Rent to own Homes in Mountain Home, ID
Located in the southern part of Idaho on a plateau between Treasure Valley and Magic Valley, Mountain Home has a population of just over 14,000 and is a vibrant small city with a lot to offer. In classic Old West style, the town grew up near what once was a stagecoach stop by the name of Rattlesnake Station. The railroad came through later, and in 1943 the Air Force Base opened.
Mountain Home, ID is a great place for affordable rent-to-own homes! With a median household income of over $44,039 and a median rent of $835, the Mountain Home, 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 Mountain Home, 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.
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Mountain Home, ID is seeing rapid growth and Mountain Home, ID's' housing market remains optimal with an average home price that is -29% below the 2024 national average. Mountain Home, ID is part of Elmore 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 Elmore is 0.73% which is below the national average, which is 0.99%.
Median Home Price in Mountain Home, ID
Median Rent in Mountain Home, ID
Top 4 Reasons to Live in Mountain Home, Idaho
Lots of home for your dollar! The median sale price for a house in Mountain Home was $165,938 in 2014, representing value in the investment. It's a market with opportunities for rent to own homes as well as those on traditional mortgages. Mountain Home Golf Course on the east side of town is close to an established neighborhood that's a good place to start. There are some newer homes near Legacy Park on the north side of town too.
Unique recreation opportunities! Just a few minutes outside of town is the Morley Nelson Snake River Birds of Prey National Conservation Area, a region of cliffs above the river that is home to one of the world's heaviest concentrations of nesting birds of prey. To the north, the myriad recreational diversions of the Sawtooth Mountains await. To the south, you can explore the open Owyhee Country at places like Bruneau State Park and the huge C.J. Strike Reservoir.
Homes on open land or in town! The area has some agricultural land to the south, but for the most part it's surrounded by dry sagebrush land. There are homes on farm acreage and on big lots of semi-arid land. Mountain Home Air Force Base lies to the southwest of the city, and there is a good deal of on-base housing there. Along Highway 51is the Eastside neighborhood.
In-town fun! While it's really not a long drive to Boise, which lies just 44 miles to the east on I-84, it's nice to have local things to do to. Shiok is an Asian restaurant featuring a Singaporean menu. Check out Frankie's Burgers for a tasty take on the all-American dish. Take One Cinema brings movie entertainment to town, and Freedom Lanes is the place to go to knock over some bowling pins.