Rent to own Homes in Waverly, MI
Waverly Township, Michigan is home to around 25,000 people. It offers the security of small town living with access to big city amenities. While just a short commute to Lansing, residents of the charming Waverly Township have access to great nightlife, shopping, entertainment and job opportunities. With good shopping, community spirit, and a pleasant atmosphere, Waverley is a great place to live.
Waverly, MI is a great place for affordable rent-to-own homes! With a median household income of over $66,930 and a median rent of $956, the Waverly, 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 Waverly, 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 Waverly, MI Property Resources
Rent to own Homes in Cities Near Waverly, MI
- Bath
- Charlotte
- Dansville
- DeWitt
- Dimondale
- Eagle
- East Lansing
- Eaton Rapids
- Edgemont Park
- Grand Ledge
- Haslett
- Holt
- Laingsburg
- Lake Victoria
- Lansing
- Leslie
- Mason
- Munith
- Okemos
- Onondaga
- Ovid
- Perry
- Pleasant Lake
- Potterville
- Rives Junction
- Shaftsburg
- Springport
- St. Johns
- Wacousta
- Waverly
- Webberville
- Westphalia
- Williamston
Neighborhoods in Waverly, MI
Waverly rent to own homesPopular Zip Codes in Waverly, MI
48917 rent to own homesBuying a Home in Waverly, MI
Waverly, MI is seeing rapid growth and Waverly, MI's' housing market remains optimal with an average home price that is -21% below the 2024 national average. Waverly, MI is part of Eaton 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 Eaton is 1.48% which is above the national average, which is 0.99%.
Median Home Price in Waverly, MI
Median Rent in Waverly, MI
Top 7 Reason to Live in Waverly, MI
Close to the big city! A 10-minute drive to Lansing makes Waverly an ideal choice if you are looking for a quiet community with an easy commute. Waverly also offers its own events, especially around the holidays, when locals can join in Breakfast with Santa and the Halloween Fest.
Great shopping! When you rent to own in the Waverly community, you are just a short drive away from shopping and dining options. If you're in the mood for some shopping, head over to the Lansing Mall which, despite the name, is actually in Waverly, and is home to almost 80 stores and restaurants. Stop by the Regal Cinema in the mall for a relaxing evening watching a movie.
Low cost of living! The cost of living in Waverly is lower than average for communities throughout the United States. Find affordable goods at Aldi and Target in the center of town and Quality Dairy to the east.
Affordable housing! The average home value in Waverly is just over $129,000. When you rent a home or an apartment in Waverly you can expect to pay nearly $200 less than the national average. Great places can be found north of town, near Grand Woods and Canyon Trail Road.
An open community! Although Waverly is not considered a city, this unincorporated section of Van Buren County has a lot going on. Organizations like the Waverly Orchestra Association and football games at Waverly High School bring the community together.
Sampling the wine! Residents of this neighborhood can head to five nearby wineries to enjoy locally-produced wines. Alternatively, head straight to the final product at Oade's Bar and Grill or Reno's Sports Bar.
Rent to own! About 39 percent of homes in the community are rented, making it a perfect place to rent to own a home. For affordable housing options, look toward the east side of town near W. Michigan Avenue and N. Waverley Road.