Rent to own Homes in Coeur d'Alene, ID
The lovely Lake City! Square up against Lake Coeur d'Alene, the city and residents benefit greatly from the location. Residents love going out to the lake to see the bald eagles that nest there, or fishing, boating and kayaking in the lake. If you're a landlubber, the Lake is the centerpiece for the North Idaho Centennial Trail, providing bicycling and hiking with an incredible backdrop.
Coeur d'Alene, ID is a great place for affordable rent-to-own homes! With a median household income of over $54,763 and a median rent of $1,037, the Coeur d'Alene, ID 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 Coeur d'Alene, ID. 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 Coeur d'Alene, ID Property Resources
Rent to own Homes in Cities Near Coeur d'Alene, ID
- Athol
- Bayview
- Cataldo
- Coeur d'Alene
- Coeur D Alene
- Conkling Park
- Dalton Gardens
- Fernan Lake Village
- Greenacres
- Harrison
- Hauser
- Hayden
- Hayden Lake
- Huetter
- Liberty Lake
- Medimont
- Mica
- Newman Lake
- Otis Orchards
- Otis Orchards-East Farms
- Parkline
- Plummer
- Post Falls
- Rathdrum
- Rockford Bay
- Spirit Lake
- State Line
- Worley
Neighborhoods in Coeur d'Alene, ID
Riverstone rent to own homes Northshire rent to own homes North Idaho College rent to own homes Garden Park rent to own homes Hawks Nest rent to own homes Fairway Hills rent to own homes Mill River rent to own homes Coeur D Alene Place rent to own homes Fruitland rent to own homes Downtown rent to own homesPopular Zip Codes in Coeur d'Alene, ID
83816 rent to own homesBuying a Home in Coeur d'Alene, ID
Coeur d'Alene, ID is seeing rapid growth and Coeur d'Alene, ID's' housing market remains not optimal with an average home price that is 27% above the 2024 national average. Coeur d'Alene, ID is part of Kootenai 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 Kootenai is 0.6% which is below the national average, which is 0.99%.
Median Home Price in Coeur d'Alene, ID
Median Rent in Coeur d'Alene, ID
Top 9 Reasons to Live in Coeur d'Alene
Dive in while the market is still low! Coeur d'Alene has seen a significant rise in property value, even as the national market saw decreases. Since the national market has rebounded, raising 6% nationally over the last year, Coeur d'Alene's market has risen over 10% in that time. Snag one of the rent to own homes in Blackwell or City Center to hop on the trend.
Look for the moose! Moose on the Loose is a project that has a herd of decorated moose can be found throughout the city, as part of Coeur d'Alene's push for the arts. For easier to find, stable displays, the art galleries along Sherman Avenue always have local and national artists on display.
That new house smell! The majority of housing has sprung up in the last four decades, and 75% of the homes in Coeur d'Alene have been built since 1971. These means that many rent to home houses in neighborhoods like Fernan Lake Village and Hayden Lake will have modern appliances and layouts.
Downtown activities! It seems that there is always something going on downtown, with festivals like the Dog d'Alene and Car d'Alene, as well as a St. Patrick's Day parade and Oktoberfest. The annual Street Fair is the big highlight, with hundreds of vendors over the course of three days.
Welcoming to renters! Even though the property values have risen, the average rent has been steady, so going the rent or rent to own route is definitely worth looking into. Look for a unit around the city average of $700 in the Blackwell and Honeysuckle Avenue neighborhoods.
Plenty of international flavors! The growth of Coeur d'Alene has led to a growth in its food scene, with new flavors such as Fleur de Sel's French cuisine and Pho Thanh's Vietnamese fare coming in alongside long time favorites such as Roger's Ice Cream and Burgers, who have been serving the area for over 70 years.
Fit in by getting fit! Coeur d'Alene loves sports and fitness, and is the home to events like Ironman Coeur d'Alene for the endurance athlete, as well as top notch golf course such as the Coeur d'Alene Resort Golf Course, for those who want to be able to drink a beer or two while getting in a good walk.
Plenty of value housing available! An average home value of $176,000 puts Coeur d'Alene at the high end of Idaho's real estate market, but still well within reach of those looking for rent to own homes. Start your search in the Huetter and Haycrop neighborhoods more mid-range housing.