Rent to own Homes in Tooele, UT
Set in the foothills of the Oquirrh Mountains, Tooele, Utah, is the seat of Tooele county. As of the 2010 U.S. census, there were 32,115 residents in the city. HOver half of the 60,762 people living in Tooele county live in Tooele city according to the U.S. census estimate for 2013. The Ninigret Depot, a premier business park, attracts new business to Tooele today and is a centerpiece of the city's plan to become a regional trade center over the next several years. Tooele city and county are located approximately 32 miles southwest from Salt Lake City. Set in Northwestern Utah, Tooele county borders desert land and the state of Nevada, making a day trip to Las Vegas an easy possibility.
Tooele, UT is a great place for affordable rent-to-own homes! With a median household income of over $65,740 and a median rent of $1,042, the Tooele, 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 Tooele, 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.
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Tooele, UT is seeing rapid growth and Tooele, UT's' housing market remains optimal with an average home price that is -2% below the 2024 national average. Tooele, UT is part of Tooele 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 Tooele is 0.57% which is below the national average, which is 0.99%.
Median Home Price in Tooele, UT
Median Rent in Tooele, UT
Top Four Reasons to Live in Tooele, UT
Discover delicious dining venues! Satisfy your palate with local favorites, such as Osaka Sushi Japanese Restaurant, Thai House, Cafe Rio Mexican Grill, American Burgers and Tracks Brewing Company - all conveniently located on Main Street.
There's an abundant supply of major employers! From federal, state and county agencies to Kennecott Utah Copper, Bingham Copper Mine, Tooele Industrial Depot, Ninigret Depot and Energy Solutions, there are jobs of all types and for all skill levels right in the immediate area. You can live, work and play in this city without ever having to leave. Just outside of the city, Miller Motorsports Park is a major employer as well as a major tourist attraction for the county.
Low residential property prices! City-Data estimated the median residential dwelling value in Tooele at $154,039 in 2012. The US Census determined there were 10,646 housing units in 2010, with a 72 percent home ownership rate. Tooele has a decided rural ambiance, but with all the modern amenities you'd expect today. It offers citizens a range of housing types, from affordable cottages and rent to own houses to large country estates. Take a look at the Lake Point or Stansbury Park areas for high appreciation rates. Most everywhere you look, scenic views of mountains, desert and valley are bonuses that come with the territory.
Low real estate property taxes! According to experts, the median real estate property taxes in Tooele were $1,103 (or 0.6 percent) for housing units with mortgages in 2012, which is comparatively lower than other cities of the same size and population. You'll find deals in the City Center or near Sunrise Lane. Lower cost of living, taxes and real property prices combine with the small town atmosphere and good job supply to create a nice haven for local residents.