Rent to own Homes in Portsmouth, OH
The scenic river town of Portsmouth, Ohio is as charming as it is beautiful. Situated along the rolling Ohio River directly across from the Kentucky border, Portsmouth is home to a pretty landscape and thriving downtown area featuring locally run boutiques and restaurants. With history-rich museums and art-lined streets, Portsmouth is a lovely place to call home.
Portsmouth, OH is a great place for affordable rent-to-own homes! With a median household income of over $31,117 and a median rent of $579, the Portsmouth, OH 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 Portsmouth, OH. 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 Portsmouth, OH Property Resources
Rent to own Homes in Cities Near Portsmouth, OH
- Argillite
- Beaver
- Bellefonte
- Blue Creek
- Clarktown
- Flatwoods
- Franklin Furnace
- Friendship
- Garrison
- Greenup
- Hanging Rock
- Ironton
- Lucasville
- McDermott
- Mc Dermott
- Minford
- New Boston
- Otway
- Pedro
- Piketon
- Portsmouth
- Quincy
- Raceland
- Rarden
- Rosemount
- Russell
- Sciotodale
- South Portsmouth
- South Shore
- South Webster
- Stockdale
- Stout
- Waterloo
- Waverly
- West Portsmouth
- Wheelersburg
- Worthington
- Wurtland
Neighborhoods in Portsmouth, OH
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Portsmouth, OH is seeing rapid growth and Portsmouth, OH's' housing market remains optimal with an average home price that is -65% below the 2024 national average. Portsmouth, OH is part of Scioto 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 Scioto is 1.05% which is above the national average, which is 0.99%.
Median Home Price in Portsmouth, OH
Median Rent in Portsmouth, OH
Top 7 Reasons to Live in Portsmouth, Ohio
Distinct neighborhoods! Portsmouth has a diverse collection of homes for rent. Whether you desire a house with historical architecture or one that offers modern amenities, the city has you covered. The Rosemount neighborhood features more residential homes and rent to own houses, while the Boneyfiddle Historic District is home to stunning architecture that provides a glimpse at Portsmouth's past. In addition, the median home value here is almost 60 percent less than the national average, and rental rates run approximately 42 percent less than the national average.
Great Home Investments! The home appreciation rate in Portsmouth is over twenty percent in the last ten years, so now is a great time to make a long-term investment. Try the Sciotoville neighborhood or the area around Gallia Street for high appreciation rates.
Outdoor recreation! With an impressive 14 city parks, Portsmouth offers its locals plentiful outdoor activities such as hiking, boating and camping. Travel the trails at Bannon Park or enjoy Alexandria Park's river views.
Riverside murals! Talented muralist Robert Dafford's work can be seen along the city's flood walls. The paintings, which feature details of the area's cultural significance and history, span 2,200 feet and add color and life to the downtown scene. The murals' subjects include personalities such as Shawnee leader Tecumseh and athlete Jim Thorpe, and many more focus on early travel via railroads and stagecoaches.
Cultural richness! The city's Southern Ohio Museum boasts more than 60 exhibits featuring fascinating artifacts and both local and celebrity artwork (with some pieces by celebrated author Jesse Stuart as well as Clarence Holbrook Carter).
Festivals galore! The city's annual Roy Rogers Festival and Portsmouth River Days bring excitement to locals and visitors alike. With food, activities and a host of vendors, Portsmouth is constantly thriving with concerts and festivities.
Great eats! From the Irish-themed Port City Cafe and Pub to Melini Cucina's Italian fare, Portsmouth has more than enough dining venues to keep its residents satisfied. Downtown Main Street is practically filled with charming local eateries like the Chilli Street Deli and Market Street Cafe.