Rent to own Homes in Holladay, UT
Incorporated in 1999 as Holladay-Cottonwood and shortened to simply Holladay only a month later, this small city in Utah has experienced tremendous growth over a relatively short period. With a current population of about 27,000, Holladay is situated in Salt Lake County, which affords residents convenient access to Salt Lake City. Though it was only recently incorporated as a city, Holladay happens to be the oldest continuously inhabited area in Utah.
Holladay, UT is a great place for affordable rent-to-own homes! With a median household income of over $92,635 and a median rent of $1,305, the Holladay, 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 Holladay, 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 Holladay, UT Property Resources
Rent to own Homes in Cities Near Holladay, UT
- Alpine
- Alta
- American Fork
- Bingham Canyon
- Bluffdale
- Bountiful
- Brighton
- Cedar Hills
- Cedar Valley
- Centerville
- Copperton
- Cottonwood Heights
- Draper
- Eagle Mountain
- Emigration Canyon
- Farmington
- Fruit Heights
- Granite
- Herriman
- Highland
- Holladay
- Kaysville
- Kearns
- Layton
- Lehi
- Lindon
- Magna
- Midvale
- Millcreek
- Murray
- North Salt Lake
- Park City
- Pleasant Grove
- Riverton
- Salt Lake City
- Sandy
- Saratoga Springs
- Silver Summit
- Snyderville
- South Jordan
- South Salt Lake
- Summit Park
- Taylorsville
- West Bountiful
- West Jordan
- West Valley City
- White City
- Woods Cross
Neighborhoods in Holladay, UT
No neighborhoods foundPopular Zip Codes in Holladay, UT
84117 rent to own homesBuying a Home in Holladay, UT
Holladay, UT is seeing rapid growth and Holladay, UT's' housing market remains not optimal with an average home price that is 121% above the 2024 national average. Holladay, UT is part of Salt Lake 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 Salt Lake is 0.67% which is below the national average, which is 0.99%.
Median Home Price in Holladay, UT
Median Rent in Holladay, UT
Top 5 Reasons to Visit Holladay, Utah
Rebuilding the Cottonwood Mall! When the Cottonwood Mall was originally constructed in the 1960s, it was the first indoor shopping mall in the state of Utah. In 2007, the mall was shut down when city officials announced a plan to convert it into an outdoor shopping mall. A variety of improvements are planned for the area, including more town homes and a diverse selection of shopping opportunities, especially in the Mount Olympus neighborhood.
Offers a great real estate selection! Though Holladay may not be the best place to find rent to own homes, it does offer a diverse selection of homes for sale to appeal to a variety of buyers. The style and price of homes can vary greatly, providing options for families or for single homeowners. Town homes are the most common housing options and the City Center neighborhood offers some of the lowest prices. The E3900 S neighborhood also has some affordable options.
Renting is a strong choice as well! With plans to build an abundance of new town homes, Holladay offers prospective residents plenty of homes for rent. These rental rates are competitive with the national average and less expensive than some of the more populated areas of Utah, making a strong choice for those who want a more affordable living situation. Linden Colonial offers some of the best prices, as does Hidden Meadows.
Become part of a tight knit community! The city of Holladay may have experienced tremendous growth after its initial incorporation, but it still maintains an attractive small town atmosphere. The annual Blue Moon Festival is a local favorite. The annual Salt Lake City Marathon is also held out of Holladay.
Get involved with Parks and Recreation department! Though Holladay is serviced by the larger Salt Lake County Parks and Recreation department, it still enjoys an active presence in the community. The Holladay Lions Fitness and Recreation Center offers all variety of workout and fitness opportunities. Additionally, it hosts the Jr. Jazz basketball team to help get youth involved in team sports.