Rent to own Homes in Oak Grove, OR
Nestled along the east side of the Willamette River, this unincorporated three square mile community in Clackamas County is a little oasis of large homes on abundant tree-filled lots. When the area was originally planted in the 1890s the abundance of oak trees served as the inspiration for its name, Oak Grove. The river provides ample opportunity for water sports of all kinds. America's first electric street car ran right through town.
Oak Grove, OR is a great place for affordable rent-to-own homes! With a median household income of over $66,809 and a median rent of $1,389, the Oak Grove, OR 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 Oak Grove, OR. 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 Oak Grove, OR
- Boring
- Cedar Hills
- Cedar Mill
- Clackamas
- Colton
- Donald
- Dundee
- Dunthorpe
- Durham
- Eagle Creek
- Fairview
- Felida
- Garden Home-Whitford
- Gladstone
- Gresham
- Happy Valley
- Hazel Dell
- Hillsboro
- Hubbard
- Jennings Lodge
- Johnson City
- King City
- Lake Oswego
- Maywood Park
- Metzger
- Milwaukie
- Molalla
- Mount Angel
- Mulino
- Newberg
- Oak Grove
- Oak Hills
- Oatfield
- Oregon City
- Portland
- Raleigh Hills
- Ridgefield
- Rivergrove
- Rockcreek
- Scappoose
- Sherwood
- Stafford
- St. Paul
- Tigard
- Troutdale
- Tualatin
- West Linn
- West Slope
- Wilsonville
- Woodburn
Popular Zip Codes in Oak Grove, OR
No zip codes foundBuying a Home in Oak Grove, OR
Oak Grove, OR is seeing rapid growth and Oak Grove, OR's' housing market remains not optimal with an average home price that is 63% above the 2024 national average. Oak Grove, OR is part of Clackamas 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 Clackamas is 0.85% which is below the national average, which is 0.99%.
Median Home Price in Oak Grove, OR
Median Rent in Oak Grove, OR
Top 5 Reasons to Live in Oak Grove
Water sports reign! The Willamette River, flowing north into the Columbia River provides opportunities for fishing, boating, water skiing, paddle boarding or just lazing on its banks. ENRG Kayaking, just down the road in Oregon City, provides tours, training and rentals of all kinds. Want to try some fishing from the river bank? Rivervilla Park is probably just what you are looking for!
Great area to commute from! This is a great time to buy or rent a home in Oak Grove, a hidden gem south of Portland. Because of its distance from Portland, historic homes and lots are quite large, but because the distance is only 9 miles, commuting is a breeze. Rental homes as well as rent to own homes are available at great prices even as the housing market slowly recovers after the last few years. If you're looking to buy a house, check out the neighborhood around Southeast Oak Grove Boulevard or Southeast Arista Drive.
The perfect area for cycling, running and walking! Oak Grove's Trolley Trail at one time served as the street car path connecting Portland to Oregon City. The street car eventually stopped running and tracks were removed in 1968. The paved trolley trail has been improved in the last few years and will soon be a main bicycle/walking/jogging path connecting Portland to Oregon City, a welcome addition to Portland's Springwater Trail system.
Try some rest and relaxation! Stay at the nearby Sandes of Time Bed and Breakfast, one of many historic homes. If you prefer a simple meal out, The Grove truly is the best hang-out in town. From piping hot breakfasts to hearty home-cooked dinners, The Grove's friendly waiters will happily accommodate you.
Renting is the way to go! The median listing price of homes is $284,900 while the median rental price is $905, lower than Portland's median rental rate so renting is the way to go. To find an apartment, check out The Bluffs apartment complex or for a rental house, look around the neighborhood of Southeast Park Avenue.