Rent to own Homes in Forest Hills, MI
From mature forests to modern art museums, Forest Hills, MI, has something for everyone. Forest Hills is a suburb of Grand Rapids, which is the second-largest urban area in Michigan. Its location outside of Grand Rapids means that this community combines small-town, suburban charm with big-city entertainment and opportunities. This growing community has something for city-dwellers and nature enthusiasts alike, and it's a wonderful place for those seeking an affordable rent to own home.
Forest Hills, MI is a great place for affordable rent-to-own homes! With a median household income of over $130,646 and a median rent of $1,227, the Forest Hills, 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 Forest Hills, 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.
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Forest Hills rent to own homesPopular Zip Codes in Forest Hills, MI
49357 rent to own homes 49301 rent to own homes 49546 rent to own homesBuying a Home in Forest Hills, MI
Forest Hills, MI is seeing rapid growth and Forest Hills, MI's' housing market remains not optimal with an average home price that is 62% above the 2024 national average. Forest Hills, MI is part of Kent 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 Kent is 1.56% which is above the national average, which is 0.99%.
Median Home Price in Forest Hills, MI
Median Rent in Forest Hills, MI
Top 5 Reasons to Live in Forest Hills, MI
Affordable housing markets! As part of the Grand Rapids Metro Area, Forest Hills is consistently listed as one of the most affordable places to live. A wide variety of rental homes are available, including planned apartment communities and rent to own houses. The median home value in Forest Hills is currently $297,400, but the median sale price is significantly lower at $273,850. New residents can learn about the community and meet new neighbors at Forest Hills Foods, the local grocery and cafe.
Local arts scene! The new Forest Hills Public Schools Fine Arts Center provides locals with a 1,220 seat theater where members of the community can attend student-produced shows and performances by professional actors and artists. The lobby of the Fine Arts Center features multiple exhibits by both students and professionals. For the arts lover, Forest Hills Central High School regularly produces plays for the community, and the town's Community Services center offers arts classes for adults like oil painting and ballet.
Many housing options! Forest Hills offers a variety of options for new residents. The city is located on a river and has plenty of waterfront property. The city's planned developments provide modern housing options, while mid-century subdivisions have lots of space at economical prices. Commuters who want easy highway access may want to consider the southern neighborhoods near I-96. Reasonable home values can be found in the neighborhoods north of the Grand River, near Pettis Avenue.The northern neighborhoods are conveniently located near Zeytin Turkish Cuisine, a favorite local restaurant.
Fantastic School System Forest Hills is home to three schools that received gold, silver or bronze medals in U.S. News and World Report's Best High School Rankings: Central High School, Eastern High School and Northern High School. Forest Hills Central High is known for its quality theater program, while Northern High has an internationally known Model UN team.
Beautiful waterfronts! Both the Grand River and the Thornapple River run through Forest Hills, providing opportunities for fishing, boating, canoeing and other water sports. Residents can enjoy the water at Roselle Park or the Grand River Nature Area.