Rent to own Homes in Trenton, MI
With 7.5 square miles of land, Trenton is part of Wayne County, Michigan. With approximately 18,500 residents, the city is part of the collective "Downriver" communities which included multiple small cities south of Detroit and west of the Detroit River. Trenton was originally established after the war of 1812 and underwent various name changes before settling in 1847. Trenton is perhaps most well-known for the fact that the Battle of Monguagon occurred in the modern day Elizabeth Park.
Trenton, MI is a great place for affordable rent-to-own homes! With a median household income of over $69,710 and a median rent of $805, the Trenton, 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 Trenton, 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 Trenton, MI Property Resources
Rent to own Homes in Cities Near Trenton, MI
- Allen Park
- Belleville
- Berkley
- Beverly Hills
- Bingham Farms
- Canton
- Carleton
- Center Line
- Dearborn
- Dearborn Heights
- Detroit
- Ecorse
- Estral Beach
- Farmington
- Farmington Hills
- Ferndale
- Flat Rock
- Garden City
- Gibraltar
- Grosse Ile
- Grosse Pointe
- Grosse Pointe Park
- Hamtramck
- Hazel Park
- Highland Park
- Huntington Woods
- Lathrup Village
- Lincoln Park
- Livonia
- Madison Heights
- Melvindale
- New Boston
- Newport
- Pleasant Ridge
- Plymouth
- Redford
- River Rouge
- Riverview
- Romulus
- Royal Oak
- Southfield
- South Monroe
- Stony Point
- Taylor
- Warren
- Wayne
- Westland
- Willis
- Woodhaven
- Woodland Beach
Neighborhoods in Trenton, MI
No neighborhoods foundPopular Zip Codes in Trenton, MI
48183 rent to own homesBuying a Home in Trenton, MI
Trenton, MI is seeing rapid growth and Trenton, MI's' housing market remains optimal with an average home price that is -28% below the 2024 national average. Trenton, MI is part of Wayne 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 Wayne is 2.07% which is above the national average, which is 0.99%.
Median Home Price in Trenton, MI
Median Rent in Trenton, MI
Top 5 Reasons to Live in Trenton, MI
Participate in local festivals! With its rich cultural history, Trenton has become accustomed to hosting a variety of local festivals and events. These events help to bring the community together, serving as a way for people to get out of their daily activities and enjoy the life of a small town. The Roar on the River is a boat racing festival with live music and organized events that occurs each year. Residents can also enjoy the Scarecrow Festival each October to get into the holiday spirit.
Full of cultural significance! In addition to the local events, Trenton also offers its residents a variety of cultural attractions to enjoy. The Trenton Village Theatre was recently remodeled and holds some beautiful pieces of art. The Bridge Cultural Center is a farmhouse converted into a cultural gateway, allowing local artists to showcase their work throughout the year.
An affordable real estate market! The properties for sale in Trenton are well below the national average and below the average in the state of Michigan. Since there are hundreds of real estate listings currently up, this makes finding the right residence easier than in most places. If you would prefer, there are also opportunities to find rent to own homes in the neighborhoods of Sibley Rd and Telegraph Rd.
Enjoy the Parks and Recreation Department! Like many smaller cities, Trenton enjoys an active Parks Department. This can be seen in places like Elizabeth Park, which is a popular destination for fishing, boating or simply having a picnic. Additionally, this department maintains the Kennedy Recreation Center which is a 150,000 square foot complex housing ice rinks among other sporting fields.
Great for rentals! Whether you are looking at rental homes or apartments, the average price of rentals are well below the national average. With the small town feel and the availability of homes, they may be preferable to apartments in this area, but both are readily available in neighborhoods such as City Center, Telegraph Rd, Fort St or West Rd.