Rent to Own Homes in Alexandria
Alexandria first began as a settlement in the late 1700's, making it one of the older cities in Louisiana. The rich history of the city includes an occupation by the Union army during the Civil War. Each year Alexandria hosts multiple festivals which honor Louisiana's Cajun culture. These events regularly draw more than 10,000 attendees and are a wonderful time when the city comes together.
Popular attractions in the city include the Alexandria Cultural Arts District which encompasses a large portion of downtown. There you will find the Alexandria Museum of Art as well as numerous performance venues which include the Riverfront Amphitheater. The Alexandria International Airport is an important hub of transportation for Louisiana, serving to connect the northern and southern portions of the state as well as accommodating out-of-state flights from Atlanta, Dallas, and Houston.
Buying a Home in Alexandria?
There are roughly 20,000 housing units in Alexandria. Approximately 9,300 of the city's residents own their own home. The median price of a home in Alexandria is $123,200 and the average monthly mortgage is $1,106. These numbers are lower than the nation as a whole, making Alexandria an attractive location for home buyers.
With less than 50% of residents owning their own homes, Alexandria also offers a vibrant housing market with many attractive homes to choose from. The housing in the city is very modern, with 81% of its homes being built after 1990. Homes tend to be large with 60% having three or more bedrooms. Popular Neighborhoods in Alexandria
The Anandale/Willow Glen neighborhood in Alexandria is among the nicest the city has to offer. This walkable, quiet neighborhood is occupied by an almost even mix of married couples and singles. The close proximity of this neighborhood to the Red River lends itself to an easygoing and peaceful atmosphere.
The McNutt/Gardner neighborhood is one of the more upscale locations in the city. Homes here tend to be slightly more expensive than the city average. The neighborhood is very quiet and is inhabited by a large number of married couples. The majority of residents of McNutt/Gardner can be classified as Urban Sophisticates. Buying vs. Rent to Own Homes
Buying a home in Alexandria can be somewhat easier than purchasing a home in other areas of the United States because of the city's thriving housing market, but a rent to own home can be even more attractive. There is no traditional qualifying and the process can be much easier for young couples who are buying their first home.
The other advantage of a rent to own home in Alexandria is that it represents a far better economical decision than a standard rental. While there are many rental properties in Alexandria, a rent to own home puts a significant portion of each month's rent toward eventual ownership. The rent for these properties can also be locked in over a period of time like a traditional house payment, meaning that buyers are less likely to encounter rent increases that often accompany standard rentals.