Rent to Own Homes in Asheboro
There is a ton of natural beauty to behold in Asheboro. Lakes, streams, creeks, mountains, and plentiful hilltops, parks, and walking trails, not to mention excellent year-round weather, make it an outdoor lover’s dream come true. Also home to the North Carolina Zoo, one of the nation’s largest, various historic sights and buildings, a thriving downtown area, this quaint diverse city in the heart of North Carolina certainly lives up to its motto, “exactly where you want to be.”The below results are primarily rent to own homes in Randolph County, NC:
There is a ton of natural beauty to behold in Asheboro. Lakes, streams, creeks, mountains, and plentiful hilltops, parks, and walking trails, not to mention excellent year-round weather, make it an outdoor lover’s dream come true. Also home to the North Carolina Zoo, one of the nation’s largest, various historic sights and buildings, a thriving downtown area, this quaint diverse city in the heart of North Carolina certainly lives up to its motto, “exactly where you want to be.”The below results are primarily rent to own homes in Randolph County, NC:
Buying a Home in Asheboro, NC
Apartment and home prices in Asheboro are among the most affordable in the state and country. Its median home price of $147,500 is significantly lower than the state’s median price of $226,000. It is worth noting that of Asheboro’s ten neighborhoods, nine of them feature median home prices between $99,358 and $143,133. Aspiring residents, downsizers, anyone looking to call Asheboro home, for that matter, can expect an abundance of residential options at affordable rates.
Home values on average in Asheboro are currently around $120,000, compared to the slightly higher $157,300 state average. North Carolina in general – and Asheboro in particular – have seen home values rise considerably in recent years. In fact, just last year, according to Zillow, Asheboro home values went up 9.3%. Within the next year home values in Asheboro are expected to keep pace with the state average, rising 3.5%.
Popular Neighborhoods in Asheboro, NC
Asheboro’s neighborhoods are all relatively affordable. Even the most expensive neighborhood in Asheboro, Old Lexington Road, is still, on average, more affordable than most places in North and other parts of the country. The median Real Estate price in Old Lexington Road is $196,208, still lower that the North Carolina average of $226,000. Its average rental price of $721 is certainly affordable, again lower than the state average of $1,150. In fact, according to Neighborhood Scout, rent prices in Old Lexington are lower than more than 80 percent of the neighborhoods in North Carolina.
Affordable prices aside, there is much to love about The Old Lexington Road neighborhood. There are many bodies of water located here--streams, lakes, creeks. This neighborhood is also bordered by a major interstate highway to the east, Interstate 74, and U.S. Highway 64 to the south, providing easy access to other major cities in the state. Overall, as evidenced by its vacancy rate, low crime, scenic beauty, stable home ownership, this is a desirable place to call home.
Buying vs. Rent to Own Homes in Asheboro, NC
Home ownership is an idealized dream for many. What better time to actualize this goal than now—when, in places like Asheboro, affordable homes in excellent neighborhoods are in large supply? While the traditional passage of securing a mortgage is still followed by many, aspiring homeowners can make use of a rent-to-own option. This unique opportunity allows the aspiring homeowner, downsizer, retiree, or dream house seeker, to first secure the home they would like to eventually own. In the process of living in their rented home, provided rental payments and contractual obligations are met, said homebuyer can eventually own their home. Renting the home first allows one’s financial standing to improve remarkably. It makes a world of a difference, financially speaking, when debt is paid off, credit scores improve, and when a greater down payment can be made.
Summary
Asheboro’s solid employment numbers, diverse range of business and entertainment venues, array of affordable residential opportunities, and amazing scope of natural wonders make it a place certainly worth living in. Asheboro is very community and family centered. Residents can expect ample year-round opportunities for engaging and beautifying their city. The soon coming Families Who Cook Together Chili Cooking Class and 2017 Father-Daughter Dinner and Dance Event are two such examples of Asheboro’s family and creative blend coming together. This is one place not to miss.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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