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Iowa offers a variety of incentives for aspiring buyers to consider Rent to Own properties. Thanks to highly affordable home prices, set well below the national average, and solid anticipated appreciation, Iowans have a great incentive to get into a home sooner, setting the terms of their sale agreement early. Furthermore, thanks to a foreclosure average well below the national average, lease option affords aspiring home buyers an opportunity to find a great deal where otherwise the gap may be slimmer than other regions. Even in major cities such as Iowa City, home to the University of Iowa, and the capital Des Moines, median home prices are well within reach for middle class buyers.
Go Hawkeyes!Iowa is a farmer’s paradise. Some of the most fertile farmlands in the country are found in Iowa, and as a result the state is the biggest producer of soybeans, corn, and pork nationwide. The Missouri and Mississippi rivers run along the eastern and western borders of the Hawkeye State, ensuring that there is plenty of water to keep crops hydrated and trade healthy. Major industries in the state include agriculture, farming, food processing, meat packing, and manufacturing. Population growth averages at about 0.5 percent annually. Job growth in Iowa continues at 1.2 percent and unemployment sits at 4.1 percent. For average income, the median household income is $39,469 and the median family income is $48,005 annually.
Wind Farm on the Prairie, IA. Source: The AtlanticIowa Buyers Guide
Iowa homes are exceptionally budget friendly, from the rolling countrysides to the state's major cities. According to Zillow, the average home value in Iowa was $127,800. Some of the most popular metro areas in Iowa are Des Moines, Cedar Rapids, Davenport, Sioux City, and Iowa City.
Iowa is home to its several famous educational programs, from the Iowa Writer's Workshop to Iowa State's famed Agriculture and Life Sciences program. School rankings are mostly good to average throughout the Hawkeye State with the best schools concentrated near major metro areas. Iowa has notable universities that include the University of Iowa, Iowa State University of Science and Technology, University of Northern Iowa, Drake University, and Grinnell College.
On average, Iowa is among the safer states in the nation. In terms of annual crime, violent crime rates are below the 3.8 per 1,000 residents national average at 2.71 while property crime is 21.94 per 1,000 residents and is below the 27.3 national average.
University of Iowa, Iowa City, IA. Source SiteSelection.comCulture and Entertainment
Iowa is home to many great points of interest, including the world famous Iowa State Fair, National Mississippi River Museum and Aquarium, Adventureland, Field of Dreams movie site, and Pikes Peak State Park. Culture revolves around farming and agriculture, so small town values and activities are common throughout the state. Cuisine features Midwestern meat and homestyle cooking with farmer’s market fresh produce.