Rent to own Homes in Stevens Point, WI
Stevens Point is a central Wisconsin city located on the Wisconsin River, the largest waterway in the state. The population of approximately 26,700 has increased by 1.8 percent since 2000. The unemployment rate of 5.7 percent is well below the national average of 6.3 percent. Via Interstate 39, residents enjoy easy access to the capital of Madison, less than two hours to the south.
Stevens Point, WI is a great place for affordable rent-to-own homes! With a median household income of over $46,663 and a median rent of $764, the Stevens Point, 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 Stevens Point, 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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Stevens Point, WI is seeing rapid growth and Stevens Point, WI's' housing market remains optimal with an average home price that is -31% below the 2024 national average. Stevens Point, WI is part of Portage 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 Portage is 1.77% which is above the national average, which is 0.99%.
Median Home Price in Stevens Point, WI
Median Rent in Stevens Point, WI
Top 5 Reasons to Live in Stevens Point
Frolic in the snow! Snowmobile trails wind their way through property laced with thick pine forests, and cross country skiers find true tranquility out on the ski trails. Downhill skiers and snowboarders enjoy easy access to Rib Mountain, located just a half-hour north in Wausau. Those that prefer to strap on a pair of skates can enjoy the city's Willett Ice Arena from October through March.
That's not trivial! Every April, the radio station at the University of Wisconsin-Stevens Point welcomes hundreds of teams to compete in what is claimed to be the largest trivia contest in the world. Twelve-thousand contestants swarm into the area to compete in the 54-hour-long marathon. Speaking of trivia, TV twins Liv and Maddie Rooney call Stevens Point home on the Disney Channel series "Liv and Maddie."
More value for the dollar! With a median gross rent of $650, living in Stevens Point is easy on the pocketbook. In fact, the overall cost-of-living is more than 10 percent below the national average. The median home value across Wisconsin in 2012 was $165,200, but in Stevens Point it was just $115,615. This translates into some great deals on rent to own homes and rental homes near McDill Pond on the south side or SentryWorld Golf Course to the north.
An award-winning place to live! Experts named Stevens Point one of the Top Ten Places to Live in both 2007 and 2008, and one of the Top Ten Recreation Cities in America in 2010. The Wisconsin River is the site of the annual Backwaters Paddle Quest, a well-known canoe adventure. Both CNN Money and Forbes have also named Stevens Point to various "best places" lists.
Hit the trails! Cyclists, runners and walkers can take off down the 24-mile Green Circle Trail, and cross-country skiing is an option here in the winter. Also, the Ice Age National Scenic Trail runs right through the city. During a brief hike, it's possible to encounter backpackers traversing hundreds of miles along this 1,197-mile, nationally-recognized trail through Wisconsin.