Rent to own Homes in Eugene, OR
Eugene, Oregon, is a great place for outdoor enthusiasts. The city has facilities for biking, jogging, rafting, and kayaking right in the middle of a beautiful natural setting. Eugene has a population of 156,185 and is home to the University of Oregon.
Eugene, OR is a great place for affordable rent-to-own homes! With a median household income of over $52,689 and a median rent of $1,075, the Eugene, 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 Eugene, 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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Rent to own Homes in Cities Near Eugene, OR
Neighborhoods in Eugene, OR
Laurel Hill rent to own homes Amazon rent to own homes Cal Young rent to own homes Downtown rent to own homes Fairmont rent to own homes Friendly rent to own homes Harlow rent to own homes Southeast Eugene rent to own homes University rent to own homes West Eugene rent to own homesPopular Zip Codes in Eugene, OR
97440 rent to own homes 97403 rent to own homes 97404 rent to own homes 97401 rent to own homesBuying a Home in Eugene, OR
Eugene, OR is seeing rapid growth and Eugene, OR's' housing market remains not optimal with an average home price that is 40% above the 2024 national average. Eugene, OR is part of Lane 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 Lane is 0.86% which is below the national average, which is 0.99%.
Median Home Price in Eugene, OR
Median Rent in Eugene, OR
Top Reasons to Live in Eugene OR
Housing Statistics Eugene is an affordable city with a mix of housing types. Because it is home to the University of Oregon, a large percentage of homes (47.4) are rented, while home ownership stands at 47.6 percent. The vacancy rate is only 5 percent, so finding a home might take some time. The median sale price for a home in Eugene is $238,500, an increase of 10.9 percent from July 2013 to August 2013, while home sales increased to 545 (23.6 percent).
Nightlife Nightlife in Eugene can be a wildly entertaining affair. Nightclubs, bars, restaurants, variety shows, stand-up comedians, and movie theaters all add to the entertainment scene. Many of the entertainment venues are located in close proximity to one another, so you can easily walk. For all-day happy hour, visit Cowfish Lounge and Dance Club. Jameson's Bar and Lounge serves martini specials as their calling card, and they also have billiards tables for customers. The Davis runs a restaurant during the day and a high-class nightclub at night. The Horsehead is another sweet local spot, and it can be a great place to rest your weary head after a long night of dancing at the Rok. To conclude your weekend, try picking up some food late at night at Oakstreet Speakeasy to go with your last drink of the night. To top things off, Oakstreet usually has a variety of live music on Friday and Saturday nights.
Local Sports Football is a special sport in the heart of Eugene residents. There is a strong rivalry between the University of Oregon Ducks, Oregon State University Beavers, and the University of Washington Huskies, so you better be ready to pick a side. Local games are played at Autzem Stadium, which can seat up to 54,000. Many world-class track athletes, including Steve Prefontaine, got their start at the University of Oregon's Hayward Field Track, so if you're interested in the speedier sportsmen, it's worth checking out.
Neighborhoods The city of Eugene has many unique neighborhoods. They contain a mix of housing types, and many of them will have rent-to-own opportunities.