Rent to own Homes in Jamestown, ND
The town began near a 3,000 year old First Peoples village and was first settled by pioneers in 1871, when a camp was set up on the James River where the railroad would be crossing. The settlement was named Jamestown in honor of the city in Virginia. These days, around 16,000 people call it home, and it's a regional commercial and shopping center, lying midway between Bismarck and Fargo on Interstate 94.
Jamestown, ND is a great place for affordable rent-to-own homes! With a median household income of over $49,846 and a median rent of $688, the Jamestown, ND 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 Jamestown, ND. 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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Rent to own Homes in Cities Near Jamestown, ND
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Jamestown, ND is seeing rapid growth and Jamestown, ND's' housing market remains optimal with an average home price that is -31% below the 2024 national average. Jamestown, ND is part of Stutsman 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 Stutsman is 1.54% which is above the national average, which is 0.99%.
Median Home Price in Jamestown, ND
Median Rent in Jamestown, ND
4 Reasons to Love Living in Jamestown, ND
Sound economy and growing housing market! The healthy North Dakota economy is evident in Jamestown. That solid base translates into a healthy real estate situation as well. In 2014, the annual appreciation rate for homes was 3.5%--up 21% for the last five years. Search for rent to own homes in the northeast part of town to be close to Jamestown Regional Airport and the University of Jamestown.
Buffalo! Yes, buffalo here are the same big bison that once roamed the plains in the millions. The World's Largest Buffalo Monument is here. It's a giant sculpture that's part of the National Buffalo Museum. There are live bison on site too, including the only certified completely albino buffalo. It's next to Frontier Village, a site paying homage to the frontier tradition with historic buildings and period entertainment like stagecoach rides and shoot-outs. Visit Kirkpatrick Art Gallery and the Louis L'Amour Writer's Shack on the grounds.
Variety of housing choices! The south part of town, near where Highway 281 intersects I-94, features a lot of manufactured homes. Near downtown, find older bungalow-style homes and smaller apartments in historic buildings. Find large homes on big lots near the James River, especially in the north part of town and toward Fort Seward. The southeast part of the community features more modest river homes that aren't quite as large.
Local entertainment and outdoor fun! Living a good distance away from a major city means finding recreation locally. Residents of Jamestown are in luck. This is a town that embraces the four seasons. Far from hiding inside when the snow comes, residents are often out ice fishing, riding snowmobiles or cross-country skiing. In summer, the 21 stocked lakes provide plenty of fishing. When it's time to go out to eat, try Buffalo City Rotisserie Grill for great food in an historic building. Los Molcajetes is a local favorite for great Mexican food. After dinner, check out the latest Hollywood films at Bison 6 Cinemas, or knock the pins over at Buffalo Lanes.