Rent to own Homes in Cape Girardeau, MO
The largest and most dramatic landmark in Cape Girardeau is the fantastic mural depicting the history of the city. The Mississippi River Mural covers nearly 18,000 square feet of the downtown floodwall and runs the full length of the downtown shopping district. Located behind the floodwall is the famous Riverfront Park, where visitors enjoy relaxing by the lazy Mississippi River and watching the numerous riverboats dock.
Cape Girardeau, MO is a great place for affordable rent-to-own homes! With a median household income of over $45,713 and a median rent of $762, the Cape Girardeau, MO 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 Cape Girardeau, MO. 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 Cape Girardeau, MO Property Resources
Rent to own Homes in Cities Near Cape Girardeau, MO
- Altenburg
- Alto Pass
- Anna
- Belknap
- Blairsville
- Boles
- Buncombe
- Cambria
- Cape Girardeau
- Carbondale
- Carterville
- Cobden
- Commerce
- Crainville
- Cypress
- De Soto
- Dongola
- East Cape Girardeau
- Goreville
- Gorham
- Grand Chain
- Grand Tower
- Harrison
- Herrin
- Jacob
- Jonesboro
- Karnak
- Makanda
- Marion
- McClure
- Mc Clure
- Mill Creek
- Miller City
- Mounds
- Murphysboro
- New Grand Chain
- Olive Branch
- Olmsted
- Ozark
- Pomona
- Pulaski
- Scott City
- Tamms
- Thebes
- Ullin
- Unity
- Vienna
- Villa Ridge
- Wolf Lake
Neighborhoods in Cape Girardeau, MO
No neighborhoods foundPopular Zip Codes in Cape Girardeau, MO
63702 rent to own homes 63701 rent to own homes 63703 rent to own homesBuying a Home in Cape Girardeau, MO
Cape Girardeau, MO is seeing rapid growth and Cape Girardeau, MO's' housing market remains optimal with an average home price that is -29% below the 2024 national average. Cape Girardeau, MO is part of Cape Girardeau 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 Cape Girardeau is 0.71% which is below the national average, which is 0.99%.
Median Home Price in Cape Girardeau, MO
Median Rent in Cape Girardeau, MO
Top 6 Reasons to Live in Cape Girardeau, MO
Enhanced quality of life! The city strives to provide the best services to everyone in the community. This includes keeping housing prices down to a median of $157,000 for a detached home and rent at an average of $628 per month.
Variety of great employment opportunities! With numerous large and small manufacturers, as well as hundreds of other businesses, Cape Girardeau has no shortage of employment opportunities. The city is home to well known companies such as American Railcar, manufacturers of railcar parts, and Havco Wood Products, specializing in oak flooring and truck trailers.
Plenty of healthy outdoor activities! Cape Girardeau offers bicycle trails along the river and throughout the city. Special lanes are constructed to keep cyclists safe and healthy. The splash park offers hours of fun for everyone. One special day is set aside each year for dogs of all sizes to enjoy swimming and splashing in a safe environment.
Shorter commutes to work! Those who commute to work every day will love the short travel times. On average, a commuter can make the trip in 13.5 minutes, which is about half of the national average. The Cape has plenty of rent to own homes close to major employers, and fabulous rental units near parks, like Cape Rock Park or Choctaw Park.
Fabulous entertainment all year round! The city celebrates a variety of events all year round. From the amazing Annual Christmas Arts and Crafts Extravaganza to the live shows on Isle Casino Cape Girardeau, there is fun for residents of all ages. Shoppers will be on cloud nine browsing through over 500 businesses that offer everything from exquisite antiques to modern day marvels.
Food lover's dream come true! Cape Girardaeu is an ethnic blend of different cultures, which brings with it a diverse offering of foods from around the world. However, the most popular eateries specialize in local cuisine. Celebrations Restaurant serves gourmet dishes created with seasonal ingredients from small-scale farms and fisheries. Broussard's Cajun Cuisine offers an array of dining options, including both Cajun and classic American dishes to satisfy even the pickiest eaters.