Rent to own Homes in Allendale, MI
Allendale is a small town in western Michigan best known for being the home of Grand Valley State University. Long before hosting the university's Lakers, however, Allendale was a farming community near Lake Michigan. Today, many people who want to take advantage of the small town lifestyle and low crime rate choose to live here. Locals also enjoy the proximity to Grand Rapids, which is about 20 minutes away.
Allendale, MI is a great place for affordable rent-to-own homes! With a median household income of over $57,706 and a median rent of $992, the Allendale, 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 Allendale, 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.
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Allendale, MI is seeing rapid growth and Allendale, MI's' housing market remains optimal with an average home price that is -0% below the 2024 national average. Allendale, MI is part of Ottawa 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 Ottawa is 1.4% which is above the national average, which is 0.99%.
Median Home Price in Allendale, MI
Median Rent in Allendale, MI
Top 4 Reasons to Live in Allendale, MI
Affordable housing! Allendale has a fair amount of rental housing, making it easy to find rent to own homes for sale. Duplexes are located on streets like Rich Street, while newer apartment complexes on 48th Avenue offer more rental options. Plus, Allendale is surprisingly affordable, with rental prices slightly below the national average.
Enjoy the great outdoors! Western Michigan is sometimes called a sportsman's paradise, and for good reason. No matter what type of outdoor activity you enjoy, you'll find Allendale and surrounding communities a welcoming place. You can enjoy a hike and a picnic at Placid Wake Park or spend a day swimming and boating on beautiful Lake Michigan. Longer hikes and cross-country skiing can be enjoyed nearby at Pigeon Creek Park. If getting healthy indoors is more your style, weekly yoga classes are offered at the Heart's Journey Wellness Center on Lake Michigan Drive.
New housing stock! Even though Allendale was settled in 1842, the population growth in the town didn't really begin until 1960. Today, Grand Valley State is one of the fastest growing universities in the United States and the town seems to be growing along with it. New housing is regularly being built to meet the need. More than 60 percent of the housing stock was built since 1990, in areas along Boyne Boulevard and Knollwood Drive.
Enjoy small town culture! Allendale has plenty of culture and small town charm even in addition to the presence of the college. Check out live theater performances by the Allendale Civic Theatre Group, which performs at the Ceglarek Fine Arts Center. Appreciate the history of the Engine House No. 5 Fire Museum, originally founded in 1880 in Grand Rapids but reassembled brick by brick in its current Allendale location in 1984. Pay tribute to those who gave their lives at the Veteran's Garden of Honor memorial.