Rent to own Homes in Washington, MO
Located along the Missouri River and named after George Washington, the city of Washington started out as a Spanish settlement in the late 18th century. It was later sold to the United States and settled by Daniel Boone's family members and followers. Today, Washington, MO, is best-known as the corncob pipe capital of the world. The local economy is largely fueled by the manufacturing and tourism industries.
Washington, MO is a great place for affordable rent-to-own homes! With a median household income of over $66,779 and a median rent of $771, the Washington, 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 Washington, 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 Washington, MO Property Resources
Rent to own Homes in Cities Near Washington, MO
- Augusta
- Ballwin
- Batchtown
- Bridgeton
- Byrnes Mill
- Chain of Rocks
- Champ
- Chesterfield
- Clarkson Valley
- Cottleville
- Country Life Acres
- Crystal Lake Park
- Defiance
- Eureka
- Flint Hill
- Florissant
- Frontenac
- Golden Eagle
- Gray Summit
- Hazelwood
- High Ridge
- Huntleigh
- Josephville
- Kirkwood
- Labadie
- LaBarque Creek
- Ladue
- Lake Tekakwitha
- Manchester
- Marthasville
- Maryland Heights
- Moscow Mills
- New Melle
- O Fallon
- O'Fallon
- Olivette
- Overland
- Pacific
- Parkdale
- Peaceful Village
- Scotsdale
- St. Ann
- St. John
- St. Paul
- Sunset Hills
- Troy
- Villa Ridge
- Westwood
- Winchester
- Winfield
Neighborhoods in Washington, MO
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No zip codes foundBuying a Home in Washington, MO
Washington, MO is seeing rapid growth and Washington, MO's' housing market remains optimal with an average home price that is -23% below the 2024 national average. Washington, MO is part of Franklin 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 Franklin is 0.85% which is below the national average, which is 0.99%.
Median Home Price in Washington, MO
Median Rent in Washington, MO
Top 3 Reasons to Live in Washington
Low home prices! Housing prices are currently 10 percent lower than the national average, but valuations have started rising over the past year. Neighborhoods ranging from adjacent to the Missouri River all the way down to Chamber Drive have a home ownership rate of nearly 80 percent, so those looking to buy or looking for rent to own houses are in a great position.The upswing in housing costs present a great opportunity for local real estate investors.
There's always something to do! Residents in Washington really never run out of things to do. When it gets too hot outside, for instance, the Washington Swimming Pool is a public pool that's great for those who don't feel like jumping in the nearby creeks or river. If you like historical outings, you could also head down to Defiance and check out the Historic Daniel Boone Home and Heritage Center. Finish up with food and drink at the Bootlegger's Brewery in Aurora or Montelle Winery and Klondike Cafe in Augusta!
Low property taxes and cost of living! In addition to having great housing prices, Washington's property taxes are low as well. In fact, taxes are more than 23 percent lower in Washington than the rest of America on average. Add this to the fact that the cost of living index is four points lower here, driven mostly by housing, transportation and professional service costs, and you're sure to save a ton of money in the city. With the money you save on taxes, you could enjoy a few outings to Cowan's Restaurant followed by a flick over at Cinema 1 Plus every single week of the year.