Rent to own Homes in Onalaska, WI
The warm, inviting atmosphere in Onalaska, Wisconsin has made it a popular choice for relocation over the past decade. The population is currently just over 18,000, which represents a 23 percent increase since 2000. Part of the city's popularity has to do with the abundance of job opportunities in the area. Onalaska actually has a higher population during the work day, as folks come from surrounding areas for employment in manufacturing, retail, educational services, and health care.
Onalaska, WI is a great place for affordable rent-to-own homes! With a median household income of over $66,295 and a median rent of $879, the Onalaska, WI 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 Onalaska, WI. 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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Onalaska, WI is seeing rapid growth and Onalaska, WI's' housing market remains optimal with an average home price that is -4% below the 2024 national average. Onalaska, WI is part of La Crosse 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 La Crosse is 1.96% which is above the national average, which is 0.99%.
Median Home Price in Onalaska, WI
Median Rent in Onalaska, WI
Top 5 Reasons to Live in Onalaska, WI
Rising home values! The average value of both houses and condos has risen from about $106,000 in 2000 to approximately $170,000 in 2012. Some of these homes have deep historical roots, while others are products of brand new construction. The northeastern section of the city has experienced the most appreciation in property values, and the vacancy rate is quite low. It's easy to see why the area is popular when experiencing the natural beauty of the nearby Thomas G. Rowe Park.
Affordable rents! The average monthly cost for a rent to own home or apartment is $745. Well-regarded apartment complexes include Redwood Terrace on Redwood Street, Stonefield Manor on County Road, and Eastgate Manor Apartments on 13th Avenue.
Green space! Onalaska visitors and residents enjoy a large network of parks and green spaces throughout the city. One of the largest is Greens Coulee Park, which offers trails for hiking through nature. Nearby Lindy's Subs and Salads has some of the best picnic fixings in the city, and many hikers choose Ciatti's Italian Grill after working up an appetite in the park.
Water sports! Because the western edge of the city is bordered by Lake Onalaska, there is no shortage of water sports and activities. Fishing is available year round, and many first-timers catch trophy catfish, pike, or bass. Those who prefer dry land can enjoy a scenic waterfront ride thanks to Blue Heron Bicycle Works, where bikes are available for rent or purchase.
Easy commuting! Traveling to and from Onalaska is easy with convenient access to Interstate 90 and Route 53. Golf enthusiasts from other parts of the state take advantage of the quick ride to visit Coulee Golf Bowl, and swimmers come from nearby communities to enjoy the new Onalaska Aquatic Center.