Rent to own Homes in Mequon, WI
Mequon, Wisconsin is a prosperous Milwaukee suburb in southern Ozaukee County. It is the home of Concordia University, which is situated along Lake Michigan's shoreline. The temperate Wisconsin climate is further modified by the city's proximity to Lake Michigan, as winds off the lake can significantly cool the area on otherwise hot summer days. It's no wonder that Mequon's 21,000 residents call this small town home.
Mequon, WI is a great place for affordable rent-to-own homes! With a median household income of over $128,403 and a median rent of $1,708, the Mequon, 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 Mequon, 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.
More Mequon, WI Property Resources
Rent to own Homes in Cities Near Mequon, WI
- Bayside
- Big Bend
- Brookfield
- Brown Deer
- Butler
- Caledonia
- Cedarburg
- Cudahy
- Eagle Lake
- Elm Grove
- Elmwood Park
- Fox Point
- Franklin
- Franksville
- Germantown
- Glendale
- Grafton
- Greendale
- Greenfield
- Hales Corners
- Kansasville
- Lannon
- Menomonee Falls
- Mequon
- Milwaukee
- Mount Pleasant
- Muskego
- New Berlin
- North Bay
- Oak Creek
- Pewaukee
- Racine
- Raymond
- River Hills
- Saukville
- Shorewood
- Somers
- South Milwaukee
- Sturtevant
- Sussex
- Tichigan
- Union Grove
- Waukesha
- Waukesha Village
- Wauwatosa
- West Milwaukee
- Whitefish Bay
- Wind Lake
- Wind Point
- Yorksville
Neighborhoods in Mequon, WI
Solar Heights rent to own homesBuying a Home in Mequon, WI
Mequon, WI is seeing rapid growth and Mequon, WI's' housing market remains not optimal with an average home price that is 82% above the 2024 national average. Mequon, WI is part of Ozaukee 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 Ozaukee is 1.58% which is above the national average, which is 0.99%.
Median Home Price in Mequon, WI
Median Rent in Mequon, WI
Top 4 Reasons to Live in Mequon
Pleasurable parks! Outdoor recreation is abundant in Mequon. Those who settle in the southwestern part of the community enjoy the 41-acre Lemke Park and its archery range, ball diamonds, volleyball courts and soccer fields. Residents choosing homes in eastern Mequon can fish, canoe and kayak in the Milwaukee River via the canoe launch in Garrison's Glen. Scout Park provides a scenic hiking trail and access to the river. Those that select homes for rent in the western part of the city have another waterway to enjoy--the Little Menomonee River.
Wide range of rentals! With a gross median rent of $1,292, local renters can expect to pay top dollar for their new abode. Duplexes and rental homes can be found near Thiensville, a one square-mile village completely surrounded by Mequon. Just south of the village are residences, including some rent to own homes, in close proximity to top golf courses like Ozaukee Country Club and North Shore Country Club.
Award-winning Fairways! There's the unique Missing Links Golf Course, a nine-hole executive course that golfing great Jack Nicklaus helped to design and USA Today named the dynamic layout to its list of the top 10 par-3 courses in America. Golfers in Mequon can benefit from a lighted range with heated stalls and a 24/7 automatic ball dispenser. Foot golf, a unique combination of soccer and golf, has come to Missing Links as well. The River Club of Mequon offers 27 holes on three different sets of nines.
Real growth in real estate! Mequon's population has increased 6% since the year 2000 and the median house price is $268,100, which is 4.1% higher than one year ago. In the western part of Mequon, there are modern subdivisions that contrast with occasional century-old farm houses near the historic settlement of Freistadt, now incorporated into the city. Those wanting to live near Lake Michigan can look for a home near Virmond Park, which is situated along the shoreline.