Rent to own Homes in Sun Valley, NV
Located just north of Reno, Sun Valley is a growing community of 20,000 residents. Sun Valley is considered one of the most desirable cities in the state for outdoor recreation lovers because of the easy access to nearby mountains for skiing, snowboarding and other winter sports. When residents aren't enjoying the great outdoors, Sun Valley features a growing local economy that is spurred by local businesses and a stable housing market where home values are on the rise.
Sun Valley, NV is a great place for affordable rent-to-own homes! With a median household income of over $56,503 and a median rent of $988, the Sun Valley, NV 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 Sun Valley, NV. 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 Sun Valley, NV
Neighborhoods in Sun Valley, NV
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89433 rent to own homesBuying a Home in Sun Valley, NV
Sun Valley, NV is seeing rapid growth and Sun Valley, NV's' housing market remains optimal with an average home price that is -12% below the 2024 national average. Sun Valley, NV is part of Washoe 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 Washoe is 0.64% which is below the national average, which is 0.99%.
Median Home Price in Sun Valley, NV
Median Rent in Sun Valley, NV
Top 5 Reasons to Live in Sun Valley, NV
Terrific Skiing! Sun Valley claims to be America's first destination ski resort at nearby Bald and Dollar Mountains. Reside at one of the numerous hotels nestled in the foothills of the mountains and wake up each day to fresh powder. When you're not participating in downhill skiing, Sun Valley is home to some of the best cross-country ski and snowshoeing trails in the state. Consider staying at the Royal George Cross Country Ski Resort to get an all-inclusive experience.
Numerous Parks! Located on 7th Avenue, Sun Valley Regional Park offers two reservable group picnic pavilions that can accommodate a party of up to 50 guests; five recreational sports fields; and 20 acres of hiking trails. For a hike that takes you to the highest point in the city, head to Red Hill. To get to the top, be prepared for a three hour challenging walk and be sure to bring plenty of energy bars.
Excellent Restaurants! What's better than eating a delicious meal? How about enjoying a mouth watering grass-fed beef cheeseburger while gambling at the in-house casino? Well, at Hobey's Restaurant & Casino on Sun Valley Blvd you can do all that and more. Or, head to La Gloria for the best Mexican food in the city.
Rent Below the Norm! Because moving to a new city is already overwhelming, many people relocating to Sun Valley will want to consider a rent to own property before making the decision to put down their roots. Renting can be costly, but in Sun Valley the median rent price is just $1100, which is significantly less than the median rent price in Reno of $1250. The most desirable properties are in neighborhoods like the Town Center and Klondike Drive.
Home Values Soaring High! Median home values have skyrocketed 13.1% in 2014 and show no signs of stopping, with experts predicting that the figure will grow 3.3% above the current value of $170,400 in the next year. Score a great deal on a property in an area like Jim Denning Way or E 9th Ave.