Rent to own Homes in Walloon Lake, MI

Walloon Lake, MI is a great place for affordable rent-to-own homes! With a median household income of over $70,391 and a median rent of $1,028, the Walloon Lake, 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 Walloon Lake, 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.

Check out Walloon Lake, MI rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 146
7935 BAY SKIES CT
Rent To Own
 
Townhouse/Condo
Harbor Springs, MI 49740
4
5
4020 ft2
2018
1 of 37 4884 E M 32
Rent To Own
 
Single Family Home
Gaylord, MI 49735
4
3
2800 ft2
1990
Hot
1 of 49 2320 TROON S #506
Rent To Own
 
Townhouse/Condo
Bellaire, MI 49615
4
4
2400 ft2
2000
1 of 42 2217 US31 South
Rent To Own
 
Multifamily (2 - 4 Units)
Charlevoix, MI 49720
3
3
3000 ft2
1900
Hot
1323 MICHAYWE DR
Rent To Own
 
Single Family Home
Gaylord, MI 49735
5
2
2062 ft2
1974
1 of 28 11720 EASY ST
Rent To Own
 
Single Family Home
Kewadin, MI 49648
3
3
2347 ft2
2014
Hot
1 of 31 8966 ALDEN MDWS
Rent To Own
 
Townhouse/Condo
Alden, MI 49612
4
4
3200 ft2
2000
1 of 26 718 Spartan Shores Drive
Rent To Own
 
Multifamily (2 - 4 Units)
Elk Rapids, MI 49629
3
3
2000 ft2
2002
1 of 17 605 S HURON ST
Rent To Own
 
Single Family Home
Cheboygan, MI 49721
4
2
2800 ft2
1 of 18 4075 HEALEY RD
Auction
 
Single Family Home
East Jordan, MI 49727
3
1
1750 ft2
New
800 HARRISON ST
Auction
 
Single Family Home
Harbor Springs, MI 49740
3
1
1456 ft2
1976
New
9500 NELSON RD
Auction
 
Single Family Home
East Jordan, MI 49727
5
5
4034 ft2
1 of 25 2505 SEQUANOTA RD
Auction
 
Single Family Home
East Jordan, MI 49727
4
3
1932 ft2
7249 VAN TYLE RD
REO Foreclosure
 
Single Family Home
Gaylord, MI 49735
3
2
2900 ft2
New
1 of 91 4241 LAMING CIR
Auction
 
Single Family Home
Elmira, MI 49730
3
2
1956 ft2
6726 PINEVIEW DR
Auction
 
Single Family Home
Mancelona, MI 49659
4
2
1555 ft2
New
1 of 14 8935 SPRINGSIDE DR
REO Foreclosure
 
Single Family Home
Mancelona, MI 49659
2
1
1008 ft2
1971
New
1 of 28 8596 ESSEX RD
Auction
 
Single Family Home
Ellsworth, MI 49729
3
2
1352 ft2
1 of 20 420 S COURT AVE
Auction
 
Single Family Home
Gaylord, MI 49735
5
3
2900 ft2
11155 DARRAGH RD
REO Foreclosure
 
Single Family Home
Mancelona, MI 49659
3
2
1216 ft2
1999
3065 E DIXON LAKE RD
Auction
 
Single Family Home
Gaylord, MI 49735
3
2
1400 ft2
1 of 10 6215 WALKER RD NW
Auction
 
Single Family Home
Rapid City, MI 49676
3
2
1890 ft2
1 of 4 214 MAPLE ST
Auction
 
Single Family Home
Cheboygan, MI 49721
2
1
854 ft2
1 of 17 6437 COUNTY ROAD 612
REO Foreclosure
 
Single Family Home
Grayling, MI 49738
3
1
720 ft2
1954
8377 HAWLEY RD
Auction
 
Single Family Home
Williamsburg, MI 49690
3
2
1232 ft2
1995
1 of 31 8601 CHURCH ST
Auction
 
Single Family Home
Williamsburg, MI 49690
3
2
1548 ft2
1967
1 of 3 6694 COUNTY ROAD 612
Auction
 
Single Family Home
Grayling, MI 49738
3
1
1581 ft2
1940
1 of 30 405 DUNCAN AVE
Rent To Own
 
Single Family Home
Cheboygan, MI 49721
0
0
2600 ft2
1 of 5 10.9 ACRES - VACANT WATERFRONT PROPERTY - 2085 W. Martin Lake Road
Rent To Own
 
Multifamily (2 - 4 Units)
Gaylord, MI 49735
0
0
0 ft2
8396 DUNDAS RD NW
Rent To Own
 
Single Family Home
Alden, MI 49612
0
0
0 ft2
2 Black Walnut Ln
Rent To Own
 
Single Family Home
Kalkaska, MI 49646
0
0
0 ft2
8005 & 8029 Cherry Ave
Rent To Own
 
Single Family Home
Rapid City, MI 49676
0
0
0 ft2
1 of 3 8000 hwy 23
Rent To Own
 
Multifamily (2 - 4 Units)
Mackinaw City, MI 79701
0
0
0 ft2
1 of 5 3328 RIVER RD
REO Foreclosure
 
Single Family Home
Petoskey, MI 49770
0
1
1152 ft2
1 of 90 618 ADAMS ST
Auction
 
Single Family Home
Boyne City, MI 49712
0
2
1225 ft2
1 of 7 320 BAILEY ST
Auction
 
Single Family Home
Boyne City, MI 49712
0
1
1184 ft2
1984
1 of 3 909 WAUKAZOO AVE
Auction
 
Single Family Home
Petoskey, MI 49770
0
0
0 ft2
1288 MARSHALL RD
Auction
 
Single Family Home
Boyne City, MI 49712
0
2
1272 ft2
1978
3282 CHERRY HILL RD
Auction
 
Single Family Home
Boyne Falls, MI 49713
0
0
0 ft2
2316 PLEASANT VALLEY RD
Auction
 
Single Family Home
Boyne City, MI 49712
0
0
0 ft2
New
934 N ADVANCE RD
Auction
 
Single Family Home
Boyne City, MI 49712
0
0
0 ft2
2755 M 119 #110
REO Foreclosure
 
Townhouse/Condo
Harbor Springs, MI 49740
0
0
0 ft2
1 of 26 696 FRANKLIN ESTS
Auction
 
Townhouse/Condo
Petoskey, MI 49770
0
0
0 ft2
New
1 of 3 7710 BLACKWOOD CT
Auction
 
Townhouse/Condo
Harbor Springs, MI 49740
0
0
0 ft2
Map
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Neighborhoods in Walloon Lake, MI

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Popular Zip Codes in Walloon Lake, MI

49796 rent to own homes

Buying a Home in Walloon Lake, MI

Walloon Lake, MI is seeing rapid growth and Walloon Lake, MI's' housing market remains optimal with an average home price that is -19% below the 2024 national average. Walloon Lake, MI is part of Charlevoix 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 Charlevoix is 1.09% which is above the national average, which is 0.99%.

Median Home Price in Walloon Lake, MI

Median Rent in Walloon Lake, MI

Rent to own homes offer low monthly payments and flexible terms.