Rent to own Homes in Burton, MI
Located 60 miles north of Detroit, Burton, Michigan, is a welcome respite from big city life. Burton offers nature trails, the Kelly Lake Park, a golf course and a year-round, indoor ice-skating arena. Originally an agricultural community, modern-day Burton offers an ideal mix of suburban and outdoor life. Residents enjoy the 380-acre For-Mar Nature Preserve and Arboretum, which houses the DeWaters Education Center and Corydon E. Foot Bird Collection. Burton's easy freeway access simplifies city commutes.
Burton, MI is a great place for affordable rent-to-own homes! With a median household income of over $48,174 and a median rent of $810, the Burton, MI 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 Burton, MI. 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 Burton, MI Property Resources
Rent to own Homes in Cities Near Burton, MI
- Argentine
- Bancroft
- Beecher
- Birch Run
- Bridgeport
- Burt
- Burton
- Byron
- Clarkston
- Clio
- Corunna
- Davisburg
- Davison
- Durand
- Fenton
- Flint
- Flushing
- Frankenmuth
- Gaines
- Goodrich
- Grand Blanc
- Hartland
- Highland
- Holly
- Lake Fenton
- Lennon
- Linden
- Millington
- Montrose
- Mount Morris
- New Lothrop
- Ortonville
- Otisville
- Otter Lake
- Swartz Creek
- Vernon
- White Lake
Neighborhoods in Burton, MI
Greater Flint rent to own homes Atherton Gardens rent to own homes Burton Gardens rent to own homes Baker Park rent to own homes Durant Heights rent to own homes Webber Place rent to own homes Stratmoor rent to own homes Chambers rent to own homes Bendlecrest rent to own homesPopular Zip Codes in Burton, MI
48529 rent to own homes 48509 rent to own homes 48519 rent to own homesBuying a Home in Burton, MI
Burton, MI is seeing rapid growth and Burton, MI's' housing market remains optimal with an average home price that is -56% below the 2024 national average. Burton, MI is part of Genesee 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 Genesee is 1.65% which is above the national average, which is 0.99%.
Median Home Price in Burton, MI
Median Rent in Burton, MI
Top 4 Reasons to Move to Burton, MI
Enjoy small-town charm! While Burton is located a short distance from several large metropolitan areas, residents prefer Burton for its quaint charm. This city of 30,000 is far from big-city congestion and noise. It boasts plenty of green space, thanks to places like Kearsley Park and Veteran's Memorial Park. The city's Park & Recreation department hosts an annual Easter egg hunt, car show, fireworks show, and Christmas and Memorial Day parades. If you long to meet your neighbors, Burton makes that easy!
Growing jobs market! Burton's current unemployment rate is 6.1 percent -- 0.2 percent lower than the national average of 6.30 percent! In recent years, Burton's job market has grown by 0.69 percent. Leading employers include Genesys Health Systems, Glen Burton Academy, H&R Block, and restaurants like Bubba O'Malleys and stores like Nehring's market.
Burton home values are steady and growing! Burton property values appreciated by 8 percent in 2014. The median cost of $55,300 continues to rise. Homes in Burton include three- to four-bedroom houses on acre-plus lots in neighborhoods like Baker Park and starter homes in subdivisions like GreenLawn, where buyers enjoy the option to own or rent to own. Those seeking rental options will find apartments and townhouses for rent in places like Kings Lane Apartment Homes.
High home ownership and occupancy rates! One way to measure the health of a community is the number of homes that remain occupied on a regular basis. Burton ownership and occupancy rates remain high. Currently, almost 80 percent of all homes owned in Burton are owner-occupied. That's 10 percent higher than the Michigan average, and almost 20 percent higher than the national average. Approximately 18 percent of Burton homes are renter-occupied, and less than 5 percent of homes in the area are vacant. Subdivisions like Pine Creek Estates and Farahs Eastgate have such low available housing inventory that when a house hits the market, it sometimes generates a bidding war!