Rent to own Homes in Midland, MI
Truly Affordable Housing! Housing is more affordable here, with a median home price of just $104,200, compared to the national median price of $153,800. Midland has a lot of very inexpensive homes, as well as luxury homes to appeal to the executives who work at Dow Chemical and Dow Corning. There are some great rent to own homes located nearest to the Dow plant, in the Grove Park area, as well as some fantastic rent to own houses near Larkin Township.
Midland, MI is a great place for affordable rent-to-own homes! With a median household income of over $63,867 and a median rent of $818, the Midland, 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 Midland, 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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Rent to own Homes in Cities Near Midland, MI
Popular Zip Codes in Midland, MI
48641 rent to own homes 48670 rent to own homes 48667 rent to own homes 48674 rent to own homesBuying a Home in Midland, MI
Midland, MI is seeing rapid growth and Midland, MI's' housing market remains optimal with an average home price that is -29% below the 2024 national average. Midland, MI is part of Midland 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 Midland is 1.47% which is above the national average, which is 0.99%.
Median Home Price in Midland, MI
Median Rent in Midland, MI
Top 8 Reasons to Live in Midland
Great Rent to Own Units! Whether you want to rent a one bedroom apartment or three bedroom townhome, you should be able to find it in Midland. Several affordable apartment complexes are located on Bay City Road and newer apartment complexes are located on Saginaw Road by the Mid-Michigan Medical Center.
The Helping Hand of Others! Midland is the world headquarters for The Dow Chemical Company, which may not sound terribly exciting at first look, but the company has poured its resources into making this a great little city. You'll find the Dow name on better cultural amenities than you would expect for such a small town, like the Dow Gardens botanical park and the very large and well stocked Grace A Dow Memorial Library.
A Beautiful Downtown! Midland has a charming downtown area with a variety of independent shops and classy restaurants. Popular downtown restaurants include Table and Cafe Zinc. Outside of downtown, you might love other local favorite restaurants like Genji's Japanese Steakhouse and Whine.
A Healthy Community! Midland has plenty of community resources for getting active, like the 30 miles of paved paths on the Pere Marquette Rail Trail and the many fitness classes at the Midland Community Center.
Great Property Values! Property values are increasing at an average pace, which is remarkable because the surrounding cities like Saginaw and Bay City are in decline. Midland is where people in the so called "Tri Cities" area go when they want to live in a safe community with stable housing values. Neighborhoods like Bullock Creek and Walden Woods.
Night Life Like No Other! Midland has a surprisingly large number of cultural and entertainment amenities for such a small town. National performers come to the Midland Center for the Arts, and art galleries abound like the Northwood Gallery and the Alden B. Dow Home and Studio.
Go Team! You can also enjoy local sporting events. The Great Lakes Loons play ball at the Dow Diamond, and this little town even has its own roller derby team, the Chemical City Derby Girls.