Rent to own Homes in Central Point, OR
Central Point is located in Oregon's Jackson county, which shares its southern border with the town of Medford. The town's population was around 17,000 at the 2010 census, and it covers an area of nearly four square miles. The town's name comes from the fact that it was near the center of the Rogue Valley and was where two pioneer roads crossed. The town has gorgeous rural surroundings, so it is ideal for anyone who wants to live close to nature.
Central Point, OR is a great place for affordable rent-to-own homes! With a median household income of over $73,015 and a median rent of $1,076, the Central Point, OR 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 Central Point, OR. 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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Central Point, OR is seeing rapid growth and Central Point, OR's' housing market remains not optimal with an average home price that is 33% above the 2024 national average. Central Point, OR is part of Jackson 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 Jackson is 0.73% which is below the national average, which is 0.99%.
Median Home Price in Central Point, OR
Median Rent in Central Point, OR
Top 4 Reasons to Live in Central Point
There's a large percentage of rental properties! The percentage of properties that are occupied by renters is higher than both the national and the state average. This means that Central Point is an excellent city for renters, affording tenants a wider amount of choices when it comes to selecting a home. Popular neighborhoods to rent in include Seven Oaks and Four Corners.
The surroundings are stunning! If you enjoy nature and the great outdoors, then Central Point is the place for you. Not only is there some amazing city park land, such as the picturesque Flanagan Park or the gorgeous Twin Creeks Park, you're also in the middle of the breathtaking Rogue Valley and not far from a number of national forests, such as the Rogue River - Siskiyou National Forest.
You'll find plenty of entertainment! There is plenty to keep residents of Central Point entertained, no matter what they like to do. The Rogue Valley Family Fun Center, a gaming and amusement center suitable for people of all ages, is a popular entertainment venue, as are the Crater Rock Museum, Rogue Jet Boat Adventures and the Rogue Valley ZipLine Adventure. Those who prefer something less active could catch a movie at Cinemark Tinseltown or head to the Central Point Library.
Property is affordable! Whether you're looking to buy a house outright or rent to own, Central Point has some relatively affordable homes for sale. While the average sale price of properties in the town is slightly above the national average, it's about $30,000 lower than the average for the state of Oregon, which means real estate is extremely affordable for the area. If you're looking for a good deal, two of the most affordable areas in Central Point are South Front and the City Center.