Rent to Own Homes in Bardstown
Bardstown is located within Nelson County, approximately 40 miles south of Lexington, Kentucky. The city was originally named Baird's Town in honor of two brothers who were first to purchase land in this area of the state and settle down. While the city was once best known for the historic Bardstown depot, the Bardstown cathedral and My Old Kentucky... Read More
Bardstown is located within Nelson County, approximately 40 miles south of Lexington, Kentucky. The city was originally named Baird's Town in honor of two brothers who were first to purchase land in this area of the state and settle down. While the city was once best known for the historic Bardstown depot, the Bardstown cathedral and My Old Kentucky Home State Park, there are now many new attractions that bring families as well as professionals to this small town.
Some of the biggest attractions today include the local Civil War Museum, the Oscar Getz Museum of Whiskey History, Old Bardstown Village and the Bourbon Heritage Center. This is a great place to visit if you want to learn about the history of Kentucky or are interested in looking through antique shops. There are some family-friendly parks in the city, including Dean Watts Park. The local wineries and breweries are also popular with some residents.The below results are primarily rent to own homes in Nelson County, KY:
Bardstown is located within Nelson County, approximately 40 miles south of Lexington, Kentucky. The city was originally named Baird's Town in honor of two brothers who were first to purchase land in this area of the state and settle down. While the city was once best known for the historic Bardstown depot, the Bardstown cathedral and My Old Kentucky... Read More
Bardstown is located within Nelson County, approximately 40 miles south of Lexington, Kentucky. The city was originally named Baird's Town in honor of two brothers who were first to purchase land in this area of the state and settle down. While the city was once best known for the historic Bardstown depot, the Bardstown cathedral and My Old Kentucky Home State Park, there are now many new attractions that bring families as well as professionals to this small town.
Some of the biggest attractions today include the local Civil War Museum, the Oscar Getz Museum of Whiskey History, Old Bardstown Village and the Bourbon Heritage Center. This is a great place to visit if you want to learn about the history of Kentucky or are interested in looking through antique shops. There are some family-friendly parks in the city, including Dean Watts Park. The local wineries and breweries are also popular with some residents.The below results are primarily rent to own homes in Nelson County, KY:
As of the 2010 census, there were approximately 12,000 residents in Bardstown. With a median income around $50,000 per household or $60,000 per family, this is one of the more affluent cities in the United States.
Buying a Home in Bardstown?
While the median income in Bardstown is much higher than the incomes in many other U.S. cities today, the cost of housing in the city remains reasonable. The median listing price is often around $200,000 and frequently stays a bit lower. The median home size is around 2,000 square feet, and it's common for buyers to pay around $100 per square foot on average. You may need to watch the housing market carefully to find properties that meet your needs, since there are typically fewer than 200 homes for sale at any given time.
Buying vs Rent to Own Homes?
Rent-to-own homes allow you to move into your future home before you're ready to buy the property. You serve as the renter to the property's current owner and have the opportunity to buy the home within a designated period of time. You can use the rental period to settle into your new home and prepare for the home-buying process. Once you purchase the home, you become the new owner.
Bardstown is positioned less than 50 miles from Lexington and boasts an above-average median income level. That doesn't translate into an expensive housing market, so you can find affordable homes for sale at any given time. The city has fewer than 15,000 residents and is home to a variety of museums, breweries, wineries, antique shops and small restaurants. This is a great place to call home if you want to enjoy a suburban lifestyle while taking advantage of jobs in larger cities nearby.
Summary
Bardstown is positioned less than 50 miles from Lexington and boasts an above-average median income level. That doesn't translate into an expensive housing market, so you can find affordable homes for sale at any given time. The city has fewer than 15,000 residents and is home to a variety of museums, breweries, wineries, antique shops and small restaurants. This is a great place to call home if you want to enjoy a suburban lifestyle while taking advantage of jobs in larger cities nearby.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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