Rent to own Homes in East Ridge, TN
Located just north of the Mississippi border and just outside the city limits of Chattanooga, East Ridge is in an ideal location. Encompassing a total of 8.3 miles, East Ridge, TN is home to a population of 21,000 residents. The city features a vibrant local arts scene, with the East Ridge Historical Center hosting events that celebrate the city's proud heritage.
East Ridge, TN is a great place for affordable rent-to-own homes! With a median household income of over $47,811 and a median rent of $911, the East Ridge, TN 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 East Ridge, TN. 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 East Ridge, TN Property Resources
Rent to own Homes in Cities Near East Ridge, TN
- Apison
- Birchwood
- Chattanooga
- Chattanooga Valley
- Chickamauga
- Cleveland
- Collegedale
- Dalton
- East Ridge
- Fairmount
- Fairview
- Falling Water
- Flat Top Mountain
- Flintstone
- Fort Oglethorpe
- Georgetown
- Guild
- Harrison
- Hixson
- Indian Springs
- LaFayette
- La Fayette
- Lakesite
- Lakeview
- Lone Oak
- Lookout Mountain
- Lookout Mountain
- Lupton City
- Mc Donald
- Middle Valley
- Mowbray Mountain
- New England
- Ooltewah
- Powells Crossroads
- Red Bank
- Ridgeside
- Rising Fawn
- Rock Spring
- Rocky Face
- Rossville
- Signal Mountain
- Soddy-Daisy
- South Cleveland
- Trenton
- Walden
- West Brow
- Whiteside
- Whitwell
- Wildwood
- Wildwood Lake
Neighborhoods in East Ridge, TN
No neighborhoods foundPopular Zip Codes in East Ridge, TN
37412 rent to own homesBuying a Home in East Ridge, TN
East Ridge, TN is seeing rapid growth and East Ridge, TN's' housing market remains optimal with an average home price that is -39% below the 2024 national average. East Ridge, TN is part of Hamilton 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 Hamilton is 0.86% which is below the national average, which is 0.99%.
Median Home Price in East Ridge, TN
Median Rent in East Ridge, TN
Top 6 Reasons to Live in East Ridge, TN
Local arts and culture! Opened in 2008, the East Ridge History Center proudly showcases the community's history and culture through changing exhibits and guided tours. Head to the East Ridge Community Center to attend town council meetings, rent space for meetings and participate in fun programs like cooking classes.
Plenty of outdoor activities! East Ridge offers numerous recreational activities for residents. For outdoors and exercise enthusiasts, Camp Jordan has 13 athletic fields as well as a walking track, picnic pavilion, fishing pond and outdoor amphitheater. Young children can easily become involved in sports with the seasonal leagues offered through the East Ridge Baseball/Softball/Soccer Association.
Numerous annual events! From November to January, East Ridge transforms from a suburban city into a Holiday oasis. The Christmas Nights of Lights, an exciting drive-thru Christmas light show, occurs nightly in Jordan Park from dusk until 10 PM. Ring in the New Year in style at East Ridge's First Night festivities with an impressive fireworks display and a champagne or hot chocolate toast for all to enjoy.
Tennessee cuisine at its best! For the best fried chicken in the state, head straight for Jenkins County Style Buffet. If spicy is more your style, the tacos at Don Juan Mexican Restaurant are delicious local favorites.
Rent at an all time low! During the height of the housing market in 2004, rent in East Ridge was at a record high of $1,000. More recently, the median rent has fallen back down to $750, lower than the Chattanooga Metro area by $250. Inexpensive deals on rent to own homes can be had in neighborhoods like Cline Road and Clover Street.
Home values rising! In 2014 the median home value in East Ridge has risen 2.2 percent to $101,700. With this figure expected to rise another 1.3 percent in the next year, now is the time to buy a home with instant equity in an area of the city like Maiden Drive and Donaldson Road.