Rent to Own Homes in Cincinnati
Cincinnati is located on the southwestern edge of Ohio, and it’s less than a two-hour drive from Indianapolis, Columbus and Lexington. This gives residents easy access to entertainment venues and attractions in three different states. As home to the University of Cincinnati, the Cincinnati Police Department and the Cincinnati Reds, the Greater Cincinnati area also has a lot to offer residents not interested in venturing across state lines. The below results are primarily rent to own homes in Hamilton County, OH:
Cincinnati , OH 45205
3 Bedrooms, 1 Baths
Cincinnati , OH 45204
Cincinnati , OH 45219
4 Bedrooms, 3 Baths
Cincinnati , OH 45204
2 Bedrooms, 1 Baths
Cincinnati , OH 45204
3 Bedrooms, 2 Baths
Cincinnati is located on the southwestern edge of Ohio, and it’s less than a two-hour drive from Indianapolis, Columbus and Lexington. This gives residents easy access to entertainment venues and attractions in three different states. As home to the University of Cincinnati, the Cincinnati Police Department and the Cincinnati Reds, the Greater Cincinnati area also has a lot to offer residents not interested in venturing across state lines.
While the Ohio River provides a scenic backdrop to the southern edge of the city year round, Cincinnati is in the northern United States where cold winters with frequent snowstorms are expected. While some warmer cities are focused on outdoor activities, Cincinnati is known for its vibrant culinary and arts districts.
Most locals have their favorite breweries, such as Listermann and MadTree. Unique restaurants like Nada and Salazar are found in most areas of the city, and there are many theater houses offering season passes with exceptional show lineups. Residents also enjoy shopping at large farmer’s markets like Findlay Market for fresh produce, bread, fish and meat that make cooking at home more enjoyable.
Buying a Home in Cincinnati
Cincinnati is a great city for first-time home buyers as well as investors interested in purchasing rental property. There are many foreclosures in various neighborhoods which attract investors as well as anyone interested in getting a bargain price on a house. Just keep in mind that some foreclosure properties have substantial damage that may take $10,000 or more to fix. If you’re uncertain that you can handle that responsibility, a home in move-in condition is the best option.
If this is your first time buying a home or you can’t afford to spend a lot on this purchase, you may qualify for assistance through the Lift programs offered by Wells Fargo. These programs provide up to $15,000 in down payment funds for qualified Cincinnati home buyers.
Popular Neighborhoods in Cincinnati
If you want to live close to downtown and depend more on your feet for transportation than a car, look into the Over-the-Rhyne neighborhood. While most of the housing options for sale are condos, you can find the occasional single-family home on the market. The prices are a bit higher than in some other Cincinnati neighborhoods, but it places you within walking distance of most downtown attractions. This is a particularly active performing arts community because it’s close to the Cincinnati Symphony, the Cincinnati Opera and the School for Creative and Performing Arts.
If you’re searching for budget-friendly homes or foreclosure properties, you may try Price Hill. This is an older neighborhood with many homes selling for less than $50,000. If you can afford a home in the $100,000 range, Northside will deliver a healthy housing market and immediate access to the Cincinnati music scene.
Is crime a big concern for you? Look to Mount Lookout for a more affluent community with some of the lowest crime rates in the city.
Buying vs. Rent to Own Homes
Buying a home is easier in Cincinnati than many other big cities due to assistance programs and the availability of affordable properties, but it’s still a difficult process if your credit isn’t perfect or you can’t afford your preferred neighborhood right now. One way to get around this is to rent your home before you buy. A rent-to-own agreement allows you to rent your home for a specified period of time with the option to purchase at the end of the contract. You can improve your credit, save up your down payment or get qualified for an assistance program while you live in your home and look forward to one day owning the property.
Cost of Living in Cincinnati
Cincinnati is one of the few big cities where you can still stretch your dollar quite far. The overall cost of living is approximately 15 percent lower than the national average and nearly 7 percent lower than the state average. While housing is the largest expense for many people across America, it’s often the smallest expense for Cincinnati residents. Transportation and utility indexes are nearly matched with national averages, but all other expenses remain substantially lower.
If you’re living on a tight budget or just want to get more house for your dollar, Cincinnati is a great place to live. The cost of living is well below the national average, and you can choose to live close to the downtown area where performing arts, music and culinary attractions are booming. While most neighborhoods offer budget-friendly homes, there are some affluent communities with more expansive properties. Since the housing index is so low, you don’t need a millionaire’s budget to purchase a large home in an exclusive neighborhood in Cincy.
Rent To Own Labs provides a diverse set of real estate listings, including rent to own (“lease to own” or “lease purchase”), owner financing, foreclosed, for sale by owner, and rental home opportunities. These listings are available to low-income residents and those with bad credit or no credit, and include both condos & houses. Rent to own homes near me include the list of zip codes we serve in this area: