Rent to own Homes in Cañon City, CO
Canon City sits adjacent to the Arkansas River, which begins in the central Rocky Mountains of Colorado and continues east through the Royal Gorge. This dramatic gorge formed by water erosion drops over 1000 feet and is home to the Royal Gorge Bridge, the world's highest suspension bridge. The area offers a vast array of outdoor activities and excitement in an area rich with Colorado history and American heritage.
Cañon City, CO is a great place for affordable rent-to-own homes! With a median household income of over $49,963 and a median rent of $790, the Cañon City, CO 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 Cañon City, CO. 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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Cañon City, CO is seeing rapid growth and Cañon City, CO's' housing market remains optimal with an average home price that is -15% below the 2024 national average. Cañon City, CO is part of Fremont 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 Fremont is 0.48% which is below the national average, which is 0.99%.
Median Home Price in Cañon City, CO
Median Rent in Cañon City, CO
Top 4 Reasons to live in Canon City
Plenty of places for history and science buffs! Railroad usage conflicts, land disputes and the discovery of dinosaur bones in the 1870s sparked a tradition of historical preservation that continues today. The Royal Gorge Regional Museum and History Center is an excellent resource, while the Dinosaur Depot offers a vast array of fossils including the most complete Stegosaurus skeleton in the world. Learn about Colorado law enforcement at the Museum of Colorado Prisons or get involved with the community by joining the Friends of the Museum and History Center or the Canon City Geology Club.
Outdoor adventure is just a few steps away! The Orchard Park and Buckskin Joe neighborhoods are just north and east of the Arkansas River, respectively. There are rent to own homes available in each and both place residents just a few minutes from the many wonders of the Royal Gorge Bridge and Park. The average rental price in Canon City is $661, 87.9 percent lower than the rest of Colorado. With a 15.8 percent vacancy rate, well above average, now is the time to look for a property in Canon City.
Downtown living at the foot of the Rockies! Historical downtown Canon City offers the charm of 19th century Colorado with benefits of modern amenities. The City Center and Prospect Heights neighborhoods surround the nucleus of the city and feature numerous rent to own houses. The median real estate price in Canon City is $110,981, 92.6 percent less expensive than the rest of Colorado and 71.9 percent less expensive than the U.S. on a whole. Live in proximity to Historic Main Street, the region's social and cultural center. You can walk to the Post Office at 15th and Main or visit the many shops and galleries in the area.
A vast array of dining options! Before heading out for a day of hiking and rafting, fuel up at the Waffle Wagon or the Canon Coffee Cafe. Take a break from strolling around downtown and have lunch at Pizza Madness or El Caporal. After a long day of excitement, unwind with drinks and a meal at Le Petit Chablis or the Royal Gorge Brewery. All are located near the downtown district.