Rent to own Homes in American Fork, UT
The AF - as many residents lovingly refer to American Fork - is a town at the foot of Mount Timpanogos in Utah County, Utah. Founded by religious pioneers in 1850, American Fork is now home to more than 20,000 people. The town was originally known as Lake City, but 10 years after its formation, the settlement's name was changed to avoid any confusion with Salt Lake City.
American Fork, UT is a great place for affordable rent-to-own homes! With a median household income of over $78,690 and a median rent of $1,256, the American Fork, UT 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 American Fork, UT. 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 American Fork, UT Property Resources
Rent to own Homes in Cities Near American Fork, UT
- Alpine
- Alta
- American Fork
- Benjamin
- Bluffdale
- Brighton
- Cedar Fort
- Cedar Hills
- Cedar Valley
- Charleston
- Copperton
- Cottonwood Heights
- Draper
- Eagle Mountain
- East Basin
- Emigration Canyon
- Fairfield
- Granite
- Heber
- Heber City
- Herriman
- Highland
- Hobble Creek
- Holladay
- Interlaken
- Kearns
- Lehi
- Lindon
- Midvale
- Millcreek
- Murray
- Orem
- Palmyra
- Park City
- Pleasant Grove
- Provo
- Salt Lake City
- Silver Summit
- Snyderville
- South Salt Lake
- Spanish Fork
- Springville
- Summit Park
- Sundance
- Taylorsville
- Vineyard
- Wallsburg
- West Jordan
- West Mountain
- West Valley City
Neighborhoods in American Fork, UT
No neighborhoods foundPopular Zip Codes in American Fork, UT
84003 rent to own homesBuying a Home in American Fork, UT
American Fork, UT is seeing rapid growth and American Fork, UT's' housing market remains not optimal with an average home price that is 48% above the 2024 national average. American Fork, UT is part of Utah 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 Utah is 0.55% which is below the national average, which is 0.99%.
Median Home Price in American Fork, UT
Median Rent in American Fork, UT
5 Great Reasons to Live in American Fork, Utah!
It's a Town Made for the Silver Screen! American Fork was featured in The Sandlot (1992) and Footloose (1984) for several scenes. The Sandlot's carnival scene took place on State Street; the church scene from Footloose was filmed in the Community Presbyterian Church. Baseball and dancing are both allowed here, by the way, so don't worry! It's easy to see why filmmakers have favored this spot. The picturesque, semi-rural small town charm flows heavily throughout AF, from the Wasatch mountain range to historical buildings like the former Bank of American Fork.
Timpanogos Cave! Explore the amazing cave system beneath Mt. Timpanogos! To get there, you'll hike a 1.5 mile trail that peaks at the height of 6730 feet. This unique natural spot is a short drive from American Fork, within northern Utah's Wasatch Mountains. Visitors can also check out the nearby American Fork Canyon.
Buying to Lease is Very Lucrative! Median listing prices on real estate in American Fork are about $350,000 and rising. It's definitely time to invest for the future in this town! Six-bedroom rental homes along Descresendo Drive can fetch up to $1600 per month in rental fees, while smaller 2-bedroom apartments in Pleasant Grove can still go for nearly $800. The AF is certainly a good town in which to be a landlord.
Rent to Own a Beautiful Home! You won't find anything shabby about the housing in American Fork. From the well-maintained apartment complexes to myriad large homes with attached garages and vast lawn space, AF's real estate is high quality. Check out some of the available houses for rent along Lighthouse Drive and Ponte Meadow Loop. Fall in love and sign a rent to own agreement!
Community Events! American Fork is a vibrant community in which residents host many social events. From competitions at the Fox Hollow Golf Course to dances and cooking contests during the annual Steel Days, there is something for everyone to enjoy.