Rent to own Homes in Oak Creek, WI
Oak Creek, Wisconsin is a small town bordering Milwaukee. It offers the best of Wisconsin living--friendly neighbors, winter sports and plenty of outdoor activities--as well as easy access to two major metropolitan cities, making it an ideal choice for many Midwesterners. Oak Creek was originally formed in the 1800s to prevent Milwaukee from annexing it; it remains proud of its independence to this day (which is probably why it has one of the biggest 4th of July bashes in the Midwest.)
Oak Creek, WI is a great place for affordable rent-to-own homes! With a median household income of over $75,657 and a median rent of $1,115, the Oak Creek, 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 Oak Creek, 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 Oak Creek, WI Property Resources
Rent to own Homes in Cities Near Oak Creek, WI
- Bayside
- Big Bend
- Brookfield
- Brown Deer
- Butler
- Caledonia
- Cedarburg
- Cudahy
- Eagle Lake
- Elm Grove
- Elmwood Park
- Fox Point
- Franklin
- Franksville
- Germantown
- Glendale
- Grafton
- Greendale
- Greenfield
- Hales Corners
- Kansasville
- Lannon
- Menomonee Falls
- Mequon
- Milwaukee
- Mount Pleasant
- Muskego
- New Berlin
- North Bay
- Oak Creek
- Pewaukee
- Racine
- Raymond
- River Hills
- Saukville
- Shorewood
- Somers
- South Milwaukee
- Sturtevant
- Sussex
- Tichigan
- Union Grove
- Waukesha
- Waukesha Village
- Wauwatosa
- West Milwaukee
- Whitefish Bay
- Wind Lake
- Wind Point
- Yorksville
Neighborhoods in Oak Creek, WI
Oakshire East rent to own homes Oak Creek rent to own homes Drexel Town Square rent to own homes Carrollville rent to own homes Lakeview Village rent to own homesPopular Zip Codes in Oak Creek, WI
53154 rent to own homesBuying a Home in Oak Creek, WI
Oak Creek, WI is seeing rapid growth and Oak Creek, WI's' housing market remains not optimal with an average home price that is 9% above the 2024 national average. Oak Creek, WI is part of Milwaukee 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 Milwaukee is 2.24% which is above the national average, which is 0.99%.
Median Home Price in Oak Creek, WI
Median Rent in Oak Creek, WI
Six Reasons You'll Love Living in Oak Creek, WI
Lower cost of living! The cost of living in the community of Oak Creek is significantly less than in other areas of the country--on average, people spend an average of 11.90% less on necessary life expenses here. You can expect to find bargains on food in Woodmans and on clothing at the Oak Creek Outlet Store.
Home values are on the rise! Whether you rent to own or purchase your home directly, you're sure to make an investment that will appreciate over time. Home values in Oak Creek rise by approximately 3.9% per year. Try the City Center or Oakwood if you are looking for your dream home.
Lots of community events! Don't worry about meeting people--Oak Creek offers a ton of community events where newcomers can make friends. During the summer, there are movie nights at Henry Miller Park and pig and chicken roasts, while fall and winter offer special events like the annual Christmas tree lighting at the Oak Creek Community Center.
22 distinct neighborhoods! Whether you want a small neighborhood or a large one, you can find exactly what you need in one of Oak Creek's 22 neighborhoods. Some of the most popular neighborhoods include the Drexel Avenue and West Rawson areas.
Close to Chicago! Oak Creek may be a small Wisconsin town, but it's easy to cross the border into Illinois and visit Chicago, which is only 40 miles away. If you don't want to drive, you can travel by Amtrak or by commuter rail.
Snowy winters! If you're a winter person, this is your town! Oak Creek gets plenty of snow each winter, making it easy to engage in outdoor sports like ice hockey and sledding, and you will almost definitely have snow for the holidays. The recreation center offers team sport opportunities, and when the weather warms up there's a soccer club that welcomes all ages.