Rent to own Homes in Mustang, OK
Sometimes it's difficult to figure out whether a town grew simply because it was nearby another town. This definitely isn't the case with Mustang. During the 1960s, people started using the city as a bedroom community for Oklahoma City. After all, isn't it enjoyable to be near the big city without having to worry about crowds and congestion? Between 1960 and 1970, the city's population grew by over 1,200 percent.
Mustang, OK is a great place for affordable rent-to-own homes! With a median household income of over $74,980 and a median rent of $1,059, the Mustang, OK 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 Mustang, OK. 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 Mustang, OK Property Resources
Rent to own Homes in Cities Near Mustang, OK
- Arcadia
- Bethany
- Blanchard
- Bridge Creek
- Choctaw
- Cole
- Del City
- Dibble
- Edmond
- El Reno
- Forest Park
- Goldsby
- Guthrie
- Harrah
- Jones
- Lake Aluma
- Middleberg
- Midwest City
- Minco
- Moore
- Mustang
- Newalla
- Newcastle
- Nichols Hills
- Nicoma Park
- Noble
- Norman
- Oklahoma City
- Piedmont
- Purcell
- Smith Village
- Spencer
- The Village
- Tuttle
- Union City
- Valley Brook
- Warr Acres
- Washington
- Woodlawn Park
- Yukon
Neighborhoods in Mustang, OK
Canadian Estates rent to own homesPopular Zip Codes in Mustang, OK
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Mustang, OK is seeing rapid growth and Mustang, OK's' housing market remains optimal with an average home price that is -20% below the 2024 national average. Mustang, OK is part of Canadian 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 Canadian is 0.94% which is below the national average, which is 0.99%.
Median Home Price in Mustang, OK
Median Rent in Mustang, OK
Top 3 Reasons to Call Mustang, OK Home
Great value in homes! Over the past five years, most housing markets in America took a hit. This wasn't the case with Mustang. While the rest of America saw a nearly 5 percent drop in home values, Mustang saw a gain of more than 3 percent. Over the past decade, home values have risen nearly 25 percent and are still heading up. This means anyone who is looking at rent to own houses or other properties will be making a great investment for the future. Try to get a place with a pretty view, such as near Meadow Brook Park or further north near Wild Horse Park.
No need to go into the city! One of the common features of bedroom communities is the need to commute into the larger city to have any fun. This simply isn't the case in Mustang. If you're looking for an amazing restaurant that serves a variety of drinks, A and E Grill is the place for you. Just want to have a fun night out with friends? The Silver Stallion has you covered, and make sure you head there for their Sunday Funday specials. Just want to sit down and relax? LD's Specialties and Gourmet Cafe has some of the best coffee and desserts you'll ever try.
Low cost homes with great property taxes! Even with the steady increase in housing values over the past decade, the average house price in Mustang is still nearly 20 percent below the national average. In addition to what you'll be saving on housing costs, you'll also be paying a property tax rate that is 18 percent lower than the national average. This combined with low housing costs means a substantial amount of savings. Whether you use this for a day trip up Highway 152 to Oklahoma City or for weekly trips to the West End Pointe 8 theater in Yukon, you'll never have to feel bad since you earned a little fun through great financial choices.