Rent to own Homes in Rolla, MO
Located at the junction of Highway 63 and I-44, Rolla is a gem nestled in the picturesque Ozarks Highland Region. With a history that dates back before the Civil War, and Mark Twain National Forest as its backdrop, Rolla combines nature, culture, arts, and history to create a city that offers its own distinct charms. The city is home to the famed Missouri University of Science and Technology, which features a partial reconstruction of Stonehenge, the ancient English monument.
Rolla, MO is a great place for affordable rent-to-own homes! With a median household income of over $37,252 and a median rent of $726, the Rolla, 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 Rolla, 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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Rolla, MO is seeing rapid growth and Rolla, MO's' housing market remains optimal with an average home price that is -34% below the 2024 national average. Rolla, MO is part of Phelps 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 Phelps is 0.66% which is below the national average, which is 0.99%.
Median Home Price in Rolla, MO
Median Rent in Rolla, MO
Top 6 Reasons to Live in Rolla, MO
Take a trip to another era! The city is a major stopping point on historic U.S. Route 66 and the home of several historic structures. Today, visitors can get a glimpse into the past by checking out the Frisco 1501 Caboose, Phelps County Courthouse and the National Bank of Rolla Building.
Low property taxes! Rolla's property tax rate is $7.53 per $1,000 of home value, which is much lower than the national average. Low taxes make the city particularly attractive to home buyers looking for rent to own homes. Northwye and Forum Drives are some of the most popular neighborhoods in the city and offer a variety of homes for sale.
Outdoor recreational opportunities! Nature lovers and people who like the outdoors will enjoy Rolla's numerous streams, trails and sprawling nature reserve. A range of outdoor activities, including fishing, canoeing, kayaking, hiking, camping and picnics, await you at Audubon Trails Nature Center, Lane Springs Recreation Area, Little Piney Creek and the Gasconade River.
Foods and drinks galore! Visitors and locals who've tasted the homemade pies from the popular A Slice of Pie would swear there's nothing quite like it anywhere. Foodies will want to pay a visit to one of the many restaurants that line Highway 63. After dinner, head over to I-44 and visit one of the area's wineries. Three Squirrels and St. James Winery receive positive reviews from visitors.
Affordable rental houses! Rolla is a renter's paradise. The average monthly rent is lower than the national average. The Northwye, Shady Lane and the City Center neighborhoods offer a variety of apartment rentals.
Ozark culture! Rolla is located in the Ozarks Highland Region, and Ozark culture is very evident in this city. This city is part of the Ozark Highland Viticultural Area and is a designated wine grape-growing area. New residents will enjoy attending a performance at the Ozarks Actor's Theatre.