Rent to own Homes in Grandville, MI
First developed toward the end of the nineteenth century, and made a city in 1933, Grandville nestles by the banks of the Grand River in the southwest part of Kent County, Michigan, some eight miles to the southwest of Grand Rapids. One of the region's oldest areas, it played an important role in the state's logging industry, since people were needed in the bend of the river to stop logs from clogging it up as it made its way northwest in the direction of Grand Haven. Grandville could be ideal if you're looking for a rent to own home with a bit of history to it.
Grandville, MI is a great place for affordable rent-to-own homes! With a median household income of over $65,656 and a median rent of $842, the Grandville, 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 Grandville, 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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Rent to own Homes in Cities Near Grandville, MI
Buying a Home in Grandville, MI
Grandville, MI is seeing rapid growth and Grandville, MI's' housing market remains optimal with an average home price that is -18% below the 2024 national average. Grandville, 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 Grandville, MI
Median Rent in Grandville, MI
Top Four Reasons to Live in Grandville, Michigan
Step back in time! This community has a strong sense of its own history, as you can see with the city's historical museum, which the Grandville Historical Commission runs. Based in City Hall, its collection includes exhibits from across the local area, from homestead furniture to photographs, office equipment, and even a skeleton of an elephant-like creature called a mastodon, found nearby at the start of the 1980s. The museum is open on special occasions and by arrangement. The No. 10 Schoolhouse serves as a living museum, with its functioning classroom and recreated schoolmarm's living quarters. Exhibits you're allowed to touch and play around with include military uniforms, rotary phones, and typewriters.
The city of churches and parks! That's how Grandville has often been described - and it's not hard to see why! The 14-acre Wedgewood Park, for example, has facilities from campfire and picnic areas to space for volleyball, baseball, and softball. Even bigger is the 19-acre Heritage Park, housing the No. 10 Schoolhouse and with facilities including a sandy volleyball court. When it comes to open air off-duty time, you'll also love the Grandville Farmers' Market, held every Tuesday morning in summer outside the public parking lot just north of Grandville Library, and where local growers can sell their own produce alongside other seasonal goods. What's more, given that half the population commutes to work within 18 minutes, you should find you have plenty of time to enjoy local life!
Lots of real estate choice! In terms of local property, about two thirds is owned, just under a third rented and only 5% vacant. The median house price for the last year was just over $110,140. But if you are looking to rent somewhere affordable, the areas around Rushmore Street and Cherrywood Avenue are cheaper than nearly 50% of areas across the state.
A range of ages of properties - whether you are looking to buy or rent your home. If you look at the area around Canal Avenue SW and 44th Street South West, for example, you'll find places built between 1970 and 1999, as well as those built much earlier, between 1940 and 1969. (The flip side of that is that demand for real estate in this area is very high.)