OH is a great place for affordable rent-to-own homes! With a median household income of over $66,920 and a median rent of $870, the Wadsworth, 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 Wadsworth, 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 Wadsworth, OH Property Resources
Rent to own Homes in Cities Near Wadsworth, 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
Popular Zip Codes in Wadsworth, OH
44281 rent to own homesBuying a Home in Wadsworth, OH
Wadsworth, OH is seeing rapid growth and Wadsworth, OH's' housing market remains optimal with an average home price that is -23% below the 2024 national average. Wadsworth, OH is part of Medina 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 Medina is 1.37% which is above the national average, which is 0.99%.
Median Home Price in Wadsworth, OH
Median Rent in Wadsworth, OH
Top 5 Reasons to Live in Wadsworth, OH
Rise in Employment Opportunities! Although many cities are still experiencing the repercussions of the recession, Wadsworth has seen a rise in employment opportunities over the past several years. The city has also seen a rise in median household income in the past 14 years, to $56,550 in 2012. This median income was also estimated to be 17.9 percent higher than Ohio's median yearly income. Homes with a historic feel can be found along Highland Avenue, while Stratford Crossings offers apartments just north of the Medina Summit Land Conservancy.
Look for Affordable Homes! With a mean price of $170,648 for detached houses, buying a house in Wadsworth can be possible for someone of any means. Look in downtown Wadsworth on College Street or Main Street, or go for a more remote area, such as The Ridge, where many luxury homes are located.
Low Crime Rates! Wadsworth is a great city to live because of the low crime rate. On a scale where the higher the number, the higher the crime rate, Wadsworth's number was recorded in 2012 as 41, compared to the U.S. average of 214. It was also named as one of the 50 Safest Cities in Ohio by safewise.com. There's no doubt that living somewhere like this will leave you feeling safe and sound to enjoy the town's many events, from the summer concert series at the gazebo in East Park to the short walk to the Wadsworth Public Library.
Luxury Apartments or Rental Homes! If you aren't ready to commit to owning a home, but don't want to give up luxury to rent, Wadsworth has you covered. Check out luxury apartments, such as Summit Rise Luxury Apartments or Stonebrooke Village Luxury Apartments to find comfort and leisure in a rental home. If apartment living isn't for you, there are also many homes to rent in the area, and you can even look into a rent to own house.
Meet Your Neighbors at Community Events! Check out the annual Candlelight Walk and parade during the holidays, or visit special events such as the Wadsworth Bicentennial Ball to celebrate the city. You can even stop into an open house for local shops such as Apropos Gifts. Events in the town's Memorial Park are quite common, with the annual Blue Tip Match Festival Celebration acting as a draw for residents and visitors alike.