Rent to own Homes in Adrian, MI
Adrian, founded in 1826, was named after the Roman Emperor Hadrian. The city was once known as the Fence Capital of the World because it was the home of one of the first manufacturers of wire fencing. Today, with a population just over 20,000, Adrian is sometimes referred to by a less industrial nickname, The Maple City, because of the sugar maple and other maple trees that line the town's streets and dot its parks.
Adrian, MI is a great place for affordable rent-to-own homes! With a median household income of over $35,320 and a median rent of $769, the Adrian, MI 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 Adrian, MI. 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 Adrian, MI Property Resources
Rent to own Homes in Cities Near Adrian, MI
- Ai
- Berkey
- Blissfield
- Bowling Green
- Britton
- Clay Center
- Curtice
- Deerfield
- Delta
- Dundee
- Erie
- Genoa
- Grand Rapids
- Harbor View
- Haskins
- Holland
- Ida
- Lambertville
- La Salle
- Luckey
- Luna Pier
- Martin
- Maumee
- Maybee
- Metamora
- Millbury
- Monroe
- Neapolis
- Northwood
- Oregon
- Ottawa Hills
- Ottawa Lake
- Palmyra
- Pemberville
- Perrysburg
- Petersburg
- Riga
- Rossford
- South Monroe
- Stony Ridge
- Swanton
- Sylvania
- Temperance
- Toledo
- Tontogany
- Walbridge
- Waterville
- West Monroe
- Whitehouse
- Williston
Popular Zip Codes in Adrian, MI
49221 rent to own homesBuying a Home in Adrian, MI
Adrian, MI is seeing rapid growth and Adrian, MI's' housing market remains optimal with an average home price that is -63% below the 2024 national average. Adrian, MI is part of Lenawee 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 Lenawee is 1.39% which is above the national average, which is 0.99%.
Median Home Price in Adrian, MI
Median Rent in Adrian, MI
Top 6 Reasons to Live in Adrian, Michigan
Immerse yourself in culture! For a relatively small city, Adrian has a wealth of culture. The Adrian City band is the oldest continually active community band in the United States, and the city also boasts the Adrian Symphony Orchestra and the locally famous Croswell Opera House.
Enjoy a thriving downtown! Adrian's downtown area is the heart of the community, with restaurants, shops and attractions. On the first Friday of every month, residents flock downtown to enjoy after-hours shopping and activities that sometimes include live music. For an upscale treat, try the Governor Croswell Tea Room and Restaurant, recognized as one of the top tea houses in the country.
A plethora of parks and green spaces! Adrian has 14 designated city parks and a number of additional green spaces and gardens. Find tranquility at Comstock Park right on the scenic River Raisin. It has sculptures, fountains and romantic benches. Island Park offers playgrounds and ball fields.
A golfer's paradise! Four superb golf courses are located in Adrian and surrounding areas. Play a round at Wolf Creek Golf Club, Woodlawn Golf Club, the picturesque Legacy Golf Course or the private Lenawee Country Club, which dates back to 1921.
Affordable homes! The average list price for homes in Adrian is currently $130,539, which is thousands of dollars lower than the average home price for homes in Michigan as a whole. This is a great value for commuters or for those who work at one of Adrian's many employers like the Bixby Medical Center, the town's largest employer. Once relocated, check out The Grasshopper, a family-owned Mexican restaurant that's been an area staple since the 1970s.
Low rent! The median rent price in Adrian is $550, much lower than the $895 median statewide price. Lower prices make Adrian tremendously attractive for renters and even better for those securing rent to own deals. Rental apartments can be found in neighborhoods throughout the city, but many of the most popular options are along Main Street near the Beecher Street intersection.