Rent to own Homes in Marshfield, WI
As the largest city in Wood County, Marshfield has a population of 19,118. Considered extremely livable, Marshfield has been named the best town in Wisconsin and the 8th best "Dream City" in the United States. Known for the iconic red barn in the center of the city that is the largest round barn in the world, Marshfield offers numerous parks for hiking, walking and playing sports.
Marshfield, WI is a great place for affordable rent-to-own homes! With a median household income of over $52,322 and a median rent of $685, the Marshfield, WI 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 Marshfield, WI. 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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Marshfield, WI is seeing rapid growth and Marshfield, WI's' housing market remains optimal with an average home price that is -36% below the 2024 national average. Marshfield, WI is part of Wood 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 Wood is 1.78% which is above the national average, which is 0.99%.
Median Home Price in Marshfield, WI
Median Rent in Marshfield, WI
Top 5 Reasons to Live in Marshfield, WI
Vibrant Arts and Culture Scene! Located in a historic church that has been beautifully restored, the Chestnut Center for the Arts is the premier destination for anything artistic from the stage to a painter's studio. Every year, the Vox Concert Series at the Center invites musicians from across the country to perform. Additionally, residents are welcome to attend theater performances at the University of Wisconsin Marshfield campus.
Numerous Points of Interest and Local Attractions! Built in 1916, Marshfield is home to a red fairground barn that has been given the apt name of "The World's Largest Round Barn." Since 1997, the barn has best listed on the National Register of Historic Places. Escape to the prehistoric era with a trip back in time at Jurustic Park. Here, visitors can tour an elaborate display of the extinct animals that once occupied the property of Marshfield.
Great Local Restaurants! Currently the top rated restaurant in Marshfield, the Blue Heron Brew Pub serves up delicious American fare like a locally sourced burger with Wisconsin cheese. Wash it down with a pint of their specially brewed beer. For an explosion of flavor, the Lumberyard Bar and BBQ is known for their mouth watering baby back ribs. No matter what style BBQ you order, be sure to ask for their signature mac and cheese with bacon and homemade cornbread.
Rising Home Values! Since February 2013, the median home value in Marshfield has risen from 125,000 to $137,800. With Zillow predicting that home values in the city will continue to increase 1.3% in the next year, there has never been a better time to consider a rent to own property. The neighborhoods of Bethel and Nasonville offer the most value for the money.
Rent is Inexpensive! As if moving was not already overwhelming, having to purchase a home sight unseen can be downright terrifying. As a result, more and more buyers are choosing to rent first in an effort to learn their favorite areas of their new city. In Marshfield, the median rent price is $850 which is significantly less than the state of Wisconsin at $1020.