Rent to own Homes in Emporia, KS
Emporia is certainly not a sleepy Midwest town. With a population of about 25,000, this Kansas town is equidistant to both Topeka and Wichita. Home to a zoo, major university, and plenty of restaurants, Emporia offers residents quite a bit to be proud of. People here maintain a level of small town charm, and hold events each year to celebrate their city and get to know each other.
Emporia, KS is a great place for affordable rent-to-own homes! With a median household income of over $43,481 and a median rent of $650, the Emporia, KS 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 Emporia, KS. 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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Rent to own Homes in Cities Near Emporia, KS
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Emporia, KS is seeing rapid growth and Emporia, KS's' housing market remains optimal with an average home price that is -55% below the 2024 national average. Emporia, KS is part of Lyon 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 Lyon is 1.53% which is above the national average, which is 0.99%.
Median Home Price in Emporia, KS
Median Rent in Emporia, KS
Top 7 Reasons to Live in Emporia, KS
A thriving downtown area! Emporia prides itself on its historic downtown district, and it encourages local businesses to set up shop here. From Bobby D's BBQ to the Commercial Street Diner, many small businesses call the area home.
Home values are trending up! The values of homes for sale in Emporia are on an upswing, as the median sale price of properties here steadily inch up week over week. This signals an opportunity for new homeowners to purchase a home that is likely to increase in value, resulting in healthy equity. Homes between the Kansas Turnpike and Road North are especially growing in value.
Community events! Emporia residents are never short on reasons to get out and socialize with their neighbors. The city throws a range of community events throughout the year, from the Christmas Parade along Commercial Street to The Taste of Emporia food event held at the Civic Auditorium.
Take a walk in the park! Outdoor enthusiasts will feel right at home in this Kansas city, thanks to its nearly 20 parks. In total, 250 acres of parkland exist in Emporia, including Peter Pan Park, Jones Youth Recreation Park, and Hammond Park.
Plenty of floor plans to choose from! Whether you're looking for a moderately sized rent to own home or a large property to buy outright, Emporia has something to meet your criteria. Between homes on S. East Street in central Emporia with more than 2,000 square feet to condos along Hammond Drive, home buyers can tour a wide range of properties.
Become an avid reader! Reading is still alive and well in Emporia, thanks in part to the Emporia Public Library. The library sits on E. 6th Avenue, and hosts a number of events for people of all ages. From social media classes to book discussions, lovers of literature will feel right at home.
Book a tee time! The Emporia Golf Course is a par-71, and spans across more than 6,500 yards. Open from 7am to sunset when weather permits, this course is open to the public and conveniently located near the K-99 Highway.