Rent to own Homes in Stow, OH
Located in Summit County, just 30 minutes from Cleveland, Ohio, Stow is a suburban area near Akron. Stow is a part of the Western Reserve, which is evident from the historic buildings located in the downtown area. Known for its rolling hills and picturesque landscape, Stow is an upscale community. The city has its own moderately-sized retail and industrial industry. The close proximity to the urban setting of Akron has encouraged the growth of the city to more than 34,800 people
Stow, OH is a great place for affordable rent-to-own homes! With a median household income of over $76,883 and a median rent of $1,009, the Stow, 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 Stow, 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 Stow, OH Property Resources
Rent to own Homes in Cities Near Stow, OH
- Akron
- Atwater
- Aurora
- Bedford Heights
- Bentleyville
- Boston Heights
- Broadview Heights
- Canton
- Clinton
- Cuyahoga Falls
- Cuyahoga Heights
- Doylestown
- East Canton
- Fairlawn
- Glenwillow
- Green
- Greentown
- Hudson
- Independence
- Lakemore
- Limaville
- Louisville
- Mantua
- Maple Heights
- Marlboro
- Marshallville
- Massillon
- Medina
- Middlebranch
- Mogadore
- Munroe Falls
- Navarre
- New Franklin
- North Industry
- Norton
- Orrville
- Portage Lakes
- Reedurban
- Reminderville
- Richville
- Sawyerwood
- Sharon Center
- Solon
- Stow
- Streetsboro
- Suffield
- Sugar Bush Knolls
- Twinsburg Heights
- Uniontown
- Woodmere
Neighborhoods in Stow, OH
Stow rent to own homesPopular Zip Codes in Stow, OH
44224 rent to own homesBuying a Home in Stow, OH
Stow, OH is seeing rapid growth and Stow, OH's' housing market remains optimal with an average home price that is -12% below the 2024 national average. Stow, OH is part of Summit 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 Summit is 1.53% which is above the national average, which is 0.99%.
Median Home Price in Stow, OH
Median Rent in Stow, OH
Top 3 Reasons to Live in Stow, OH
Home prices are more affordable! Home prices in Stow, Ohio have fallen by 5.6 percent from August of 2013 to August of 2014. For those who wish to live in or near Pambi Farm Estates or Rose Run, it is still possible to find highly affordable homes within this area due to these dropping rates. Property types range from large estates to small homes, apartments, and condos. With a lower median sale price than several of the larger communities nearby, Stow remains an affordable option for many people.
You'll have access to the Summit County MetroParks! The MetroParks, one of the largest green areas in the state, runs partially through Stow. You will have access to rollerblading and biking along the provided paths. Stop by Silver Lake. There, you can spend some time fishing or boating on your small watercraft. During the summer, visit the north portion of the MetroParks. This is where Brandywine Falls is located. This is a large hiking and rock climbing area. During the winter months, it becomes a small tourism-draw for the cross-country skiing facilities. For additional outdoor relaxation, the area is home to the 18-hole golf course called Rose Run Country Club. It was voted the 18th most challenging golf course in the northeastern portion of the state by the Ohio Golf Association. Fox Den Golf Course is also located in this area. Rent to own houses here provide you with close proximity to desirable outdoor activities.
A high home occupancy rate and available rental property! In Stow, the housing occupancy rate is at a high level of 95.84 percent. The area's rental vacancy rate is also high at 6.4 percent, meaning rental homes are available to those who wish to move into the area. Living in an area with a high occupancy rate is often desirable especially with amenities such as Adell Durbin Park or Silver Springs Park in your backyard. However, with an above-4 percent vacancy rate, home buyers can still find affordable housing options to move into the area.