Rent to own Homes in Eastpointe, MI
Eastpointe is part of the Detroit Metropolitan Area, making it an ideal bedroom community for people who work in the city. While Eastpointe only has a population of just over 30,000, it still manages to have a bounty of restaurants, shopping, parks and community events. It's proximity to several local highways provides residents with swift access to downtown Detroit and other neighboring communities.
Eastpointe, MI is a great place for affordable rent-to-own homes! With a median household income of over $49,800 and a median rent of $1,086, the Eastpointe, 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 Eastpointe, 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 Eastpointe, MI Property Resources
Rent to own Homes in Cities Near Eastpointe, MI
- Allen Park
- Auburn Hills
- Beverly Hills
- Birmingham
- Center Line
- Clawson
- Clinton Township
- Dearborn
- Dearborn Heights
- Eastpointe
- Ecorse
- Farmington Hills
- Ferndale
- Grosse Ile
- Grosse Pointe
- Grosse Pointe Farms
- Grosse Pointe Park
- Grosse Pointe Woods
- Harper Woods
- Harsens Island
- Huntington Woods
- Inkster
- Lathrup Village
- Livonia
- Macomb
- Madison Heights
- Melvindale
- Mount Clemens
- New Baltimore
- New Haven
- Oakland
- Oak Park
- Pleasant Ridge
- Pontiac
- Ray
- Redford
- River Rouge
- Riverview
- Rochester
- Rochester Hills
- Romeo
- Roseville
- Royal Oak
- Southfield
- St. Clair Shores
- Taylor
- Troy
- Village of Grosse Pointe Shores
- Warren
- Westland
Neighborhoods in Eastpointe, MI
No neighborhoods foundPopular Zip Codes in Eastpointe, MI
48021 rent to own homesBuying a Home in Eastpointe, MI
Eastpointe, MI is seeing rapid growth and Eastpointe, MI's' housing market remains optimal with an average home price that is -61% below the 2024 national average. Eastpointe, MI is part of Macomb 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 Macomb is 1.74% which is above the national average, which is 0.99%.
Median Home Price in Eastpointe, MI
Median Rent in Eastpointe, MI
Top 7 Reasons to Live in Eastpointe, MI
Eat well! You won't go hungry when you call this East Detroit city home. From Salvatore Scallopini Italian restaurant to Plaza Mexico, there's a range of fare on the menu here.
Theater and music! Eastpointe may not be Broadway, but that doesn't mean you can't take in some locally-mounted productions. Theaters like Broadway Onstage Live Theater and the Murder Mystery Company put on memorable performances.
Access to Motor City! Eastpointe's former name, East Detroit, gives a clue to its proximity to Motown. Just a quick trip southwest via I-94 or I-75 leads to professional sports, loads of shopping and plenty of arts and culture. Eastpointe Auto Sales or J &C Auto Sales will even sell you car to get you around town.
Healthy number of real estate listings! Despite only covering about 5 square miles, Eastpointe has several hundred properties for sale. Rent to own homes, properties for sale outright and bank-owned properties are among the houses and condos on the market. Buyers certainly have a lot of inventory to choose from, including homes near Spindler Park and Macomb Gardens Park!
Lake living! In addition to enjoying a location near a major Midwest city, Eastpointe also sits just a few miles from Lake St. Clair. Visit Lake Front Park or launch a boat into the water. If you get there early enough, you can take in a spectacular sunrise over the lake.
Large lots for sale! Homes for sale in this community have a variety of floor plans, with the average home being comprised of more than 1,200 square feet. On top of generous floor plans on streets like Lambrecht Avenue and Lariat Avenue, houses here often have a considerable yard with greenery.
Enjoy 4 seasons! Eastpointe has distinct seasons, which can be novel for residents who formerly lived in a more temperate climate. In the summer, head east on Stephens Road and have a picnic at Spindler Park. In the winter, enjoy a cup of hot chocolate in a rent to own cabin or use local trails to snowshoe.