Rent to own Homes in Mishawaka, IN
Small, cozy area: The population of Mishawaka is only 48,000. This means that things to do inside the community, like the Shiojiri Garden or the Putt-Putt Fun Center, are never overly crowded.
Mishawaka, IN is a great place for affordable rent-to-own homes! With a median household income of over $44,792 and a median rent of $823, the Mishawaka, IN 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 Mishawaka, IN. 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 Mishawaka, IN Property Resources
Rent to own Homes in Cities Near Mishawaka, IN
- Baroda
- Benton Harbor
- Benton Heights
- Berrien Center
- Berrien Springs
- Bridgman
- Buchanan
- Coloma
- Covert
- Dowagiac
- Eau Claire
- Fair Plain
- Galien
- Granger
- Hartford
- Hudson Lake
- Indian Village
- Lake Michigan Beach
- Lakeside
- Millburg
- Mill Creek
- Mishawaka
- New Buffalo
- New Carlisle
- New Troy
- Niles
- Notre Dame
- Paw Paw Lake
- Rolling Prairie
- Roseland
- Sawyer
- Shoreham
- Shorewood-Tower Hills-Harbert
- Sodus
- South Bend
- Stevensville
- St. Joseph
- Three Oaks
- Union Pier
- Watervliet
Neighborhoods in Mishawaka, IN
Lawrence Battells rent to own homes Blair Hills rent to own homes The Forest rent to own homesBuying a Home in Mishawaka, IN
Mishawaka, IN is seeing rapid growth and Mishawaka, IN's' housing market remains optimal with an average home price that is -51% below the 2024 national average. Mishawaka, IN is part of St. Joseph 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 St. Joseph is 1.13% which is above the national average, which is 0.99%.
Median Home Price in Mishawaka, IN
Median Rent in Mishawaka, IN
10 Reasons to Live in Mishawaka, Indiana
Affordable homes: The average cost of a home in Mishawaka is 60% lower than the average cost of homes in the state of Indiana, with a majority of the homes located in neighborhoods like the City Center and around Jefferson Boulevard. Rent to own is a popular option for many neighborhoods.
High vacancy rates: Because of the vacancy rate in the area, a whopping 11.4%, a large number of property owners are looking to sell at reduced prices to take the properties off the market. This means there are numerous opportunities for people looking to relocate to find a home for a great price through either purchasing or rent to own home options. The highest vacancy rates are found around Lincoln Way and North Cedar Street.
Fantastic cuisine: For the foodies out there, Mishawaka has an understated cuisine that acts as a hidden gem in the area. Stop by Sunny's Korean Restaurant for affordable, phenomenal tastes, or swing by Granite City for the best sweet stuff this side of the Mississippi.
Short commutes: The standard time to and from work in Mishawaka is only 19 minutes, with most people commuting from the Fir Road or Douglas Road neighborhoods.
Vibrant nightlife: After a long day of work, all anyone wants to do is kick back and relax, maybe watch a game or two. Mishawaka offers this in droves. Kick back at the Corndance Tavern for some of the best beer food in Indiana, or take a seat at Bleachers Sports Bar to watch your favorite teams play.
Lots of long-term residents: Mishawaka is the place for people who like to get to know their neighbors. With 94% of people living in one location for a year or more, the area is home to people who know all the hidden places to go -- like Cathy's Corral Horseback Riding or Wilson Park.
Rising property values: Property values have risen 2.7% in the past year, and estimates project they will increase around 2.5% in the coming years. Because of this, purchasing or using rent to own houses options can be a great investment. The increase is due to the influx of population in the southern areas of the city, although the gentrification of the Merrifield Avenue and Bethel-College neighborhoods has helped.
Numerous recreational opportunities: Whether it is playing a round of golf at Blackthorn Golf Club or exploring the Chamberlain Lake Nature Preserve, there is no lack of chances to get outside in the sunlight and enjoy the Indiana air.
Low rental rates: The average rent in Mishawaka is just $683, compared to a state average of $783. Even larger homes, like those found on Elder Road or Capital Avenue, have decent rates of around $1,275 for three-bedroom, two-bath homes.