Rent to own Homes in Owensboro, KY
Cue the Q! Owensboro is one of many cities that considers itself one o the BBQ capitals of the world, and they celebrate it every May with the International BBQ Festival. If you don't want to wait a year between BBQ binges, stop in to Old Hickory BBQ or Dee's BBQ and Diner any time of the year.
Owensboro, KY is a great place for affordable rent-to-own homes! With a median household income of over $46,193 and a median rent of $812, the Owensboro, 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 Owensboro, 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 Owensboro, KY Property Resources
Rent to own Homes in Cities Near Owensboro, KY
- Anthoston
- Boonville
- Buckskin
- Chandler
- Chrisney
- Curdsville
- Darmstadt
- Elberfeld
- Evansville
- Fort Branch
- Francisco
- Gentryville
- Hatfield
- Haubstadt
- Henderson
- Lamar
- Lincoln City
- Lynnville
- Mackey
- Melody Hill
- Newburgh
- Oakland City
- Owensboro
- Parkers Settlement
- Reed
- Richland
- Rockport
- Somerville
- Sorgho
- Spottsville
- Spurgeon
- Stanley
- Stendal
- St Joseph
- Tennyson
- Velpen
- Wadesville
- West Louisville
Neighborhoods in Owensboro, KY
Dogwood Azalea rent to own homes Seven Hills rent to own homes Apollo rent to own homes Wesleyan - Shawnee rent to own homes Northwest Side rent to own homes Dugan Best rent to own homes Old Owensboro rent to own homes Shifley - York rent to own homes Midtown East rent to own homes Southeast Owensboro rent to own homesPopular Zip Codes in Owensboro, KY
No zip codes foundBuying a Home in Owensboro, KY
Owensboro, KY is seeing rapid growth and Owensboro, KY's' housing market remains optimal with an average home price that is -42% below the 2024 national average. Owensboro, KY is part of Daviess 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 Daviess is 0.85% which is below the national average, which is 0.99%.
Median Home Price in Owensboro, KY
Median Rent in Owensboro, KY
Top 14 Reasons to Live in Owensboro
Downtown boutique shopping! The choice of shopping in Downtown Owensboro ranges from the Audubon Attic, featuring antiques and country decor, to Britt's Boutique with custom jewelry, gourmet coffees and teas, and more.
Quick sales! Property doesn't sit on the Owensboro market, so be prepared to act fast when you see a house you like. The median listing time is a mere 16 days, or just over two weeks. When you see the right rent to own property in Panther or Griffith, make an offer right away.
Live and learn! Surrounded by history, Owensboro has plenty of historical and learning experiences to keep everyone entertained year-round. The Owensboro Museum of Science and History and the International Bluegrass Music Museum are great for a rainy day, or do a scavenger hunt of the 36 historic places throughout the town.
Get a steal on a detached house! In Owensboro, most homes are detached, more than 70%, giving you extra property when you purchase. Take a look at rent to own houses in Rome or along Walnut Street.
The sound of music! Music festivals small and large play a huge part in Owensboro's culture throughout the year. Whether its the weekly Friday at 5 concert series by the waterfront or the massive River of Music Party often referred to as ROMP - there are local and national acts playing seemingly all the time.
A sporting life! Whether you're playing sports or just watching, Owensboro has plenty lined up on the schedule. Enjoy the challenges of local golf courses including the Ben Hawes Golf Course and Park, or just sit back and watch other people do the work, or catch a highly entertaining indoor football game with the Owensboro Rage.
Low property prices! The median home value in Owensboro is below $100K at only $97,784. This is a very affordable price point. For some of the lowest prices in Owensboro shop rent to own homes on Carter Road or Breckenridge Street.
Seasonal festival fun! There's a reason that Owensboro calls itself Kentucky's Festival City - with over 40 events including Peach Jam and Pageants in the summer and PumpkinFest in the fall, it seem like there are festivals on every week.
Historic homes! Owensboro has an unusual number of historic properties. These beautifully restored homes offer unique architectural details, and more than 8% of all properties are historic. Take a look at houses in Saint Joseph or Birk City to see some excellent examples.
Incredible outdoor spaces! Spend time along the riverfront taking in the natural beauty of the mighty Ohio, or if solid ground is more your thing, check out the Western Kentucky Botanical Gardens. If you're looking for some serious hiking, Hoosier National Forest is close by, offering 260 miles of trails, along with campsites and cabins for overnight trips.
Plenty of nightlife for everyone! No one likes staying in at night, and Owensboro makes sure there is plenty to do. For the serious drinker, check out the vast beer list and the tasty cocktails at Gambrinus Libation Emporium. If you're more interested in dancing, DJs, and karaoke, start at the Sandbar and see where the night will lead you.
Inexpensive rental properties! Renting is another great option for Owensboro residents. The prices are very reasonable at only $580. To see the available rental options contact apartment complexes like Brushwood Apartments or River Wind Apartments.
Support local farms! Owensboro Regional Farmers Market brings in sellers from all around the region, with meats, produce, and baked goods, and is open Tuesdays, Thursdays, and Saturdays. Other days, venture out an visit the suppliers at their farms - places like Trunnell's Farm Market is open five days a week from spring through fall.