Rent to own Homes in Davenport, IA

Located in the middle of the country, Davenport, Iowa, is a great place to live and raise a family. The city has everything both big cities and small towns have - entertainment, nightlife, museums, sports, outdoor activities, and hometown festivals. The city, which runs alongside the Mississippi River, has a population of close to 100,000 residents and is halfway between Chicago and Des Moines, IA. Today, Davenport is an exciting mixture of background and cultures.

Davenport, IA is a great place for affordable rent-to-own homes! With a median household income of over $53,140 and a median rent of $786, the Davenport, IA 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 Davenport, IA. 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.