Rent to Own Homes in Enid
Enid is located at the eastern edge of the Great Plains, making the setting rural and the topography quite flat. Wichita is 120 miles to the north, Tulsa is 115 miles to the east, and it’s less than 90 miles south to Oklahoma City. Hot summers and cold winters give Enid a full complement of seasons.The below results are primarily rent to own homes in Garfield County, OK:
Enid is located at the eastern edge of the Great Plains, making the setting rural and the topography quite flat. Wichita is 120 miles to the north, Tulsa is 115 miles to the east, and it’s less than 90 miles south to Oklahoma City. Hot summers and cold winters give Enid a full complement of seasons.The below results are primarily rent to own homes in Garfield County, OK:
Oil was discovered in the area in the 1910's, and Enid experienced a “golden age” until World War II. The economy and population grew concurrently; the downtown area saw new construction with the building of the Broadway Tower, Garfield County Courthouse, and Enid Masonic Temple. Broadway Tower remains the tallest building in the city.
The Enid Terminal Grain Elevators Historic District is on the National Register of Historic Places. It consists of nine concrete grain elevators, which were built from the 1920's to the 1950's. They have a total storage capacity of nearly 60 million bushels.
Buying a Home in Enid
The median home price in Enid remains just under six figures; it is about $96,000. Current listings range from $24,000 to $348,000. Nearly 62% of the residents are homeowners, the median age is 35, and about 53% of the population is married. The cost of living in Enid is nearly 18% below the national average. While groceries, healthcare, and utilities all contribute to this, the real winner is the cost of housing; it’s a whopping 48% below the national average.
Two school districts serve Enid, and there are about 19 public schools in the city. Several private schools are within the city limits as well. The schools are rated by GreatSchools from 3 to 9 (out of 10), so families with children should do their homework when neighborhood shopping.
Popular Neighborhoods in Enid
Indian Hills contains homes that are as much as 90 years old, but are still kept in pristine condition. Three parks, beautiful and large old trees, a golf course, a bird sanctuary, and a butterfly garden are in the neighborhood. Shopping centers are close and convenient. Homes range from $100,000 to over $1 million.
Willow West features three man-made lakes, with many of the homes backing up to the water. Some have docks with fishing or paddle boats. Fountains in the lakes and large, graceful weeping willows complete the picturesque setting.
Buying vs. Rent to Own Homes
Enid may already sound like an attractive place to live. But financing a home can be difficult. If you’re not quite ready to take that step, there is another option. Many are taking advantage of rent-to-own options. A portion of each month’s rent goes toward a down payment to eventually buy the house. This allows renters – who may not be in a position to buy a home outright – to look forward to becoming proud homeowners.
Summary
If you’re looking for a quiet place to settle, a place that still has a small-town ambiance, then Enid might be worth checking out. The low cost of living, affordable housing, and family-friendly neighborhoods complete the picture to make this charming Oklahoma town a place you might want to call home.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
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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