Rent to own Homes in Midwest City, OK
Growing! This town is one of the fastest growing suburbs of Oklahoma City. The combination of cheap housing and low property tax rates are drawing new residents to neighborhoods like Rolling Meadows and Windmill Farms.
Midwest City, OK is a great place for affordable rent-to-own homes! With a median household income of over $49,368 and a median rent of $840, the Midwest City, OK 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 Midwest City, OK. 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 Midwest City, OK Property Resources
Rent to own Homes in Cities Near Midwest City, OK
- Arcadia
- Bethany
- Bethel Acres
- Choctaw
- Dale
- Del City
- Edmond
- Fallis
- Forest Park
- Guthrie
- Harrah
- Jones
- Lake Aluma
- Luther
- McLoud
- Meridian
- Midwest City
- Moore
- Newalla
- Newcastle
- Nichols Hills
- Nicoma Park
- Noble
- Norman
- Oklahoma City
- Pink
- Shawnee
- Slaughterville
- Smith Village
- Spencer
- The Village
- Valley Brook
- Warr Acres
- Warwick
- Wellston
Neighborhoods in Midwest City, OK
Ranchets rent to own homes Rhapsody Willow Wind rent to own homes Quail Ridge rent to own homes Omni rent to own homes Telstar rent to own homesBuying a Home in Midwest City, OK
Midwest City, OK is seeing rapid growth and Midwest City, OK's' housing market remains optimal with an average home price that is -46% below the 2024 national average. Midwest City, OK is part of Oklahoma 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 Oklahoma is 0.96% which is below the national average, which is 0.99%.
Median Home Price in Midwest City, OK
Median Rent in Midwest City, OK
11 Great Reasons to Live in Midwest City, OK
Are force base! Tinker Air Force Base is located here, which also hosts the Oklahoma City Air Logistics Complex. The base has more than 26,000 military and civilian employees, making it one of the largest employers in the entire state.
Parks! Midwest City has a great parks system. The Joe B. Barnes Regional Park plays host to weekly summer concerts, and the Mid-America and Tom Poore parks are great sites for picnics and family reunions.
Affordable housing! Housing is much cheaper here compared to the national average. The median home price of only $76,600 in Midwest City is exactly half the price of the national median price. Neighborhoods like Holman East and Windsong have houses in this price range. You might also be able to find a rent to own property.
House appreciation! Housing is appreciating at a much faster rate than average, nearly 4%! This is probably occurring because Midwest City is growing so quickly. Whether you want to find rent to own homes or buy a home outright, it should be a good investment here in communities like Country Estates and Omni.
Escape from the summer heat! You can beat the intense summer heat by swimming at one of the area's many facilities, like the recently renovated Reno Swim and Slide or Lake Stanley Draper.
It's a great place to get a beer! If you want a complete brewery tour, check out the newly opened Roughtail Brewery. But if you'd rather skip the tour and just have a drink, Ur Alibi sports bar and brewery is just a fun place to hang out.
Rentals! A higher than average 36% of residents are renters, which means you can choose from many affordable complexes when you're looking to rent a one-bedroom apartment or even a two-bedroom townhouse. Certain streets have more apartment complexes for you to consider, including Air Depot Boulevard and Reno Avenue.
All-American! Midwest City is an all-American kind of community, so of course there are many facilities for playing a friendly game of baseball or softball! The Fred Myers Ballpark and Marion Reed Baseball Complex are especially popular with baseball teams for children, and the Doug Hunt Softball Complex hosts leagues for everyone.
Low property taxes! Property taxes are a very reasonable rate of $8.56, especially considering the fact that home prices are also low. Therefore, getting a house isn't going to leave you stuck with high property taxes. You'll get a lot for your money if you look for rent to own houses in neighborhoods like Lexington Heights and Stone Creek.
Variety of restaurants! You don't need to go to Dallas or even Oklahoma City to get a good meal. Midwest City even has some more exotic options like the Basil Mediterranean Cafe or Creperie and European Cafe.