Rent to own Homes in Pendleton, OR
Located along the Umatilla River, Pendleton is eastern Oregon's cultural center. This city is the birthplace of Pendleton Woolen Mills, and a large part of its economy in the past revolved around manufacturing shirts and blankets. Today, Pendleton is a flourishing community with attractions that display its rich history and diverse culture.
Pendleton, OR is a great place for affordable rent-to-own homes! With a median household income of over $54,834 and a median rent of $802, the Pendleton, 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 Pendleton, 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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Pendleton, OR is seeing rapid growth and Pendleton, OR's' housing market remains optimal with an average home price that is -11% below the 2024 national average. Pendleton, OR is part of Umatilla 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 Umatilla is 1.1% which is above the national average, which is 0.99%.
Median Home Price in Pendleton, OR
Median Rent in Pendleton, OR
Top 7 Reasons to Live in Pendleton, OR
Annual events! The festive atmosphere is almost tangible whenever the annual rodeo, the Pendleton Round-up, is around the corner. Different competitions, sidewalk sales, and parades are the major attractions of this event. The Festival of Trees is another annual event that residents look forward to. It is held every December as a fundraising event for the St. Anthony Hospital Foundation.
Blast from the past tours! History junkies will dig Pendleton's Underground Tours trip through the tunnels and brothel used by early Chinese immigrants who built the transcontinental railroad. Another point of interest is the Heritage Station Museum, which features interesting historical exhibits.
Affordable home prices! The average median house price in Pendleton has tracked lower than the national average. This means that people looking for rent to own homes are more likely to find good deals in this part of the country. Good neighborhoods to start the hunt in are the City Center as well as Rieth and Nolin.
Recreation galore! Residents take their sports seriously. That's why the city organizes an annual sports competition at the Pendleton Convention Center, the second most attended event after the Round-up rodeo. In addition, the city also has the Pendleton Aquatic Center, which features pools, water slides, a diving well, and picnic areas.
Homes of varying sizes! Whether you're looking for a spacious abode or a cozy crib, there's a property waiting for you in Pendleton. Houses in areas like Helix and SE Court Avenue range from small 1-bedroom apartments to large 4-bedroom houses.
Arts and culture overload! With local arts institutions like the Crow's Shadow Institution of the Arts and the Pendleton Center for the Arts, the city is a haven for artists. Likewise, the Tamastslikt Cultural Institute chronicles the fascinating tribal heritage of Native Americans, making it a cultural treasure.
Trails, trails, and more trails! Whether you're an explorer at heart or you just want a quick escape from the daily grind, Pendleton's hiking trails make a good getaway. The city has its own hiking trails in its parks and another walking trail on the River Parkway, along Umatilla River.