Rent to own Homes in New Baltimore, MI
New Baltimore, MI is a great place for affordable rent-to-own homes! With a median household income of over $83,767 and a median rent of $799, the New Baltimore, 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 New Baltimore, 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 New Baltimore, MI Property Resources
Rent to own Homes in Cities Near New Baltimore, 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 New Baltimore, MI
New Baltimore Historic District rent to own homesPopular Zip Codes in New Baltimore, MI
No zip codes foundBuying a Home in New Baltimore, MI
New Baltimore, MI is seeing rapid growth and New Baltimore, MI's' housing market remains not optimal with an average home price that is 8% above the 2024 national average. New Baltimore, 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%.