Rent to own Homes in Millcreek, UT
Hikers rejoice with Milcreek Canyon. With numerous trails, beautiful scenery and off-leash friendly dog areas, Millcreek Canyon stretches over nine miles. The Desolation Trailhead is one of the favorite local hikes.
Millcreek, UT is a great place for affordable rent-to-own homes! With a median household income of over $74,325 and a median rent of $1,149, the Millcreek, UT 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 Millcreek, UT. 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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Rent to own Homes in Cities Near Millcreek, UT
- Alpine
- Alta
- American Fork
- Bingham Canyon
- Bluffdale
- Bountiful
- Brighton
- Cedar Hills
- Cedar Valley
- Centerville
- Copperton
- Cottonwood Heights
- Draper
- Eagle Mountain
- Emigration Canyon
- Farmington
- Fruit Heights
- Granite
- Herriman
- Highland
- Holladay
- Kaysville
- Kearns
- Layton
- Lehi
- Lindon
- Magna
- Midvale
- Millcreek
- Murray
- North Salt Lake
- Park City
- Pleasant Grove
- Riverton
- Salt Lake City
- Sandy
- Saratoga Springs
- Silver Summit
- Snyderville
- South Jordan
- South Salt Lake
- Summit Park
- Taylorsville
- West Bountiful
- West Jordan
- West Valley City
- White City
- Woods Cross
Neighborhoods in Millcreek, UT
No neighborhoods foundPopular Zip Codes in Millcreek, UT
84124 rent to own homesBuying a Home in Millcreek, UT
Millcreek, UT is seeing rapid growth and Millcreek, UT's' housing market remains not optimal with an average home price that is 81% above the 2024 national average. Millcreek, UT is part of Salt Lake 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 Salt Lake is 0.67% which is below the national average, which is 0.99%.
Median Home Price in Millcreek, UT
Median Rent in Millcreek, UT
Top 14 Reasons to Live in Millcreek, UT
Foodies won't compromise taste and variety. Many ethnicities and regions are features in Millcreek's vibrant restaurant community. Between Mahider Ethiopian Restaurant, Skewered Thai, the Indian-flavored Katmandu and classic American Forage, you won't miss any cuisine with this wide variety, all within town.
Enjoy some of America's Best Skiing. Downhill skiers can enjoy the slopes in nearby Park City, Sundance, Snowbasin or Snowbird among many others. For those who prefer cross-country skiing, Millcreek has trails and enough snow to keep the adventure alive.
Housing is affordable! Housing prices continue to stay low due to the current market, with a median value of about $285,000. Not ready to purchase a home? Many houses are rent to own, directly by owners. With local neighborhoods like Canyon Rim and East Mill Creek booming, housing options are vast.
Gardeners and horticulturalists can enjoy the local green scene. The Red Butte Garden and Arboretum non-profit museum is open year-round, offering a variety of plants for each season. The Red Butte Garden includes wildlife tours to explore the local scenery and trails to venture around like Zeke's Mountain Trial.
Outdoor adventures extend beyond skiing. You don't have to be Lindsay Vonn to enjoy the local outdoor adventures. The Gallivan Center offers outdoor ice skating. Liberty Park offers volleyball courts, outdoor trails and paddle boats in the warmer weather.
Low cost of living. Enjoy living the quiet life in Millcreek, a suburb of Salt Lake City, instead of a bustling city. Plus, you can enjoy the low costs of homes compared to larger cities. Whether renting an apartment, buying a house or investigating rent to own homes, you'll find the perfect place to live without the high cost. Check around Fairclough Drive and Montclair Drive for homes of all kinds.
Nightlife is alive in Millcreek. You don't have to fear lack of nightlife in this suburb. The 5 Monkeys often host local bands playing for the crowds. The Garage has gigantic beers, fried potatoes and chicken, and an outdoor atmosphere perfect for a night out. Want to enjoy a different evening out, slightly quieter but still relaxing with adult beverages? Brewvies Cinema Pub combines the best of both worlds - movies with beer and food.
It's a buyer's market. The overflow of availability in the housing market's inventory leads to more choices and lower prices for potential buyers. Also, home sellers have become increasingly desperate, so you'll have more room to negotiate. Check the neighborhoods like Millcreek and Mt. Olympus for bargains.
Never be without sports sales. Keep up to date with the newest equipment at local retailers Level Nine Sports and Inkline Ski Boot Fitting.
Mortgage rates remain at historically low records. The median home cost here is about $169,000. If that sounds affordable to you, start looking for homes near South Park Street and East Malibu Drive.
Get your Oscar speech ready. Don't need to drink beer while watching the silver spring? Millcreek offers a variety of movies at the Broadway Centre Cinemas and Megaplex 17 at Jordan Commons.
Great home appreciation. Whether you are looking for rent to own houses or homes for purchase, you will be happy to know the appreciation rate is about 3.36%, which is about double the national average. Look for homes near South Old Farm Lane and Park Oak Place.
Yogis can find their Om. Whether you need to meditate or stretch out, you can exercise with the best of them. Stay active at Centered City Yoga or Salt Lake Power Yoga right in Millcreek.
There's always something to explore. The Gigal Sculpture Garden is Utah's mini version of Egypt with a variety of statues. DIYers can explore the local festival Craft Lake City to discover new arts and crafts. Whether it's a temporary show in town or local gem, Millcreek always has new gems.