Rent to own Homes in West Lafayette, IN
West Lafayette is located just across the river from its "sister city" of Lafayette, and is also recently the home of Purdue University. In late 2013, the city annexed land to place the campus and dorms under city control for the first time. The city's 2010 population of 29,596 gives West Lafayette the distinction, though, of being the most densely populated city in Indiana.
West Lafayette, IN is a great place for affordable rent-to-own homes! With a median household income of over $31,460 and a median rent of $915, the West Lafayette, 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 West Lafayette, 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 West Lafayette, IN Property Resources
Rent to own Homes in Cities Near West Lafayette, IN
- Americus
- Battle Ground
- Bringhurst
- Brookston
- Buck Creek
- Camden
- Chalmers
- Clarks Hill
- Colburn
- Colfax
- Crawfordsville
- Cutler
- Darlington
- Dayton
- Delphi
- Flora
- Frankfort
- Green Hill
- Idaville
- Independence
- Lafayette
- Linden
- Monticello
- Montmorenci
- Mulberry
- New Richmond
- Norway
- Otterbein
- Purdue University
- Reynolds
- Rockfield
- Romney
- Rossville
- Shadeland
- Stockwell
- Thorntown
- West Lafayette
- Westpoint
- West Point
- Wingate
- Yeoman
Neighborhoods in West Lafayette, IN
Blackbird Farms rent to own homes Wabash Shores rent to own homes New Chauncey rent to own homes Amberleigh Village rent to own homes Plaza Park rent to own homes Avondale rent to own homes Hills and Dales rent to own homes Happy Hollow rent to own homes Barbarry Heights rent to own homes Glenwood Heights rent to own homesPopular Zip Codes in West Lafayette, IN
47996 rent to own homesBuying a Home in West Lafayette, IN
West Lafayette, IN is seeing rapid growth and West Lafayette, IN's' housing market remains not optimal with an average home price that is 8% above the 2024 national average. West Lafayette, IN is part of Tippecanoe 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 Tippecanoe is 0.93% which is below the national average, which is 0.99%.
Median Home Price in West Lafayette, IN
Median Rent in West Lafayette, IN
Top 4 Reasons to Move to West Lafayette, IN
Diversity of housing! West Lafayette has a variety of rental homes and rent to own houses in new neighborhoods and established areas. Chances are good that you can find an ideal property in a neighborhood of your choice. Look for homes along the Wabash River, which separates the community from its sister city of Lafayette. Or find one nearer to the Celery Bog Nature Center, a 195-acre area of wetlands, woods and fields.
Parks, playgrounds, sports, and culture! As might be expected, many of the concerts and performances at Purdue are well-attended and much appreciated by residents of the town. But the city is also proud of its parks, playgrounds, recreation centers, and sports facilities, and has ample facilities and programs for those who want to get and stay fit. Riverside Skating Center (outdoor ice skating) is a popular destination in winter, and during warmer weather, there's an active adult softball league that plays at the Blessed Sacrament Field. There are also 27 miles of paved trails that connect to 10 miles of bicycle paths in the city.
Home prices rising! Median home sale prices have been increasing steadily over the past four years, and while prices are higher here than in the rest of the state, there are still many good values to be found. If you're looking for property, you will have your choice of older, traditional homes on tree-lined streets or a variety of newer homes, townhouses, and condos in pleasant neighborhoods. Meet your neighbors at the popular farmers market in season, then treat yourselves to ice cream afterwards at The Silver Dipper or a drink at Scotty's Brewhouse.
Feast of the Hunters' Moon festival! You have to experience it to believe it, the first weekend of October is like no other. Fife and Drum Corps, Native American groups, Voyageurs, British troops, bagpipes, food, crafts, and a living Quiatenon village--it's all there, a re-enactor's delight. During the rest of the year, feast on delicious food from O'Bryan's Nine Irish Brothers or enjoy a special white-tablecloth meal at Sunset Restaurant and Grill.