Rent to Own Homes in Davison
The area was first... Read More
The area was first settled in 1842, and when the railroad came in 1871 it was called Davison Station after Judge Norman Davison, a local judge who was a delegate to the Detroit convention of 1835 when the state constitution was first framed. The Davison Station Post Office was opened in 1872, and in 1893 the name was shortened to Davison. It was incorporated as a village in 1916; at that time the population was under 800. By 1930 it had exceeded 1,000, and it reached 5,000 by 1970.The below results are primarily rent to own homes in Genesee County, MI:
The area was first... Read More
The area was first settled in 1842, and when the railroad came in 1871 it was called Davison Station after Judge Norman Davison, a local judge who was a delegate to the Detroit convention of 1835 when the state constitution was first framed. The Davison Station Post Office was opened in 1872, and in 1893 the name was shortened to Davison. It was incorporated as a village in 1916; at that time the population was under 800. By 1930 it had exceeded 1,000, and it reached 5,000 by 1970.The below results are primarily rent to own homes in Genesee County, MI:
Along with its proximity to Flint, Davison is close to other large cities. It’s approximately 38 miles from the Pontiac-Detroit metroplex, and the state capital of Lansing is about 65 miles to the west. The town is centrally located between Saginaw Bay, Lake Huron, Lake St. Clair and, a bit further south, Lake Erie.
Buying a Home in Davison
Current home listings in Davison range from $22,000 to $409,000. The median home price is $122,400, which is 34 percent below the national average. Fifty-six percent of the residential real estate is owner occupied. The overall cost of living in Davison is 12 percent below the national average.
The median age of the city’s residents is 40.2, and about 43 percent of the population is married. The median income for a family is about $48,600. Davison boasts an exceptionally low crime rate – 12 (out of 100), compared to the national average of 31.1.
The city is served by Davison Community School District, which is comprised of five elementary, one intermediate, one middle, and two high schools. The schools are rated highly by GreatSchools, with five of the nine schools receiving a rating of 9 or 10 (out of 10).
Buying vs. Rent to Own Homes
You may already be thinking about a move to Davison. But buying a home can be a long, complicated process requiring pre-qualification and a sizable down payment. If your bank account isn’t quite ready for that step or you think you don’t qualify, have you considered a rent-to-own arrangement? A part of each month’s rent goes toward a down payment to eventually purchase the home. It’s doesn’t require a large outlay of cash all at once, and renters can confidently look forward to becoming homeowners.
Summary
For those who love the outdoors, Davison offers the full range of seasons. Its small-town atmosphere, low crime, and low housing cost make it an attractive place. The noise of the big city is far enough away, but at the same time, the amenities of city life – fine dining, entertainment, nightlife, shopping – are at your fingertips.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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