Rent to own Homes in Forest Grove, OR
The town of Forest Grove was founded in 1849, and was named after the grove of white oaks and Douglas fir trees that grew on a knoll beside the community. The city's long standing dedication to its stately trees has given it the nickname "Tree City, USA." It is also home to the largest Sequoia tree in the state, which measures an impressive 152 feet in height.
Forest Grove, OR is a great place for affordable rent-to-own homes! With a median household income of over $69,513 and a median rent of $1,152, the Forest Grove, 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 Forest Grove, 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.
More Forest Grove, OR Property Resources
Rent to own Homes in Cities Near Forest Grove, OR
- Boring
- Cedar Hills
- Cedar Mill
- Cherry Grove
- Clackamas
- Donald
- Dundee
- Dunthorpe
- Durham
- Fairview
- Felida
- Forest Grove
- Garden Home-Whitford
- Gladstone
- Gresham
- Happy Valley
- Hazel Dell
- Hillsboro
- Hubbard
- Jennings Lodge
- Johnson City
- King City
- Lake Oswego
- Maywood Park
- Metzger
- Milwaukie
- Molalla
- Mulino
- Newberg
- Oak Grove
- Oak Hills
- Oatfield
- Oregon City
- Portland
- Raleigh Hills
- Ridgefield
- Rivergrove
- Rockcreek
- Scappoose
- Sherwood
- Stafford
- St. Helens
- St. Paul
- Tigard
- Troutdale
- Tualatin
- West Linn
- West Slope
- Wilsonville
- Woodburn
Neighborhoods in Forest Grove, OR
Northwest Forest Grove rent to own homes Historic Downtown Forest Grove rent to own homes Walker Naylor District rent to own homes Clark District rent to own homes Forest Grove rent to own homes Painter's Woods District rent to own homesPopular Zip Codes in Forest Grove, OR
No zip codes foundBuying a Home in Forest Grove, OR
Forest Grove, OR is seeing rapid growth and Forest Grove, OR's' housing market remains not optimal with an average home price that is 59% above the 2024 national average. Forest Grove, OR is part of Washington 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 Washington is 0.93% which is below the national average, which is 0.99%.
Median Home Price in Forest Grove, OR
Median Rent in Forest Grove, OR
Top 4 Reasons to Live in Forest Grove, OR
Ideal location for recreation! Forest Grove boasts a growing population of under 20,000 residents. It sits only 24 miles from the metropolis of Portland. Despite its proximity to the big city, local residents are always close to nature and recreational opportunities. The Tillamook State Forest borders the town and has over 50 miles of hiking, biking and horseback riding trails. The city's Intertwine Trail System connects to even more hiking, walking, jogging and biking trails.
Rising real estate prices and growing neighborhoods! Homes in Forest Grove have undergone some of the highest appreciation rates in the United States over the last decade, with the average rate at over 47 percent. The city is considered one of the best places in the nation for real estate investment potential because of those rising home values. The historic neighborhoods of Clark and Walker-Naylor have become highly desirable locations for home seekers to find a stately Victorian home.
History comes alive! Forest Grove's downtown district has been listed on the Historic Register. Small neighborhood antique stores line the streets, including Corner Antiques and Collectables and Heirloom Antiques.
Advanced learning opportunities! Forest Grove is home to Pacific University and Portland Community College, both of which draw numerous students to the area looking to rent or purchase a home. Approximately 57 percent of the homes in the area are single family residences and 54 percent of that number are owner occupied. Many home seekers in the town turn to the available rent to own options, which offer a flexible solution for those who may not be able to afford an outright purchase. Be aware that apartment rentals are often hard to find. Only 19 percent of the homes available for rent in Forest Grove are apartments in complexes.