Rent to own Homes in King of Prussia, PA
With a population size just shy of 20,000 people, King of Prussia, part of the Upper Merion Township, is a medium-sized town located northwest of Philadelphia. The town was named after the King of Prussia Inn, which was an important resting place for travelers in the 1700s. Those who enjoy a change in seasons will appreciate the area's season high and low of 81 and 60 degrees in summer and 32 and 17 degrees in winter.
King of Prussia, PA is a great place for affordable rent-to-own homes! With a median household income of over $97,349 and a median rent of $1,593, the King of Prussia, PA 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 King of Prussia, PA. 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 King of Prussia, PA Property Resources
Rent to own Homes in Cities Near King of Prussia, PA
- Abington
- Ambler
- Arcadia University
- Audubon
- Bala Cynwyd
- Bridgeport
- Brittany Farms-The Highlands
- Bryn Athyn
- Chalfont
- Cheltenham Village
- Conshohocken
- Dresher
- Eagleville
- Elkins Park
- Fort Washington
- Glenside
- Gwynedd
- Harleysville
- Hatboro
- Hatfield
- Haverford College
- Hilltown
- Horsham
- Huntingdon Valley
- Jenkintown
- Kimberton
- King of Prussia
- Kulpsville
- Mont Clare
- Narberth
- New Britain
- Norristown
- Oreland
- Pennsauken
- Penn Wynne
- Perkiomenville
- Plymouth Meeting
- Pughtown
- Rockledge
- Roslyn
- Skippack
- Spring House
- Swedeland
- Telford
- Trooper
- Trumbauersville
- Warminster
- Willow Grove
- Woxall
- Wyncote
Neighborhoods in King of Prussia, PA
King Of Prussia rent to own homesPopular Zip Codes in King of Prussia, PA
19406 rent to own homesBuying a Home in King of Prussia, PA
King of Prussia, PA is seeing rapid growth and King of Prussia, PA's' housing market remains not optimal with an average home price that is 50% above the 2024 national average. King of Prussia, PA is part of Montgomery 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 Montgomery is 1.29% which is above the national average, which is 0.99%.
Median Home Price in King of Prussia, PA
Median Rent in King of Prussia, PA
Top 5 Reasons to Live in King of Prussia
One of the largest malls in the United States! The King of Prussia Mall, located just east of Valley Forge Historical Park, offers over 2,391,000 square feet of retail space and 400 stores, making it the largest shopping mall in the country. Some of the larger retailers at the mall include Nordstrom, Neiman Marcus, Macy's and Bloomingdale's. The mall also features a number of high-end restaurants including Morton's The Steakhouse and Seasons 52.
Enjoy a day on the Schuylkill River! The majestic Schuylkill River, which borders the northern edge of King of Prussia, is a popular spot for rowing enthusiasts. Those who prefer to stay on land can enjoy a walk along the Schuylkill River Trail and take in the view of the beautiful river bank.
Easy access to major highways! King of Prussia is well connected to the broader Pennsylvania area due to its proximity to four major highways: the Schuylkill Expressway, Pennsylvania Turnpike, U.S. 422 and U.S. 202. This makes it possible to travel from King of Prussia to Philadelphia in under 30 minutes without traffic.
Rising property values! The median sales price of properties in King of Prussia have risen from a low of $143,000 dollars in 2000 to its current value of over $250,000. Many homes for sale can be found in the neighborhoods of Belmont Terrace and Abrahams. If you're more in the market for an apartment, check out Abrams Run Apartments on Bill Smith Boulevard or Kingswood Apartments on Lewis Road.
Variety of real estate options! Those looking to buy, rent or rent to own will find everything from studio apartments to multi-bedroom houses throughout the town's various neighborhoods, each of which is home to a variety of community organizations. Local organizations include the King of Prussia Soccer Club, Theatre Horizon, King of Prussia's Indians Football, and the Upper Merion Marlins Aquatic Club.