Rent to own Homes in Saratoga Springs, UT
Saratoga Springs, Utah is a city with a population of 21,137 as of the 2012 census and it is part of the Provo-Orem metropolitan area. The city was named for the natural hot springs located at the mouth of the nearby Jordan River. The area began life as a resort called Beck's Saratoga Springs and it was not incorporated as a city until 2001. The original resort had a public amusement park and facilities, but the area is now a private development.
Saratoga Springs, UT is a great place for affordable rent-to-own homes! With a median household income of over $101,592 and a median rent of $1,603, the Saratoga Springs, 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 Saratoga Springs, 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.
More Saratoga Springs, UT Property Resources
Rent to own Homes in Cities Near Saratoga Springs, UT
- Alpine
- Alta
- American Fork
- Bingham Canyon
- Bluffdale
- Bountiful
- Brighton
- Cedar Fort
- Cedar Hills
- Cedar Valley
- Copperton
- Cottonwood Heights
- Draper
- Eagle Mountain
- Emigration Canyon
- Erda
- Fairfield
- Granite
- Herriman
- Highland
- Holladay
- Kearns
- Lehi
- Lindon
- Magna
- Midvale
- Millcreek
- Murray
- North Salt Lake
- Ophir
- Orem
- Pleasant Grove
- Provo
- Riverton
- Salt Lake City
- Sandy
- Saratoga Springs
- South Jordan
- South Salt Lake
- Stansbury Park
- Taylorsville
- Tooele
- Vineyard
- West Jordan
- West Valley City
- White City
- Woods Cross
Neighborhoods in Saratoga Springs, UT
No neighborhoods foundPopular Zip Codes in Saratoga Springs, UT
84045 rent to own homesBuying a Home in Saratoga Springs, UT
Saratoga Springs, UT is seeing rapid growth and Saratoga Springs, UT's' housing market remains not optimal with an average home price that is 68% above the 2024 national average. Saratoga Springs, UT is part of Utah 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 Utah is 0.55% which is below the national average, which is 0.99%.
Median Home Price in Saratoga Springs, UT
Median Rent in Saratoga Springs, UT
5 Reasons to Live in Saratoga Springs, Utah
Beautiful lake-front setting and bountiful outdoor activities! The city has 20 parks, including Saratoga Hills Park and Marina Park. Each park has its own merits and abundant outdoor activities available, from walking trails to water sports and ball fields. Talons Cove Golf Course and The Ranches Golf Club offer abundant opportunities for golf and social activities. Saratoga Springs is located on the western side of Lake Utah, overlooking beautiful Mount Timpanogos, and the city takes full advantage of its gorgeous views and natural setting.
High wage area with above average housing value! The median household income in 2012 was $70,985 and the median housing value was $229,955. In the entire state, the median household income was $57,049 and the median house or condo value was $199,700. Among the many subdivisions are The Villages at Saratoga Springs and Stillwater at Saratoga Springs. Utah Lake Resort Community is a subdivision overlooking Utah Lake that offers year-round, resort-style amenities for residents.
Dine on delicious cuisine! Locals recommend Sean's Smokehouse BBQ and Grill, Village Pizza and Cafe El Lago. More local favorites include Tenney's Pizza, Won Won Wok, Yogurt Bliss and Viet Deli. Betos Mexican Food and Kneaders Cafe and Bakery are also tasty options for local diners.
Low property taxes! In 2012, the median real estate property taxes for homes with a mortgage was $1,554 and for housing units without a mortgage it was $1,515. Fox Hollow Subdivision, Harbor Bay and Western Hills are three subdivisions worth looking into if you want an affordable house in the area. Although they are not commonplace, rent-to-own houses can still be found in Saratoga Springs.
Lots of fun things to do! Marina Boat Launch and Bay is a big tourist attraction for the area, especially for boaters and fishermen. You can also check out the world-renowned Thanksgiving Point - a nonprofit complex with many gardens, an interactive farm, restaurant, petting zoo and the Museum of Ancient Life.