Rent to own Homes in Keizer, OR
Keizer is a charming Northwest town, positioned just north of Salem and adjacent to I-5, which grants swift access to Portland and Vancouver. With a population of about 36,000, this mid-sized Oregon town is rich with a sense of community and plenty of local events. Each year, residents get together for events such as the Turkey Dash run on Thanksgiving morning and Festival of Lights Holiday Parade in mid-December.
Keizer, OR is a great place for affordable rent-to-own homes! With a median household income of over $64,671 and a median rent of $1,096, the Keizer, 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 Keizer, 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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Keizer, OR is seeing rapid growth and Keizer, OR's' housing market remains not optimal with an average home price that is 29% above the 2024 national average. Keizer, OR is part of Marion 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 Marion is 1% which is above the national average, which is 0.99%.
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Top 3 Reasons to Live in Keizer, OR
New build homes available! While an inventory of previously owned homes is certainly available in Keizer, many prospective homeowners may be happy to learn that a variety of new build properties are also on the market. Many newly built homes are located in west Keizer, near Windsor Island Road North and Bowden Lane North. New homes in this community offer features that include hardwood floors, sleek kitchen appliances, open floor plans, and more. New houses offer the benefit of never-used fixtures and appliances, and customizations may be available.
A bounty of floral beauty! Keizer is blessed by a plethora of iris blooms. Every spring, in fact, the town celebrates its iris flowers with the popular Iris Festival. The event features a golf tournament, parade down River Road, bike ride, run, music, and more. A carnival has even been set up in the center of town, at Cherry and Manbrin Avenues, replete with games and rides including floating canoes. The event features a unique theme every year. In 2014, the Iris Festival boasted the jovial theme of "Dancing in the Streets." Shuttles are available to take people to and from the festival. Adults and kids are welcome to partake in the Iris Festival, which enjoys public support as well as private sponsors.
Value per square foot is on the rise! The average price per square foot of homes sold in Keizer is up nearly 2% between 2013 and 2014. This trend bodes well for rent to own home buyers and other new homeowners looking to build equity in their new property. Homes on the west side of town, near Cummings Lane North, and properties on the north side of town adjacent to Claggett Creek enjoy the highest sale price per square foot. Most homes in Keizer are single family residences, with square footage as spacious as 4,700.