Rent to own Homes in O'Fallon, MO
O'Fallon, MO is a great place for affordable rent-to-own homes! With a median household income of over $92,498 and a median rent of $1,153, the O'Fallon, 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 O'Fallon, 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 O'Fallon, MO Property Resources
Rent to own Homes in Cities Near O'Fallon, MO
- Augusta
- Ballwin
- Batchtown
- Berkeley
- Breckenridge Hills
- Bridgeton
- Chain of Rocks
- Champ
- Chesterfield
- Clarkson Valley
- Creve Coeur
- Crystal Lake Park
- Dardenne Prairie
- Des Peres
- Dow
- Earth City
- Edmundson
- Ellisville
- Elsah
- Fenton
- Foley
- Foristell
- Fountain N' Lakes
- Golden Eagle
- Gray Summit
- Hardin
- Innsbrook
- Kirkwood
- Labadie
- Ladue
- Lake St. Louis
- O Fallon
- Old Jamestown
- Old Monroe
- St. Ann
- St. Charles
- St. John
- St. Paul
- St. Peters
- Town and Country
- Troy
- Twin Oaks
- Valley Park
- Weldon Spring
- Weldon Spring Heights
- Wentzville
- Wildwood
- Winchester
- Winfield
- Woodson Terrace
Neighborhoods in O'Fallon, MO
Oakridge Estates rent to own homesPopular Zip Codes in O'Fallon, MO
63368 rent to own homesBuying a Home in O'Fallon, MO
O'Fallon, MO is seeing rapid growth and O'Fallon, MO's' housing market remains not optimal with an average home price that is 8% above the 2024 national average. O'Fallon, MO is part of St. Charles 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 St. Charles is 1.2% which is above the national average, which is 0.99%.