Rent to own Homes in Dallas, OR
The settlement that would become Dallas was originally called Cynthiana. The new name was chosen to honor the vice president under James Polk, George Dallas. Polk, by the way, is the name of the county that Dallas is in. Today, around 15,000 people live here. Dallas is situated in picturesque oak-covered hills and farm fields. Only about an hour's drive from the Oregon Coast and near the mountains, there are plenty of recreation opportunities.
Dallas, OR is a great place for affordable rent-to-own homes! With a median household income of over $58,398 and a median rent of $925, the Dallas, 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 Dallas, 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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Dallas, OR is seeing rapid growth and Dallas, OR's' housing market remains not optimal with an average home price that is 17% above the 2024 national average. Dallas, OR is part of Polk 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 Polk is 0.96% which is below the national average, which is 0.99%.
Median Home Price in Dallas, OR
Median Rent in Dallas, OR
5 Reasons to Love Living in Dallas, Oregon
Attractive home prices! The late 2014 median sales price of $180,000 was down 7.7% from the year before. That means Dallas is still a buyer's market, where sellers could be very receptive to offers for rent to own houses. Residents can live close to Highway 22 if they are commuting to Salem or settle down on a property along Ellendale or Oakdale Road out to the west, where town gives way to rolling hills and the foothills of the Coast Range Mountains.
World class wineries! Located near the southern edge of Oregon's primary wine country, this city is close to outstanding wine producers. Van Duzer Vineyards on Smithfield Road is in beautiful hill country and just outside of town. Another great choice is Chateau Bianca Winery on Highway 22. Sample a fabulous Oregon pinot noir in a beautiful setting.
Basket Slough! Located just outside of Dallas, Basket Slough National Wildlife Refuge is home to a myriad of bird species and animals in a lovely natural setting only about a mile out of the city. In town, Dallas City Park offers creekside hiking and exploring. There are great picnic spots in the trees.
Wide range of housing choices! Find large home parks on the east of SE LaCreole Drive or look for newer homes in the neighborhoods near SW Wyatt St. and Kingsborough Park. Along Kings Valley Highway and SE Washington St. are areas where buyers can find bungalow-style homes near the historic downtown area. While downtown, check out a movie at the charmingly retro Fox Theatre.
Aquatic Center! The Dallas Aquatic Center is a fairly new and state-of-the-art public swimming facility. With five pools, a water slide and other attractions, it's a local hot spot for recreation. The Aquatic Center is in Roger Jordan Community Park which has tennis and basketball courts, soccer and baseball fields and a skate park. It's also near LaCreole Sports Complex, which along with Lyle Sports Complex, provides numerous facilities to enjoy sport and fitness activities.