Rent to own Homes in Medina, OH
Medina's gorgeous center, complete with a public square gazebo, hosts many community events throughout the year, giving residents a slew of activities to choose from. You can shop at local shops, such as Miss Molly's Gift Shop, then take a break and have a delicious lunch at Marie's Cafe or stop for frozen yogurt at Lemonberry. Several local bakeries provide a host of delicious desserts to sample, while Cool Bean's Cafe is the perfect stop for a hot cup of joe or a fruity smoothie. There are also many beautiful Victorian homes to admire in the historic district, which is one of the features Medina is best known for.
Medina, OH is a great place for affordable rent-to-own homes! With a median household income of over $66,691 and a median rent of $851, the Medina, 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 Medina, 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 Medina, OH Property Resources
Rent to own Homes in Cities Near Medina, OH
- Akron
- Amherst
- Avon
- Avon Lake
- Bay Village
- Bedford
- Berea
- Bratenahl
- Broadview Heights
- Brooklyn
- Chippewa Lake
- Columbia Station
- Creston
- Cuyahoga Falls
- Cuyahoga Heights
- Elyria
- Fairlawn
- Fairview Park
- Gloria Glens Park
- Grafton
- Independence
- Lakewood
- Linndale
- Litchfield
- Lorain
- Maple Heights
- Medina
- Middleburg Heights
- Montrose-Ghent
- North Olmsted
- North Ridgeville
- Oberlin
- Olmsted Falls
- Parma
- Parma Heights
- Peninsula
- Pheasant Run
- Pigeon Creek
- Richfield
- Rocky River
- Seville
- Shaker Heights
- Sharon Center
- Sheffield
- Sheffield Lake
- South Amherst
- Spencer
- Valley City
- Westfield Center
- Westlake
Neighborhoods in Medina, OH
No neighborhoods foundBuying a Home in Medina, OH
Medina, OH is seeing rapid growth and Medina, OH's' housing market remains optimal with an average home price that is -19% below the 2024 national average. Medina, OH is part of Medina 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 Medina is 1.37% which is above the national average, which is 0.99%.
Median Home Price in Medina, OH
Median Rent in Medina, OH
Top 3 Reasons to Live in Medina, OH
Luxury apartments! There are many beautiful places to live in Medina, whether you're ready to buy or not. Luxury apartments, such as Forest Meadows Apartments or Stonebrooke Village Luxury Apartments, provide spacious housing and reasonable prices in some of the best areas to live. Many floor plans are available for whatever your needs may be.
Citywide events! Have some fun in the community with annual events, such as Art in the Park, which takes place in the public square each summer. At this free event, you can enjoy professional and amateur artists' work and even have an opportunity to purchase what you like. Each holiday season, stop by the Holiday Spectacular, where you can shop at the town square shops and enjoy the lights throughout the city. There are many other events to enjoy throughout the year, such as the Medina County Fair, Spotlight Showcase, and Veterans Day Concert.
Countless home options! With a median home cost of roughly $175,000, it's not too difficult to live in this beautiful city. You can find many home options, including rent to own houses and rent to own townhomes. Whether you choose to rent to own or buy right away, you'll have the option of various areas of town in which to reside. Medina boasts urban and rural options, offering choices such as the Historic District and neighborhoods such as the area around Reagan Park on the northeast side. For those looking for a beautiful home in the country, Medina boasts a great deal of land and homes for sale that are surrounded by farmland and nature.