Rent to own Homes in Fraser, MI
Located 20 miles north of Detroit City, Fraser is a city with a population of 14,480 according to the 2010 census. This city was incorporated in 1894. Though Fraser doesn't have the bustling excitement of Detroit and the colorful history of Bay City, what it does offer is a tangible sense of community to its residents. Community-organized events abound in this place, making everyone feel they really belong in this small, yet flourishing city.
Fraser, MI is a great place for affordable rent-to-own homes! With a median household income of over $57,345 and a median rent of $736, the Fraser, 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 Fraser, 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 Fraser, MI Property Resources
Rent to own Homes in Cities Near Fraser, MI
- Algonac
- Allenton
- Armada
- Auburn Hills
- Berkley
- Beverly Hills
- Birmingham
- Bloomfield Hills
- Center Line
- Clawson
- Clinton Township
- Columbus
- Detroit
- East China
- Eastpointe
- Fair Haven
- Ferndale
- Fraser
- Goodells
- Grosse Pointe
- Grosse Pointe Farms
- Grosse Pointe Park
- Grosse Pointe Woods
- Hamtramck
- Harper Woods
- Harsens Island
- Hazel Park
- Highland Park
- Huntington Woods
- Lathrup Village
- Macomb
- Memphis
- New Baltimore
- New Haven
- Oakland
- Pearl Beach
- Pleasant Ridge
- Richmond
- Rochester
- Rochester Hills
- Romeo
- Roseville
- Royal Oak
- Southfield
- St. Clair Shores
- Sterling Heights
- Troy
- Utica
- Village of Grosse Pointe Shores
- Warren
Neighborhoods in Fraser, MI
No neighborhoods foundPopular Zip Codes in Fraser, MI
48026 rent to own homesBuying a Home in Fraser, MI
Fraser, MI is seeing rapid growth and Fraser, MI's' housing market remains optimal with an average home price that is -30% below the 2024 national average. Fraser, 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 Fraser, MI
Median Rent in Fraser, MI
Top 6 Reasons to Live in Fraser, MI
Affordable rent! Cost of rent in Fraser is lower than the national average, making its overall cost of living very budget-friendly. Areas like Utica Road and Masonic Boulevard are two of the top hunting grounds for affordable rental homes.
Sports programs! Engaging in sports activities is one of the all-time favorites of most residents here. If you're the type who'd rather sit on the bleachers and root for your team, the Fraser Hockeyland Monster Arena and Steffens Park would make a great hang-out. If you're the type who'd like to get into the action, Michigan Athletic Training offers athletic programs to suit your needs.
Lots of restaurants! For a small city, Fraser offers a wide-range to restaurants ready to satisfy your hunger for different cuisines from all over the world. Some of the popular dining joints in this part of Michigan include El Charro Restaurante Mexicano, Abby Lane Gourmet Burger, China 1, and Karas Restaurants.
Soaring home prices! Home appreciation rates in Fraser tracked higher than state and national average in the last 5 years. Rent to own houses in neighborhoods within Garfield Rd, 15 Mile Rd, and Groesbeck Hwy, in particular, reports soaring property prices compared to other areas in Fraser.
Community activities for everyone! The Parks and Recreation Department of the city organizes community activities for all its residents. Youth programs include a basketball clinic and Let's Get Crafty arts program at the Fraser Activity Center. Adults can also take part in work-out programs like Rockstar Bootcamp and Operation M.O.M Bootcamp.
Skate all you want! Residents have their choice of the number of skating rinks and clubs that abound in this city. For those who like to get into figure skating, the Fraser Figure Skating Club offers programs to amateurs and advanced figure skaters. Michigan Sports Enterprises also offer lessons in hockey. Most skating clubs hold their programs at the Fraser Hockeyland, a five arena skating facility.