Rent to own Homes in Westlake, OH
Considered an affluent and desirable suburb of Cleveland, Westlake has a population of 33,000 residents. Just one mile from the southern shore of Lake Erie, Westlake offers the quiet of country living with the proximity to a bustling metropolis. Numerous housing options range from condos to apartments to single family homes. There's truly something for everyone in Westlake. From the recently built movie theater to the Sky Zone Indoor Trampoline, you'll have no trouble finding an activity to enjoy.
Westlake, OH is a great place for affordable rent-to-own homes! With a median household income of over $92,917 and a median rent of $1,223, the Westlake, 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 Westlake, 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 Westlake, OH Property Resources
Rent to own Homes in Cities Near Westlake, OH
- Akron
- Amherst
- Avon
- Avon Lake
- Bay Village
- Bedford
- Berea
- Bratenahl
- Broadview Heights
- Brooklyn
- Chippewa Lake
- Columbia Station
- Creston
- Cuyahoga Falls
- Cuyahoga Heights
- Elyria
- Fairlawn
- Fairview Park
- Gloria Glens Park
- Grafton
- Independence
- Lakewood
- Linndale
- Litchfield
- Lorain
- Maple Heights
- Medina
- Middleburg Heights
- Montrose-Ghent
- North Olmsted
- North Ridgeville
- Oberlin
- Olmsted Falls
- Parma
- Parma Heights
- Peninsula
- Pheasant Run
- Pigeon Creek
- Richfield
- Rocky River
- Seville
- Shaker Heights
- Sharon Center
- Sheffield
- Sheffield Lake
- South Amherst
- Spencer
- Valley City
- Westfield Center
- Westlake
Neighborhoods in Westlake, OH
No neighborhoods foundPopular Zip Codes in Westlake, OH
44145 rent to own homesBuying a Home in Westlake, OH
Westlake, OH is seeing rapid growth and Westlake, OH's' housing market remains not optimal with an average home price that is 21% above the 2024 national average. Westlake, 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 Westlake, OH
Median Rent in Westlake, OH
Top 4 Reasons to Live in Westlake, OH
Now is the time to buy! Nearly 100 of the homes for sale in Westlake are foreclosure properties. Given that a bank will often want to sell these houses quickly, a buyer can make an offer that is less than the list price. There's no better time to snag a great deal in this community. You can also look for a rent to own home in a neighborhood like Canterbury Road or Mozart Drive.
Rising home values! Buying a home is a lot like purchasing stock -- the goal is to buy low and sell high. That's why people looking to move to Westlake will be excited to know that the median home value is $227,900. Given that this figure is predicted to rise by 2.7% in the next year, now is the perfect time to look for a home in a community like The Estates or West Dover.
A food lover's paradise! A cultural melting pot of different cuisines, Westlake has a dish for everyone. For meat and potatoes, head to the Cabin Club where the Filet Mignon will leave your mouth watering for more. Take a trip to Spain with a delicious meal at Sangria y Tapas. Be sure to end any meal with a decadent homemade baked good from Mulino Pastry European Bakery
Never-ending community events! The City of Westlake takes pride in hosting annual events that bring the community together. From the summer concerts in the park that feature local musicians to the Christmas Tree Lighting in the Town Center, these events bring together residents in a fun and festive manner. Kids will enjoy the October Pumpkin Festival with free face painting, a hay maze, and hay rides, while adults will be at home at the Celebrate Westlake festival in August.