Search all the latest Rent to Own Homes in Madison Heights Mi 48071. There are more than 4 rent to own homes currently on the market. Try out homes and neighborhoods without the buying commitment by choosing a rent to own property. It’s a simple process with the homeowner, you start out as a renter, and then purchase the property when you're financially ready to apply for a home loan with a local bank. The rent-to-own process allows new home buyers with poor credit scores, or who lacks the down-payment required by the bank, the opportunity to live in their home while working on improving their credit and saving funds.
Remember, not all sellers in Madison Heights Mi 48071 will offer up their homes as a Rent To Own, but it's worth researching and locating those opportunities. We have listed 4 rent to own homes currently on the market, below.
Madison Heights is a city in Oakland County in the U.S. state of Michigan. It is a suburb of Detroit. As of the 2010 census, its population was 29,694.
Originally part of Royal Oak Township, Madison Heights incorporated as a city by popular vote on January 17, 1955, and chartered on December 6 that same year, becoming the tenth city government in southern Oakland County. At that time, the 7.2 square miles (18.6 km2) city was one of the largest suburban communities in the Metro Detroit area. The first city hall was located at 26305 John R Road, the former township offices. On April 5, 1963, a new municipal building was dedicated which is on the present location at 300 West Thirteen Mile Road. The city lies in the Interstate 696 (I-696) and I-75 corridor and is served by two primary school districts, Lamphere and Madison, as well as a full-service municipal government. The current mayor of Madison Heights is Brian Hartwell.
According to the United States Census Bureau, the city has a total area of 7.09 square miles (18.36 km2), all land.
Although 91% of the buildings in Madison Heights are single-family homes or condominiums (approximately 9,800 residential property owners), 60% of the tax base is fueled by light industrial or commercial property. Madison Heights was named a "High Tech Hot Spot" by a local magazine.
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