Rent to Own Homes in Ashland
About 124 miles east of Lexington, Ashland is located in the northeastern corner of Kentucky just minutes from the southern bank of the Ohio River. The largest city in Boyd County, KY with a population of over 21,000 as of the 2010 census, Ashland was once a major industrial city. Today, Ashland stands as a leading economic and medical center for the northeastern part of the state.... Read More
About 124 miles east of Lexington, Ashland is located in the northeastern corner of Kentucky just minutes from the southern bank of the Ohio River. The largest city in Boyd County, KY with a population of over 21,000 as of the 2010 census, Ashland was once a major industrial city. Today, Ashland stands as a leading economic and medical center for the northeastern part of the state. The city’s largest employer, King’s Daughters Medical Center, is located here. Other distinctive features of Ashland include its various cultural events and fairs, historical structures and museums, and many parks and outdoor recreational activities. The Festival of Trees, Summer Motion, Paramount Arts Center, Highlands Museum and Discovery Center, and Clyffeside Park are among the many attractions and activities making Ashland one of the region’s best places to live. With a “Proud Past, a Bright Future” – as the city’s website proudly boasts – Ashland is certainly going to attract its fair share of new residents.
Buying a Home in Ashland, KY
Right now is an excellent time to purchase a home in Ashland. Whether a first-time homebuyer, downsizer, or investor, the affordable real estate here is destined to get much attention. Lower than the state and Lexington averages of $159,900 and $225,475 respectively, the median prices of homes in Ashland sit comfortably at $107,500. What’s more, Ashland has experienced significant home appreciation in recent years. Last year alone, home values increased 11.7% and Zillow predicts an increase of 6.3% within the next year. The below results are primarily rent to own homes in Boyd County, KY:
About 124 miles east of Lexington, Ashland is located in the northeastern corner of Kentucky just minutes from the southern bank of the Ohio River. The largest city in Boyd County, KY with a population of over 21,000 as of the 2010 census, Ashland was once a major industrial city. Today, Ashland stands as a leading economic and medical center for the northeastern part of the state.... Read More
About 124 miles east of Lexington, Ashland is located in the northeastern corner of Kentucky just minutes from the southern bank of the Ohio River. The largest city in Boyd County, KY with a population of over 21,000 as of the 2010 census, Ashland was once a major industrial city. Today, Ashland stands as a leading economic and medical center for the northeastern part of the state. The city’s largest employer, King’s Daughters Medical Center, is located here. Other distinctive features of Ashland include its various cultural events and fairs, historical structures and museums, and many parks and outdoor recreational activities. The Festival of Trees, Summer Motion, Paramount Arts Center, Highlands Museum and Discovery Center, and Clyffeside Park are among the many attractions and activities making Ashland one of the region’s best places to live. With a “Proud Past, a Bright Future” – as the city’s website proudly boasts – Ashland is certainly going to attract its fair share of new residents.
Buying a Home in Ashland, KY
Right now is an excellent time to purchase a home in Ashland. Whether a first-time homebuyer, downsizer, or investor, the affordable real estate here is destined to get much attention. Lower than the state and Lexington averages of $159,900 and $225,475 respectively, the median prices of homes in Ashland sit comfortably at $107,500. What’s more, Ashland has experienced significant home appreciation in recent years. Last year alone, home values increased 11.7% and Zillow predicts an increase of 6.3% within the next year. The below results are primarily rent to own homes in Boyd County, KY:
Popular Neighborhoods in Ashland, KY
Ashland’s ten neighborhoods feature median home prices between a low of $52,205 in the city’s northeastern corner and a high of $113,015 in the eastern Valley View Drive neighborhood. The rest of the eight neighborhoods feature median home prices between $63,248 and $106,123.
Ashland’s Normal neighborhood is a particularly bright spot. The median real estate and rent prices here are $63,248 and $799 respectively. With a higher than average vacancy rate of 17.6%, residential options here are in great abundance. Prices will likely remain stable too in the near future. Two things residents of Normal routinely enjoy are the Golden Oaks Memorial Gardens and Ohio River.
Buying vs. Rent to Own Homes in Ashland, KY
Beginning the homebuying process can come with its fair share of complications but this need not be an obstacle any longer. First time homebuyers, downsizers and retirees have all benefited from the rent to own option. This unique opportunity enables said the said homeowner to first live in the home of their choosing. Provided rental and contractual obligations are met, homeownership is made possible in no time. One’s financial standing can also be remarkably improved in the interim from renting and owning (paying down debt, improving a credit score, and saving for a down payment).
Summary
Aspiring homeowners looking to resettle in northeastern Kentucky ought to give Ashland strong consideration. Its combination of affordable housing, high appreciation rates, thriving cultural scene, and outdoor recreational opportunities make it an excellent place to call home. The sheer scope of things to do here is simply amazing. Local residents and visitors have year-round activities to look forward to. The Winter Wonderland of Lights Festival, Highland Museum, Paramount Arts Center, and Poage Landing Days – all critically acclaimed attractions - are among just a few of the things making this Kentucky city one of the best places for aspiring homeowners to consider this year.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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