Rent to own Homes in Pontiac, MI
Lovely homes for sale! Whether you're interested in rent to own homes or houses for sale, you'll find plenty to choose from in Pontiac's active housing market. In the neighborhood of Brady Lane, you can get an 1,800 square foot four bedroom brick home for less than $140,000, while around Brooks Avenue a 2,012 square foot three bedroom ranch style sells for less than $68,000.
Pontiac, MI is a great place for affordable rent-to-own homes! With a median household income of over $34,673 and a median rent of $811, the Pontiac, 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 Pontiac, 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 Pontiac, MI Property Resources
Rent to own Homes in Cities Near Pontiac, MI
- Allenton
- Almont
- Auburn Hills
- Beverly Hills
- Birmingham
- Clarkston
- Clawson
- Clinton Township
- Commerce Township
- Dryden
- Farmington Hills
- Ferndale
- Goodrich
- Grand Blanc
- Highland
- Holly
- Huntington Woods
- Imlay City
- Keego Harbor
- Lake Angelus
- Lake Orion
- Lapeer
- Lathrup Village
- Leonard
- Macomb
- Madison Heights
- Metamora
- Novi
- Oakland
- Oak Park
- Orchard Lake Village
- Ortonville
- Oxford
- Pleasant Ridge
- Pontiac
- Ray
- Rochester
- Rochester Hills
- Romeo
- Royal Oak
- Southfield
- Sylvan Lake
- Troy
- Walled Lake
- Warren
- Washington
- Waterford
- West Bloomfield
- White Lake
- Wolverine Lake
Neighborhoods in Pontiac, MI
Modern Housing Corporation rent to own homes Pontiac Downtown rent to own homes Fairgrove rent to own homes Franklin Boulevard rent to own homes Pontiac Commercial Historic District rent to own homes Seminole Hills rent to own homesPopular Zip Codes in Pontiac, MI
48321 rent to own homes 48343 rent to own homes 48341 rent to own homes 48340 rent to own homes 48342 rent to own homesBuying a Home in Pontiac, MI
Pontiac, MI is seeing rapid growth and Pontiac, MI's' housing market remains optimal with an average home price that is -66% below the 2024 national average. Pontiac, MI is part of Oakland 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 Oakland is 1.75% which is above the national average, which is 0.99%.
Median Home Price in Pontiac, MI
Median Rent in Pontiac, MI
Top 14 Reasons to Live in Pontiac
Beautiful rental homes! If you're interested in traditional rentals or rent to own houses, you'll find a large selection of available properties in Pontiac. Check out the area of Tilden Street, where you can find a 1,511 square foot three bedroom for less than $1,200 a month. Over on Rapid Street, a stately 1,800 square foot three bedroom Victorian style will run less than $900.
Apartments everywhere! Pontiac's vacancy rate hovers around 20%, so there are plenty of available apartments. On Clairmont Place, you can find a large two bedroom for less than $500 a month, while in the area of Dwight Avenue a spacious three bedroom will run in the neighborhood of $850.
Great market for condos and townhouses! Pontiac's high vacancy rate means that there are plenty of rental and rent to own townhouses and condos. In the neighborhood of North Saginaw Street, a large 1,100 square foot one bedroom rents for around $900 a month, while over on West Huron Street you can find a lovely one bedroom for less than $550.
Land for sale! Check out the area of West Walton Boulevard, where you can get acreage on North Perry along Galloway Lake for around $75,000. On Cesar E Chavez Avenue, you can get land parcels for around $80,000.
Great comfort food! Locals flock to Leo's Coney Island (3999 Centerpoint Pkwy) for diner favorites such as loaded hot dogs and burgers. Another winner is Stuffed Bun (603 E Walton Blvd), thanks to its humongous sandwich platters.
Friendly local bars! If you love beer and football, then check out Gridiron Bar & Grill (93 E Montcalm St), a traditional neighborhood hangout complete with a jukebox, a pool table, a darts board and TV screens. If you're in the mood for a night on the town, you'll enjoy an evening at Tonic Night Club (29 S Saginaw St) , which offers great specialty drinks in an elegant setting.
Lovely local parks! Galloway Lake Park (1498 N Perry St) has serene fishing areas, softball fields and tennis and basketball courts. Another favorite is Hawthorne Park (Telegraph Rd and Hawthorne Park Dr), which features three horseshoe pits, picnic grounds and a boat dock.
Live music! In neighboring Auburn Hills, you can hear the region's best jazz at Callahan's Music Hall (2105 South Blvd). If indie rock's your thing, check out The Crofoot (1 South Saginaw), which features a roster of nationally known acts throughout the year.
Historic sites! Check out the Pine Grove Historical Museum (405 Cesar E Chavez Ave), where you'll find a collection of tools and farm implements from the 1800s. You'll also want to drive to nearby Auburn Hills and visit the Walter P. Chrysler Museum (1000 Chrysler Dr), where you'll learn about America's automotive history.
Go golfing! Try out the beautiful Links at Crystal Lake (800 Golf Drive), which is chock full of beautiful ponds and wooded areas. Minutes away in West Bloomfield Township, you'll also find Pine Lake Country Club, which offers a famous course and a historic 1905 clubhouse.
Get spooked! Pontiac is home to two of the most famous haunted houses in the country: The Real of Darkness and Erebus. The Realm of Darkness (37 Turk St) has been selected as America's Best Haunted House, while Erebus (18 S Perry St) was formerly the world's largest haunted house. Both are open year round.
Great place for the arts! Pontiac is home to the Creative Arts Center (47 Williams St), a museum/gallery that displays works by regionally known artists. If you love to celebrate the arts, join in the festivities at the Arts, Beats and Eats Festival in nearby Royal Oak (Main St and downtown). Held every Labor Day weekend, it offers an eclectic roster of regionally known artists and musicians.
Super shopping! Just minutes outside Pontiac in Auburn Hills, you'll find Great Lakes Crossing Outlets (4000 Baldwin Rd), which offers 185 specialty stores and eateries. Another close by shopper's destination is The Village of Rochester Hills (104 North Adams Road), which has more than 50 nationally known retailers.