Rent to own Homes in Menomonee Falls, WI
Menomonee Falls is a suburb of just over 35,000 people, located only a few miles from Wisconsin's largest city of Milwaukee. Situated on the banks of the Menomonee River, it's the largest village in the state of Wisconsin, and the fourth-largest community in Waukesha County. With a wide range of stores and attractions located both in the village and nearby, as well as an active arts scene, it's no wonder that so many people are choosing to move to Menomonee Falls.
Menomonee Falls, WI is a great place for affordable rent-to-own homes! With a median household income of over $86,555 and a median rent of $1,129, the Menomonee Falls, WI 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 Menomonee Falls, WI. 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 Menomonee Falls, WI Property Resources
Rent to own Homes in Cities Near Menomonee Falls, WI
- Ashippun
- Big Bend
- Brookfield
- Brown Deer
- Browns Lake
- Burlington
- Butler
- Chenequa
- Delafield
- Dousman
- Eagle
- Eagle Lake
- East Troy
- Elm Grove
- Franklin
- Franksville
- Germantown
- Glendale
- Hales Corners
- Hartford
- Jackson
- Kansasville
- Lac La Belle
- Menomonee Falls
- Mequon
- Mukwonago
- Muskego
- Nashotah
- New Berlin
- North Lake
- Oconomowoc
- Okauchee
- Pewaukee
- Potter Lake
- Raymond
- River Hills
- Rochester
- Rubicon
- Slinger
- Sullivan
- Sussex
- Tichigan
- Wales
- Waterford
- Waukesha
- Waukesha Village
- Wauwatosa
- West Milwaukee
- Wind Lake
- Yorksville
Neighborhoods in Menomonee Falls, WI
Ridgefield rent to own homes Aberdeen rent to own homes Lilly Creek rent to own homes Menomonee Falls Village Centre rent to own homesPopular Zip Codes in Menomonee Falls, WI
53051 rent to own homesBuying a Home in Menomonee Falls, WI
Menomonee Falls, WI is seeing rapid growth and Menomonee Falls, WI's' housing market remains not optimal with an average home price that is 22% above the 2024 national average. Menomonee Falls, WI is part of Waukesha 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 Waukesha is 1.51% which is above the national average, which is 0.99%.
Median Home Price in Menomonee Falls, WI
Median Rent in Menomonee Falls, WI
Top 3 Reasons to Live in Menomonee Falls, WI
Low real estate prices! Menomonee Falls has some of the most reasonable real estate prices in Waukesha County. While the market has a broad range of homes available at various prices, buyers who want to rent to own in this community of nearly 35,000 will find many properties with an asking price of just over $100,000. As of mid-November 2014, residential prices per square foot range from just $80 to around $140, and the average price hovers around $100. Whether you're enjoying Menomonee Falls' Apple Run Mall, or heading down to the nearby Milwaukee Harley Davidson plant, you'll be able to shop with a clear conscience!
Beautiful parks! Menomonee Falls is sprinkled with over 2,000 acres of well-kept, scenic parks and recreation areas. If you're looking for the chance to see thrushes, woodpeckers, red-winged blackbirds and other birds, check out sprawling Menomonee Park's wetlands and maple woodlands, which preserve a bit of nature in this suburban setting. If you'd prefer a day spent hiking, Rotary Park's extensive trails hug the Menomonee River and offer many breathtaking views. And don't forget Mill Pond park, home to the Lepper Dam Millpond. Lepper Dam's waterfall lends the town its name, and fishers will discover that the pond is home to an assortment of bluegills, sunfish and carp, among others. Whether you enjoy boating, picnics or just a game of catch, this little village's natural beauty offers something for everyone to enjoy.
Increasing home values! This suburb, which is known for its public arts events like May's Art on the Walk festival, and the Evening Concerts in the Park in Village Park, is experiencing a steady influx of residents. Even though the area's homes are reasonably priced now, real estate prices are steadily climbing. From August to November 2014, home prices rose 3.7% in Menomonee Falls. This is part of a long-standing trend in this budding municipality, which means that now is a great time to invest in a residence in Wisconsin's largest village.