Rent to own Homes in Walker, MI
Located in Kent County just west of Grand Rapids, the city of Walker covers nearly 25.5 square miles and has roughly 24,000 residents. In 1962, Walker officially became a city, and though it is often thought of as a part of Grand Rapids, Walker grooves to its own beat. Full of green area and plenty of living space, Walker offers relaxation and comfort. The city also brings ample entertainment, though, which makes it a winner for people who are looking for a new home.
Walker, MI is a great place for affordable rent-to-own homes! With a median household income of over $63,878 and a median rent of $867, the Walker, 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 Walker, 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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Walker, MI is seeing rapid growth and Walker, MI's' housing market remains optimal with an average home price that is -7% below the 2024 national average. Walker, MI is part of Kent 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 Kent is 1.56% which is above the national average, which is 0.99%.
Median Home Price in Walker, MI
Median Rent in Walker, MI
Top 4 Reasons to Live in Walker, MI
Be active! With numerous parks located throughout town, folks who live in Walker can exercise, play sports, or just enjoy the scenery. So take advantage and play sand volleyball at Walker Community Park, hike through the 1500-acre Millennium Park, or play 18 holes at English Hills Golf Course. The Walker Ice and Fitness Center is a great spot to skate and work out during the winter, too.
Choose to buy or rent! Home owners don't dominate the real estate market in Walker, but neither do renters. Of citizens in Walker, 63.2% own while 36.8% rent. People moving here have options, as ads show lots of listings for homes for rent and sale. There are many areas to look as well. Rent an apartment near Lincoln Country Club or buy a house near the Kent District Library. For those who want to try out a pad in Walker before deciding to purchase, know that some owners and real estate companies offer the option to rent to own.
Go shopping and out to dine! A wonderful way to spend a day in Walker is to shop and eat. For shopping, a plethora of stores abound. Those interested in board games and comics should check out White Cap Comics. Mystery House Book Shoppe is a reader's paradise, and Willow Bay Naturals has all the aromatherapy products you could need. After you've finished shopping, stop in for a bite at one of the many restaurants in Walker. Savor the flavor at Jia Yuan, have a feast at Dugan's Pub and Grille, or enjoy some creative contemporary dishes at The Walker Roadhouse.
Enjoy reasonable real estate prices! The average property value in Walker is lower than the Michigan and national average. Over 49% of properties are valued at under $150,000, which means those moving here can get more square footage for the same amount of money. Huntington Ridge Condominiums usually have some units for sale, and the area surrounding Alpine Estates Park is a good spot to look for houses.