Rent to own Homes in Salina, KS
Delectable Delights: Salina offers finger-licking barbeque from Hickory Hut Barbeque. Got a taste for Korean food? Enjoy this cuisine at Seoul USA Korean Restaurant. Or, satisfy your craving for Mexican food with a dish from Cojitas Mexican Restaurant. If you're feeling all American, Bogeys is one of Salina's favorite hamburger joints.
Salina, KS is a great place for affordable rent-to-own homes! With a median household income of over $49,870 and a median rent of $769, the Salina, 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 Salina, 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.
More Salina, KS Property Resources
Rent to own Homes in Cities Near Salina, KS
Buying a Home in Salina, KS
Salina, KS is seeing rapid growth and Salina, KS's' housing market remains optimal with an average home price that is -39% below the 2024 national average. Salina, KS is part of Saline 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 Saline is 1.27% which is above the national average, which is 0.99%.
Median Home Price in Salina, KS
Median Rent in Salina, KS
10 Reasons to Live in Salina, KS
Life in Salina: Home to approximately 47,000 residents, Salina is one of the top wheat-producing cities in the country. The city is a regional trade center for Kansas. Salina has been voted as the "best place to raise kids and retire" by Business Week. Plus with the Salina Municipal Airport and the CityGo local bus service, there are lots of ways to get in and out of the city!
Economic boom: The poverty rate is lower than the national average at 11%, and the unemployment rate is also lower than the national average at 5%. The median income is $25,000 and the median household income is $44,000 - higher than the national average. Tony's Pizza and Phillips Lighting are two of the area's biggest employers.
Affordable housing: The average cost of homes in Salina is $110,000, which is much less than the national average. The average homeowner pays $1,000 per month in mortgage, and the average renter pays $450 per month in rent. Approximately 59% of Salina residents own their homes. The Rolling Hills Zoo and the Yesteryear Museum provide heaps of entertainment for residents and visitors alike!
Impressive vacancy rate and home values: The vacancy rate is 8.8%, which means your chances of finding a home in this area are pretty good. Home values are up in the Salina area. Some neighborhoods are experiencing a 4 to 5% increase in home values. The Central Mall and the shops around Downtown Salina provide great shopping options for area residents as well!
Cultural and educational attractions: The Smoky Hill Museum is a must see for everyone. Learn about the history of Salina and Kansas, have a look into the future and engage in interactive learning and games. The Bicentennial Center also hosts a number of fun games and sporting events if you like that kind of thing.
Fun attractions: The Smoky Hill Museum hosts an annual street fair that includes a parade, live entertainment from a wide range of music, marching bands, food, arts and crafts, and interactive games. Don't forget to visit the Rolling Hills Wildlife Zoo to see some exotic wildlife, including alligators, wolves, and African painted dogs.
Outdoor fun: Visit the famous Thomas Park for outdoor fun. Have a picnic, take a nice scenic walk, go biking, walk your dog, or just enjoy the beautiful scenery at the park. The park even offers overnight camping. Explore urban nature at Lakewood Park by watching deer, raccoons and other wildlife roam through the dense woods.
Cozy homes: Most of the homes were built in the 1950s and 1960s. The average number of rooms is six. Check out the Salina Arts Center or the Stiefel Center for the Performing Arts if that's more up your alley.
Charming neighborhoods: If you want to find a home quick, look in the Brookville/New Cambria neighborhood, which has a vacancy rate of 9%. Other good areas to search include Central Salina and the Hill, which has gorgeous brick streets. The Indian Village, Schilling Manor and Sunset Park are other charming neighborhoods in Salina.