Rent to own Homes in South Milwaukee, WI
Nestled in the southeast corner of Wisconsin, South Milwaukee offers the best of everything. It has the close-knit community feel that comes with a small-city population of approximately 21,000, but residents enjoy easy access to larger cities. Milwaukee is just ten miles away and Chicago is a quick 75-mile drive. A favorite summer event is South Milwaukee's Heritage Days, which takes place for a week each July. The festival is a tribute on the area's many contributions to American History and highlights of the celebration include the annual Heritage Day Parade and the fiercely competitive Great Duck Race.
South Milwaukee, WI is a great place for affordable rent-to-own homes! With a median household income of over $57,286 and a median rent of $880, the South Milwaukee, 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 South Milwaukee, 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 South Milwaukee, WI Property Resources
Rent to own Homes in Cities Near South Milwaukee, 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 South Milwaukee, WI
South Towne rent to own homes Parkway Heights rent to own homes Drexel Highlands rent to own homes Blakewood rent to own homes Lakeview rent to own homes Lakeshore rent to own homes Historic Lakeview rent to own homes Historic Grant Park rent to own homes M District rent to own homes Downtown South Milwaukee rent to own homesPopular Zip Codes in South Milwaukee, WI
53172 rent to own homesBuying a Home in South Milwaukee, WI
South Milwaukee, WI is seeing rapid growth and South Milwaukee, WI's' housing market remains optimal with an average home price that is -24% below the 2024 national average. South Milwaukee, 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 South Milwaukee, WI
Median Rent in South Milwaukee, WI
4 Reasons to Live in South Milwaukee, WI
Stable housing market! South Milwaukee's population has remained fairly constant in the past decade, and new home construction is minimal. As a result, neighborhoods are stable and house prices are steady at a median $156,115. Reasonable home purchase prices coupled with ample opportunities for sports and recreation make it an attractive destination for relocation. Many newcomers are astounded by the comprehensive programming organized by the South Milwaukee Recreation Department, some of which includes dance, exercise classes and team sports for all ages. The Recreation Department takes particular pride in the new Community Fitness Center, which has free access to the indoor walking track for everyone.
Real estate in prime locations! Rental apartments and rent to own homes have an average monthly cost of $725. Many residents enjoy living close to the downtown neighborhood for the close proximity to shopping and dining. The Farmer's Market at 11th & Milwaukee Avenues is one of the city's most popular attractions, as is Greg's Soup-er Desserts, a mecca for lovers of all things baked.
Enjoy the outdoors! South Milwaukee is bordered on the east by Lake Michigan, which gives residents abundant opportunities for fresh-water recreation. Swimming, fishing and boating are much loved pastimes, and the gorgeous Grant Park is particularly popular for the range of activities available. Some of these include camping, hiking and an 18-hole golf course. After working up an appetite at the park, locals flock to nearby Paisano's Italian Restaurant for friendly service and delicious food.
Arts, culture and delicious dining! South Milwaukee boasts its own Performing Arts Center, featuring local and national performances. From ballet to jazz to rock n' roll, there is something for every taste. Nearby restaurants offer a variety of cuisine. Pat's Oak Manor is known for the best Walleye Fish Fry in the city and the Golden Lion has delicious American fare.