Rent to Own Homes in Baker
Initially known as Cottonville, Baker was the site of a prosperous cotton plantation operated by the Groom family in the early 1800s. The name was changed to Baker in 1888; according to one story, it was named after a “Mr.... Read More
Initially known as Cottonville, Baker was the site of a prosperous cotton plantation operated by the Groom family in the early 1800s. The name was changed to Baker in 1888; according to one story, it was named after a “Mr. Baker” who lived there during the Civil War. Agriculture remained the main industry well into the 20th century. The industrial expansion taking place to the south as well as the demands of World War II eventually brought a different economic face to the city.The below results are primarily rent to own homes in East Baton Rouge Parish, LA:
Initially known as Cottonville, Baker was the site of a prosperous cotton plantation operated by the Groom family in the early 1800s. The name was changed to Baker in 1888; according to one story, it was named after a “Mr.... Read More
Initially known as Cottonville, Baker was the site of a prosperous cotton plantation operated by the Groom family in the early 1800s. The name was changed to Baker in 1888; according to one story, it was named after a “Mr. Baker” who lived there during the Civil War. Agriculture remained the main industry well into the 20th century. The industrial expansion taking place to the south as well as the demands of World War II eventually brought a different economic face to the city.The below results are primarily rent to own homes in East Baton Rouge Parish, LA:
Along with its proximity to the Louisiana state capital, Baker is just a couple of miles from the mighty Mississippi River and less than 100 miles from New Orleans. Downtown Baton Rouge is just 11 miles away.
On the first full weekend of September each year, denizens of Baker enjoy the Baker Buffalo Festival. Started in 1981 as a fundraiser for Baker schools, it includes a parade, talent contest, art contest, rides, live music, Queen’s pageant, buffalo wing cook-off, and car show.
Buying a Home in Baker
Recent home listings in Baker range from $35,000 to $199,000. The median price of a home is $122,500, which is an impressive 34 percent below the national average. Overall, the cost of living in Baker is nearly 15 percent below the national average. The median age is about 33, and 40 percent of the population is married.
Residents of Baker are zoned to the City of Baker School System. Several schools are within the city limits, including Baker heights Elementary School and Baker High School. Parents with school-aged children should investigate the schools before deciding on a neighborhood to settle in. Unincorporated areas with Baker addresses are cared for by the East Baton Rouge Parish Public Schools district.
Baker has an impressively low crime rate; it’s rated 14 (out of 100) for violent crime, which compares extremely well to the national average of 41.4.
Popular Neighborhoods in Baker
The city center is usually where the action is, and it’s no exception in Baker. The neighborhood is primarily made up of small- to medium-sized single-family homes and apartment buildings. Most of the residential real estate is owner occupied. The median home price is about $147,000. This area includes shopping and dining options as well as Myrtle Park and Clark Park Golf Course.
Nearby is Greenwood Community Park, a 390-acre area with a lake, golf course, pro shop, disc golf course, dog park, playground, and tennis center.
Buying vs. Rent to Own Homes
Baker may already be calling to you with its small-town southern charm and proximity to Baton Rouge. Getting financing for a home, however, requires a down payment and pre-qualification. Many are taking advantage of rent-to-own opportunities. A portion of each month’s rent goes toward a down payment to eventually buy the house. It’s a good alternative, as it doesn’t require a huge outlay of cash all at once. Instead, the down payment gradually accrues over a period of time, and the tenant can look forward to being a proud homeowner – without having to move!
Summary
Mild winters and hot summers make Baker a pleasant place year round. The low cost of living, low crime rate, and friendly neighborhoods are a draw for families. It retains its quiet, small-town atmosphere, but the amenities of the big city are literally just a few minutes away.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
About Our Listings
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
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