Rent to own Homes in Yankton, SD
Located in one of the southernmost areas of the state, Yankton offers the newcomer warmer climes than the rest of the state. The economy in this city is thriving, just like it did back when the Missouri River brought steamboat commerce and other developments to Yankton. It still gets cold and a bit snowy at times, but good weather and friendly people make Yankton a great place to call home.
Yankton, SD is a great place for affordable rent-to-own homes! With a median household income of over $54,278 and a median rent of $630, the Yankton, SD 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 Yankton, SD. 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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Yankton, SD is seeing rapid growth and Yankton, SD's' housing market remains optimal with an average home price that is -29% below the 2024 national average. Yankton, SD is part of Yankton 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 Yankton is 1.38% which is above the national average, which is 0.99%.
Median Home Price in Yankton, SD
Median Rent in Yankton, SD
Top 5 Reasons to Live in Yankton, South Dakota
Property values are rising! Over the last decade Yankton has had an overall property appreciation rate of more than 25 percent. Even the last few years have been good for house values. A couple of the best places to search for homes for sale are the Mount Marty College neighborhood and the Napa Junction area.It's hard to beat real estate with river views!
Many housing options! From full-size family homes to properties for rent, you can be sure to find something to suit your needs in this community. Try looking in the Downtown area and Eastside Drive for affordable rent to own homes.
Interesting local attractions! Yankton has more than 25 properties listed on the National Register of Historic Places. Two of the most popular are the beautiful Italianate Ohlman-Shannon House and the Governor Pennington House. History buffs will want to check out the Chicago, Milwaukee and St. Paul Depot, built in 1905, where the Pacific Railroad came through after steamboat service on the Missouri River declined.
Plenty of places to eat! Start your trek around town with a trip to Minerva's Grill and Bar, where the Cobb salads are as great as the burgers. If you are looking for the best steaks in town, head to the Black Steer Restaurant and order the rib-eye with extra sauce. For a relaxing atmosphere, try The Landing restaurant and Lounge, which hosts live music and other specials.
Great outdoor activities! There are plenty of outdoor activities to keep you entertained here. Golfers will line up to take a swing at the Hillcrest Golf and Country Club. There's something for everyone at Fantle Memorial Park, which boasts an outdoor pool, horseshoe pits, disc golf, sports fields, and more! If you love getting out on the water, try boating at the Lewis and Clark Recreational Center.