Rent to own Homes in Portage, MI
If someone offered you beachfront property in Indiana, you might laugh. But in Portage, it is no joke. Portage has easy access to more than 25 miles of beach along the shore of Lake Michigan. With so much water, it is no surprise that many residents spend as much time as possible with a hook in the water. Fishing is almost the official pastime for Portage, so make sure to pack your tackle box.
Portage, MI is a great place for affordable rent-to-own homes! With a median household income of over $66,571 and a median rent of $889, the Portage, 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 Portage, 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 Portage, MI Property Resources
Rent to own Homes in Cities Near Portage, MI
- Allegan
- Augusta
- Battle Creek
- Centreville
- Climax
- Comstock Northwest
- Delton
- Dowling
- East Leroy
- Eastwood
- Fulton
- Galesburg
- Gobles
- Hickory Corners
- Kalamazoo
- Lawton
- Leonidas
- Level Park-Oak Park
- Marcellus
- Martin
- Mattawan
- Mendon
- Otsego
- Parchment
- Paw Paw
- Plainwell
- Portage
- Richland
- Schoolcraft
- Scotts
- Shelbyville
- South Gull Lake
- Springfield
- Three Rivers
- Vicksburg
- Westwood
Neighborhoods in Portage, MI
Ames West Lake Park rent to own homesPopular Zip Codes in Portage, MI
49081 rent to own homes 49002 rent to own homes 49024 rent to own homesBuying a Home in Portage, MI
Portage, MI is seeing rapid growth and Portage, MI's' housing market remains optimal with an average home price that is -20% below the 2024 national average. Portage, MI is part of Kalamazoo 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 Kalamazoo is 1.61% which is above the national average, which is 0.99%.
Median Home Price in Portage, MI
Median Rent in Portage, MI
Top 3 Reasons to Move to Portage, IN
Bargain real estate prices! With an average listing price of only $185K for 4 bedroom homes, Portage has a lot to offer. Prices are also on a downswing, so new buyers have the opportunity to get a real steal on rent to own homes in premium neighborhoods like Chesterton and Valparaiso. Homes are available in a variety of sizes, so don't limit the search to simple two bedroom, one bathroom row homes. Instead, look for individual properties with unique accents. They are available all throughout the suburb.
Relaxing walks and challenging hikes! Portage locals spend a lot of time outdoors, and it is no wonder why, with stunning examples of nature's beauty all around. Ogden Dunes Beach has plenty of space for boating, fishing, swimming, sunning, volleyball and more. For a more relaxed atmosphere, check out the Portage Lakefront and Riverwalk. This little-known local hotspot has an unmanned visitors' center to provide background on the area, a jetty to get great shots of Lake Michigan and year-round access, so you can catch the lake in all seasons. Fishing off the pier or on the Lake makes for a great day trip. While spending the summer at the shore is a nice way to cool off, exploring the Riverwalk during fall offers a view that can't be beat. The autumn leaves add a splash of color to the landscape, making every inch a one-of-a-kind backdrop.
Safe and affordable rentals! Crime rates often drive down property values, but that is not a problem in Portage. This suburban hamlet has a crime rate that is almost half of the state median, making it a very safe place to call home. Homes near the corner of Crisman and McCool or County Line Road and Stone Avenue are some of the safest in the city. Median rental prices are a reasonable $785, so be sure to shop for apartments, condos, direct sales and rent to own properties in these hamlets.