Rent to own Homes in Erlanger, KY
Erlanger, Kentucky is nestled within Kenton County on the banks of the Ohio River. Nicknamed the Friendship City, Erlanger offers its residents small-town allure with convenient proximity to urban delights in nearby Cincinnati, Ohio, a short 10 miles away. Home to the United States Playing Card Company and beautiful scenery at Rainbow Park, the city of Erlanger is full of history and charm.
Erlanger, KY is a great place for affordable rent-to-own homes! With a median household income of over $70,589 and a median rent of $874, the Erlanger, KY 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 Erlanger, KY. 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 Erlanger, KY Property Resources
Rent to own Homes in Cities Near Erlanger, KY
- Aurora
- Bellevue
- Bennington
- Burlington
- Camp Dennison
- Cold Spring
- Coldstream
- Covedale
- Covington
- Crescent Springs
- Crestview
- Crestview Hills
- Delhi Hills
- De Mossville
- Edgewood
- Evendale
- Fairfax
- Fairview
- Fort Mitchell
- Fort Thomas
- Francisville
- Fruit Hill
- Hebron
- Highland Heights
- Kenton Vale
- Ludlow
- Madeira
- Madison Place
- Mariemont
- Miami Heights
- Miamitown
- Morning View
- Mount Carmel
- Mount Saint Joseph
- Newtown
- Norwood
- Oakbrook
- Park Hills
- Reading
- Remington
- Ridgewood
- Ryland Heights
- Silver Grove
- Southgate
- Summerside
- Taylor Creek
- Taylor Mill
- Verona
- West Chester
- Withamsville
Popular Zip Codes in Erlanger, KY
41018 rent to own homesBuying a Home in Erlanger, KY
Erlanger, KY is seeing rapid growth and Erlanger, KY's' housing market remains optimal with an average home price that is -35% below the 2024 national average. Erlanger, KY is part of Kenton 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 Kenton is 1.03% which is above the national average, which is 0.99%.
Median Home Price in Erlanger, KY
Median Rent in Erlanger, KY
Top Five Reasons to Live in Erlanger, Kentucky
Heritage Day! Every September, Erlanger takes visitors and locals back to the city's roots through the events at the annual Heritage Day festival. With wagon tours, food vendors, craft booths and music, this tribute to the city's early days and its connection to the Southern Railroad is an educational and enjoyable event.
Historical landmarks and homes! From the Castleman Home on Crescent Avenue to the stucco-covered Land Syndicate Home, Erlanger's buildings are impressive studies in historical architecture and significance. The Southern Railroad Depot, built in 1877, is the current site of the Erlanger Historical Society Depot Museum.
Eclectic neighborhoods! From the downtown area's collection of historical properties to the abundant suburban houses found within the Cherry Hill neighborhood, Erlanger has plenty of rent to own homes. Locals enjoy the outdoor recreational offerings at the city's numerous parks, including Silverlake and Flagship. Hiking, boating and sports are easily accommodated with the assortment of venues within the city.
Affordability! With median home values 30% less than the national average and rental rates roughly 20% less that the nationwide norm, Erlanger provides its residents with a more comfortable way of life. The cost of living here is approximately 14% less than the country's average, affording residents more opportunities to shop at nearby Crestview Hills Town Center and Florence Mall.
Shopping and dining delights! Treat yourself to cute and modern fashions at The Snooty Fox, or enjoy culinary flavors at local restaurants like Colonial Cottage, Guru India Restaurant and Garzelli's Grinder & Pizza Co. Whatever your tastes and interests, the City of Erlanger has you covered! With Cincinnati only a short drive away, the entertainment possibilities are endless. Regular festivals are held in the Queen City, including Riverfest, the PNC Festival of Lights and the Bunbury Music Festival, while venues such as the Cincinnati Zoo and Botanical Garden and the Cincinnati Observatory give visitors lots to explore.