Rent to own Homes in Bay Village, OH
Bay Village, Ohio is located on the shores of Lake Erie, just west of Cleveland. The land that became Bay Village was surveyed in 1796 by Moses Cleveland of the Connecticut Land Company. After a treaty with the Erie Indians, the territory became part of the company's western holdings. In 1803, the land was given to citizens of Connecticut who had been displaced by the Revolutionary War. The city has continued to grow and now contains more than 15,000 residents.
Bay Village, OH is a great place for affordable rent-to-own homes! With a median household income of over $102,938 and a median rent of $1,141, the Bay Village, OH 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 Bay Village, OH. 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 Bay Village, OH Property Resources
Rent to own Homes in Cities Near Bay Village, OH
- Bay Village
- Bedford Heights
- Berea
- Boston Heights
- Broadview Heights
- Brooklyn
- Columbia Station
- Cuyahoga Falls
- Elyria
- Euclid
- Fairlawn
- Glenwillow
- Grafton
- Highland Heights
- Hudson
- Independence
- Lakewood
- Linndale
- Litchfield
- Lorain
- Lyndhurst
- Macedonia
- Maple Heights
- Medina
- Middleburg Heights
- Montrose-Ghent
- Moreland Hills
- North Olmsted
- North Ridgeville
- Norton
- Olmsted Falls
- Orange
- Parma
- Parma Heights
- Peninsula
- Pigeon Creek
- Richfield
- Richmond Heights
- Rocky River
- Shaker Heights
- Sharon Center
- Sheffield
- Sheffield Lake
- Solon
- South Euclid
- Twinsburg Heights
- University Heights
- Valley City
- Westlake
- Woodmere
Neighborhoods in Bay Village, OH
No neighborhoods foundPopular Zip Codes in Bay Village, OH
44140 rent to own homesBuying a Home in Bay Village, OH
Bay Village, OH is seeing rapid growth and Bay Village, OH's' housing market remains not optimal with an average home price that is 18% above the 2024 national average. Bay Village, OH is part of Cuyahoga 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 Cuyahoga is 1.93% which is above the national average, which is 0.99%.
Median Home Price in Bay Village, OH
Median Rent in Bay Village, OH
Top 7 Reasons to Live in Bay Village, Ohio
Huntington Reservation has indoor and outdoor activities! Visitors and residents visit the 103 acres of Huntington Reservation for picnics, fishing, and hiking. It is one of the oldest reservations in the state of Ohio. Anglers especially enjoy fishing year-round in Lake Erie due to the breakwalls on the shoreline. It is easy to enjoy a walk on the shoreline, which stretches for half a mile. Lake Erie Nature and Science Center and Huntington Playhouse are available for those who prefer indoor activities.
Stay active with a variety of exercise opportunities! Bayway Cabin serves as the base for the city's recreation department. Sand volleyball courts, exercise trails, soccer fields, and baseball fields are all available for organized sports or for individual training. In the summer, an outdoor swimming pool is available as well. Winter is also fun, as the sledding hill and skating pond open then. Huntington Beach is a public beach that offers a great view of Downtown Cleveland.
Great selection of real estate! There are many opportunities to buy or rent in Bay Village. Houses for rent and rent to own homes are available near Cleveland Metroparks Cahoon Memorial Park. More properties can be found off Wolf Road, which is close to Heinen's Grocery Store, a favorite Cleveland-area grocery chain.
Take advantage of low mortgage rates! Mortgage rates in Bay Village ranged from 3.773% to 4.17% in 2014, below the national average of 4.417%. It is easy to find homes for sale near Lake Road. Residents who live here enjoy easy access to local thoroughfares, including Bassett and Dover Center Roads.
Enjoy delicious cuisine for every craving! There's no need to drive into Cleveland to enjoy a variety of food. Arrabiata's Italian Restaurant, Nirvana Pizza, and China House are all local favorites. Vento La Trattoria on Lake Road is a wine bar that also offers lunch and dinner.
Discover early American history! It is easy to learn about the early days of America in Bay Village. Lake Road was an old Erie Indian trail. The Rose Hill Museum documents the early days of Bay Village and was once the homestead of early settlers, the Cahoon family.
Something for every sweet tooth! Enjoy donuts and cakes made in-house at Frapagne's Bakery. Malley's Chocolates, a Cleveland-area favorite, is known for its large chocolate animals, while Mojo's Coffee and More offers homemade pastries.