Rent to Own Homes in Anniston
Located 63 miles east of Birmingham, AL and 90 miles west of Atlanta, GA, Anniston is located in the eastern part of Alabama. Historically a major iron, steel, and textile city, Anniston is noted for a number of historical feats: in 1882 it was the first city in Alabama to be lighted with electricity; as early as 1884 telephones were being used; and the Noble Institute, a school for girls,... Read More
Located 63 miles east of Birmingham, AL and 90 miles west of Atlanta, GA, Anniston is located in the eastern part of Alabama. Historically a major iron, steel, and textile city, Anniston is noted for a number of historical feats: in 1882 it was the first city in Alabama to be lighted with electricity; as early as 1884 telephones were being used; and the Noble Institute, a school for girls, was established in 1886. Anniston, both in its storied past and more recent modernized incarnation, has enjoyed two notable distinctions. In the late 19th century it was named “The Model City” and in 1978 was awarded the All-American City Award. And there are no signs that Anniston is slowing down anytime soon. Its historic downtown area has been revitalized throughout the years, creating a thriving artistic and cultural scene. Much of Anniston’s historical architecture has also been restored. Many of its museums, cultural artifacts, historic homes, and mountainous trails – all in its inclusive, community-oriented atmosphere with increasingly affordable residential options – make Anniston one place not to miss.
Buying a Home in Anniston, AL
Homes in Anniston are among the most affordable in the state and region. Median home prices here comfortably sit at $89,500, much less than the state average of $170,000. Throughout Anniston’s 16 neighborhoods, the median price of homes range from a low of $41,125 in the south-central Oxanna neighborhood to a high of $159, 449 in the southeastern Henry Road neighborhood. With home values here and across the state expected to increase over the next year, purchasing a home in Anniston presents a great opportunity for aspiring homeowners looking for affordable options with the potential to appreciate overtime.The below results are primarily rent to own homes in Calhoun County, AL:
Located 63 miles east of Birmingham, AL and 90 miles west of Atlanta, GA, Anniston is located in the eastern part of Alabama. Historically a major iron, steel, and textile city, Anniston is noted for a number of historical feats: in 1882 it was the first city in Alabama to be lighted with electricity; as early as 1884 telephones were being used; and the Noble Institute, a school for girls,... Read More
Located 63 miles east of Birmingham, AL and 90 miles west of Atlanta, GA, Anniston is located in the eastern part of Alabama. Historically a major iron, steel, and textile city, Anniston is noted for a number of historical feats: in 1882 it was the first city in Alabama to be lighted with electricity; as early as 1884 telephones were being used; and the Noble Institute, a school for girls, was established in 1886. Anniston, both in its storied past and more recent modernized incarnation, has enjoyed two notable distinctions. In the late 19th century it was named “The Model City” and in 1978 was awarded the All-American City Award. And there are no signs that Anniston is slowing down anytime soon. Its historic downtown area has been revitalized throughout the years, creating a thriving artistic and cultural scene. Much of Anniston’s historical architecture has also been restored. Many of its museums, cultural artifacts, historic homes, and mountainous trails – all in its inclusive, community-oriented atmosphere with increasingly affordable residential options – make Anniston one place not to miss.
Buying a Home in Anniston, AL
Homes in Anniston are among the most affordable in the state and region. Median home prices here comfortably sit at $89,500, much less than the state average of $170,000. Throughout Anniston’s 16 neighborhoods, the median price of homes range from a low of $41,125 in the south-central Oxanna neighborhood to a high of $159, 449 in the southeastern Henry Road neighborhood. With home values here and across the state expected to increase over the next year, purchasing a home in Anniston presents a great opportunity for aspiring homeowners looking for affordable options with the potential to appreciate overtime.The below results are primarily rent to own homes in Calhoun County, AL:
Popular Neighborhoods in Anniston, AL
As the most expensive neighborhood in Anniston (yet one that is still under the median price of homes across the state), the Henry Road / Fairway Drive neighborhood deserves mentioning. Neighborhood Scout’s analysis reveals that its combination of peaceful and quiet atmosphere, low crime rates, many housing options, and choice of excellent schools make it a great option for families and retirees. Another noteworthy feature, given its close proximity to Route 1, 78, 431 and interstate 20, are its excellent commuter times, some of the shortest in the state. The Anniston Country Club and its easy access to the Mountain Longleaf National Wildlife Refuge, a 9,016-acre mountainous area open to the public for walking, biking, and exploration, are just two more notable mentions making this neighborhood one of the city’s finest.
Buying vs. Rent to Own Homes in Anniston, AL
Compared to many other parts of the state and region, Anniston is both very affordable and livable. Aspiring homeowners looking to settle in the northern Alabama region ought to give this city strong consideration. As opposed to the traditional financing method of securing an expensive mortgage, a rent to own option is an excellent opportunity for the aspiring homeowner. This unique arrangement enables the aspiring homeowner to first rent the home of their choosing provided rental payments and contractual obligations are met. In the process, one’s financial standing can be improved (i.e., improving credit scores, paying down debt, and saving for a down payment).
Summary
Nestled in the scenic northeastern part of the state, Anniston, Alabama is a distinctly southern city with a long and interesting history. As the city continues to be revitalized, its storied past is blending nicely with its progressive future. Residents here revel in everything the city has to offer. From many locally-owned retail shops and restaurants, numerous hiking and biking trails to its thriving artistic scene, historic architecture, and exciting year-round events and activities (Shamrockin' 5K Color Run/Walk, Noble Street Festival and Alabama Cycling Classic are three ready to soon kick off), Anniston is brimming with life, fun, and adventure.
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
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These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
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