Rent to Own Homes in Port Huron
The city of 30,000 is the county seat of St. Clair County. It is adjacent to the Port Huron Township but is administered autonomously. The Detroit-Pontiac metroplex is about 40 miles away. The Port Huron area has a clear maritime atmosphere, with a historic downtown, 17 waterfront areas (including three public beaches and six parks), Port Huron Museum, a boardwalk, marina, and lighthouse.The below results are primarily rent to own homes in St. Clair County, MI:
The city of 30,000 is the county seat of St. Clair County. It is adjacent to the Port Huron Township but is administered autonomously. The Detroit-Pontiac metroplex is about 40 miles away. The Port Huron area has a clear maritime atmosphere, with a historic downtown, 17 waterfront areas (including three public beaches and six parks), Port Huron Museum, a boardwalk, marina, and lighthouse.The below results are primarily rent to own homes in St. Clair County, MI:
After the War of 1812, the U.S. established Fort Gratiot at the southern end of Lake Huron. It gradually developed into a permanent settlement, and in 1857, Port Huron was incorporated. The population had exceeded 19,000 by the turn of the 20th century and was more than 30,000 by 1930. It reached 36,000 in 1960, but gradually decreased back to 30,000 by 1980.
Buying a Home in Port Huron
The median home cost in Port Huron is a modest $83,800, which is an impressive 55 percent below the national average. Current listings range from $29,900 to $1.4 million. More than 60 percent of the residential real estate is owner occupied. The overall cost of living is about 19 percent below the national average.
Approximately 42 percent of the city’s residents are married, and the median age is 36.4. The average annual household income is about $33,000.
The city is served by Port Huron Schools, which is comprised of ten elementary, three middle, and three high schools. The schools are rated from 2 to 9 (out of 10) by GreatSchools, so families with school-aged children should do some investigating before deciding on a neighborhood.
Popular Neighborhoods in Port Huron
The city is comprised of 13 constituent neighborhoods. Along the western shore of Lake Huron is the Keewahdin neighborhood. The residential real estate is primarily small- to medium-sized single-family homes and apartment complexes, and the residents are a mixture of owners and renters. It’s an established neighborhood; many of the residences were built after 1970, and a few were built before that. It’s among the top eight percent of neighborhoods in the entire state for retirees. The median home cost is about $216,000.
To the south and west is the W Water St/Range Rd area. The residences are mostly small- to medium-sized single-family homes and mobile homes, and most is owner occupied. The median home cost is about $141,500.
Buying vs. Rent to Own Homes
You may already be thinking about a move to Port Huron because of its charming waterfront environment. But buying a home can be out of reach for some. If you think you don’t qualify, or simply don’t have the cash for a down payment, consider a rent-to-own arrangement. Part of each month’s rent is applied toward a down payment to eventually buy the house. It’s easier and doesn’t require a large outlay of cash, and renters can look forward to the real possibility of becoming homeowners.
Summary
Located in the “thumb” of “the Mitten State,” Port Huron provides easy access to lakes and rivers, and Canada is just across the bridge. Four diverse seasons allow you to enjoy a multitude of outdoor activities. And if you need a taste of what the big city has to offer, Pontiac and Detroit are less than an hour away. Port Huron has much to offer, and should be on your list of places if you’re thinking about a move.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
About Our Listings
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
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