Rent to own Homes in Fort Leonard Wood, MO
Fort Leonard Wood is a metropolitan area named after the local military base, which serves the United States Army Chemical, Engineer and Military Police Regiments. It is located in Pulaski County, in Missouri's Ozark Mountains and borders the southern city limits of St. Joseph. The base was founded in 1940 and named in honor of a former Chief of Staff, General Leonard Wood. Real estate in the metro area consists predominantly of off-base housing for the military.
Fort Leonard Wood, MO is a great place for affordable rent-to-own homes! With a median household income of over $58,598 and a median rent of $1,251, the Fort Leonard Wood, 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 Fort Leonard Wood, 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.
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Fort Leonard Wood, MO is seeing rapid growth and Fort Leonard Wood, MO's' housing market remains optimal with an average home price that is -100% below the 2024 national average. Fort Leonard Wood, MO is part of Pulaski 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 Pulaski is 0.61% which is below the national average, which is 0.99%.
Median Home Price in Fort Leonard Wood, MO
Median Rent in Fort Leonard Wood, MO
Top 4 Reasons to Live in Fort Leonard Wood, MO
Fascinating Americana history! Old Route 66 cuts through this area, and includes a number of scenic stops, including the Elbow Inn at Devil's Elbow, numerous sites in the city of Waynesville and the annexed pioneer town of Buckhorn. The Old Stagecoach Stop, located in downtown Waynesville, is a museum depicting the area's original stagecoach stop and is the oldest standing structure in the county. Outlying areas include the small town of Crocker, north of Waynesville.
Lots to see and do! Theatre on the Square in Waynesville is sponsored by the Pulaski Fine Arts Association and is the main performing arts center for the Waynesville and adjoining areas. Tiger Typhoon Aquatic Park, in St. Robert, features a host of aquatic attractions, including an indoor therapy pool, zero depth splash area, lap lanes and two tube slides. Also available is a rock climbing wall, current channel and a NEOS 360 Interactive Game area.
An attractive rental market! Two-bedroom rentals are 30 percent less expensive in the Ammon metro area than in the rest of the state. Three-bedroom rentals are 43 percent below the state's average as well, offering a good community in which to find your favorite rent to own home. The Fort Leonard Metro area includes the city of Waynesville and uninhabited sections that include the ghost town of Hooker, once on Route 66.
An affordable real estate market! The median price for a home for sale close to the Fort Leonard Wood base is 30 percent less than houses in the rest of the state, making it an ideal area in which to live. Thirty nine percent of the homes on the market are reduced, with less than 3 percent in foreclosure. A little more than 7 percent of the houses for sale in and around Waynesville are newly constructed homes, offering lots of varied options to choose from.