Rent to own Homes in Sedalia, MO
Located south of the Missouri River, Sedalia is noted for its rich culture, numerous historical sights and temperate climate. This city excels at offering an ideal home base for both short-term and long-term residents. With events such as the Missouri State Fair and places such as the Daum Museum of Contemporary Art, there is no shortage of reasons to live in Sedalia.
Sedalia, MO is a great place for affordable rent-to-own homes! With a median household income of over $42,152 and a median rent of $716, the Sedalia, 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 Sedalia, 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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Sedalia, MO is seeing rapid growth and Sedalia, MO's' housing market remains optimal with an average home price that is -54% below the 2024 national average. Sedalia, MO is part of Pettis 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 Pettis is 0.86% which is below the national average, which is 0.99%.
Median Home Price in Sedalia, MO
Median Rent in Sedalia, MO
Top 7 Reasons to Live in Sedalia, MO
Restaurants, restaurants, restaurants! In Sedalia, you can find endless dining options. Try out the Caroline pork or spare rib plate at Kehde's Barbeque, or feast on Tuscan-style paninis or briquette burgers at the Brick Front Grill on West Broadway.
Lots of events! Sedalia does a fantastic job with resident-geared festivals worth exploring. Whether it is the Missouri State Fair every August or the Scott Joplin Ragtime Festival in June, make sure you set aside time to check out these community events.
Great for the shopaholic! If you enjoy shopping, you'll feel right at home in Sedalia. With a variety of stores ranging from antique shops to traditional department stores, there is no shortage of shops. You can visit Chelsea's Antiques as well as check out the latest fashions at J. C. Penney.
Tons of outdoor activities! Sedalia is ideal for those who value the beauty of outdoors. With a variety of activities to enjoy, residents can appreciate nature while engaging in numerous fitness opportunities. Why not head out for golf at the Elm Hills Public Golf Course or take part in sports events at Centennial Park?
A wide variety of houses! Housing options in Pettis County range from farmland open space to traditional homes and rental properties. Sedalia, at the intersection of Highways 50 and 65, is known for being more economical than its surrounding areas. The median cost of a home in Sedalia sits around $59,600.
Many historical sights! History buffs will find much to love in Sedalia thanks to the many historical sights. Visit registered historic places such as the Bothwell Lodge, or accompany a tour group to the long-running Sierra Bullets Factory.
High property appreciation rates! With the median house value rising more than $24,000 over the past 10 years, Sedalia is a great investment for prospective home owners. Rent to own homes in Sedalia are also ideal if you want to eat out on a frequent basis. Take advantage of the convenient distance to restaurants such as Mazzio's Pizza and Colton's Steakhouse and Grill.