Rent to own Homes in Jackson, MI
Not to be confused with the capital of Mississippi, Jackson is named after President Andrew Jackson. As the principal seat of Jackson County, the small city is home to 33,534 residents and is just 40 miles from Ann Arbor and 35 miles from Lansing. Known for being a business-friendly community, Jackson offers incentives for first time entrepreneurs as well as numerous activities for all residents to enjoy.
Jackson, MI is a great place for affordable rent-to-own homes! With a median household income of over $37,192 and a median rent of $729, the Jackson, 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 Jackson, 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 Jackson, MI Property Resources
Rent to own Homes in Cities Near Jackson, MI
- Albion
- Allen
- Bellevue
- Burlington
- Ceresco
- Charlotte
- Clarklake
- Coldwater
- Concord
- Eaton Rapids
- Hanover
- Hillsdale
- Homer
- Horton
- Jackson
- Jerome
- Jonesville
- Lake Le Ann
- Leslie
- Litchfield
- Marshall
- North Adams
- Olivet
- Onondaga
- Parma
- Potterville
- Quincy
- Rives Junction
- Spring Arbor
- Springport
- Tekonsha
- Vandercook Lake
Neighborhoods in Jackson, MI
Lansing Avenue Heights rent to own homes Essex Heights rent to own homes Creglow Heights rent to own homes Flat Iron rent to own homes Health rent to own homes Bennett rent to own homes Parkside rent to own homes Kiwanis Park rent to own homes Nixon rent to own homes Partnership Park rent to own homesBuying a Home in Jackson, MI
Jackson, MI is seeing rapid growth and Jackson, MI's' housing market remains optimal with an average home price that is -67% below the 2024 national average. Jackson, MI is part of Jackson 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 Jackson is 1.31% which is above the national average, which is 0.99%.
Median Home Price in Jackson, MI
Median Rent in Jackson, MI
Top 6 Reasons to Live in Jackson, MI
Cornerstone of U.S. history! Jackson is considered the birthplace of the Republican Party because the first official meeting of the organization took place in the city on July 6, 1854. Additionally, while many assume that the Coney Island Hot Dog is an invention of the Big Apple, it was actually born in Jackson in 1914. Today, the famous Coney Island Hot Dog can be enjoyed at numerous restaurants throughout the city, including Todoroff's.
Haven for racing fans! Jackson is home to the Michigan International Speedway that hosts NASCAR and Sprint Cup Series Races every summer. Amateurs and aspiring professionals can try their skills on a track at the Springport Motor Speedway. Opened in 1989, this short track circuit is home to some of the best racing instructors in the country.
Shopping galore! To take care of any of your immediate shopping needs, Jackson is just minutes from Westwood Mall, which includes large stores like J.C. Penney and Walmart. On the other end of town, Jackson Crossing is slightly larger and has recently been renovated to include stores like Target, Best Buy, and Toys "R" Us.
Pro-business environment! The City of Jackson strives to create an atmosphere that is conducive to operating a successful business. Not only does the city offer tax credits to new businesses that employ more than 10 local residents, but the Downtown Development Authority, located directly on Interstate 94 and U.S. 127, is also tasked with working alongside businesses to ensure that all of their needs are met.
Affordable homes! With the median listing price of homes hovering around $200,000 in the U.S., Jackson is a true bargain with a median listing price of just $59,000. Look for a great rent to own property in a neighborhood like Robinson Road or Vandercook Lake.
Affordable rent! The median rent in Michigan is $825. However, in Jackson, this figure decreases to just $650. As a result, renters are able to get more space for less money in areas like Spring Arbor Road and Leoni.