Rent to own Homes in Muskegon, MI
Muskegon, a name derived from a Native American term that means "marshy river or swamp," was inhabited by Native Americans for many years before fur traders settled the area in the mid 1700s. Now, with a population of 38,401, the city is one of Michigan's most beautiful areas to enjoy the lake shore. Many people value Muskegon for its distinctive natural features: Bear Lake, Muskegon Lake, Mona Lake, Lake Michigan, P.J. Hoffmaster State Park and Pere Marquette Beach.
Muskegon, MI is a great place for affordable rent-to-own homes! With a median household income of over $35,323 and a median rent of $741, the Muskegon, 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 Muskegon, 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 Muskegon, MI Property Resources
Rent to own Homes in Cities Near Muskegon, MI
Neighborhoods in Muskegon, MI
Oakview rent to own homes Angell rent to own homes Beachwood-Bluffton rent to own homes Campbell Field rent to own homes East Muskegon rent to own homes Glenside rent to own homes Jackson Hill rent to own homes Sheldon Park rent to own homes Lakeside rent to own homes Marquette rent to own homesBuying a Home in Muskegon, MI
Muskegon, MI is seeing rapid growth and Muskegon, MI's' housing market remains optimal with an average home price that is -65% below the 2024 national average. Muskegon, MI is part of Muskegon 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 Muskegon is 1.48% which is above the national average, which is 0.99%.
Median Home Price in Muskegon, MI
Median Rent in Muskegon, MI
4 Reasons to Live in Muskegon, MI
Wonderful Community events! Muskegon hosts many community events throughout the year, such as the Northside Holiday Circle Tour, Muskegon Recreational Club Fish Fry, Indoor Ice Skating, Holiday Cheer! Michigan Beer!, Howl N Blues, Feeding the Soul of the City, and many more. You can stop by the Muskegon Civic Theatre for many different performances and check out the latest art and history exhibit in town. It's easy to get involved in the community with this slew of events.
Attractive homes in every direction! This beautiful city is awash with beautiful homes. Look on the south side of town near Marsh Field or tour a gorgeous home by the lake on Western Avenue or Lakeshore Drive. No matter what you're looking for, the community boasts many options in a wide array of prices and sizes.
Delectable restaurants! Stop for breakfast at Brooklyn's Bagels or Mr. B's Pancake House, and then grab lunch at any of the mouthwatering restaurants around town. Popular choices include Bear Lake Tavern, Boar's Belly Brewhouse, Charokee Restaurant or Crosswinds. The city has options for everyone! For dinner, you have the choice of American, Italian, Mexican, Chinese, Indian, Japanese, Irish and other cuisines. Some local favorites are C.F. Prime Chophouse & Wine Bar, Dockers Fish House & Lounge, Frosty Oasis and Hennessy's Irish Pub & Restaurant.
Affordable apartments If you're not ready to buy yet, Muskegon has many great rent to own homes and houses for rent, such as Shoreline Landing Apartments and Glen Oaks Apartments. Check out Catalina Shores Apartments, which has everything from 1-bedroom apartments starting at $650 to 3-bedroom apartments starting at $880. Amenities include balconies and patios, a washer and dryer in each unit, and garages and carports. Park Terrace Apartment Homes also offers 1, 2, and 3-bedroom apartments. Amenities include a community gym and playground, extra storage for each unit, and a car wash area.