Rent to Own Homes in Bartlett

Bartlett was served by the Shelby County school system, but in 2013 the residents approved the formation of the Bartlett City School District. It went into operation in the fall of 2014 and includes 11 buildings – two high schools, three middle schools, and six elementary schools. Two private schools are also located within the city limits.

Buying a Home in Bartlett

Homes are affordable in Bartlett, as the median home price is about $165,000. Luxury homes are available as well; some recent sales have been in the $500,000 range. The average age of Bartlett’s residents is 40, and nearly 59% are married, making it a family-friendly town. Schools in Bartlett are rated anywhere from 4 to 9 (out of 10), although most are in the 8-9 range. So families with children should do some investigating when neighborhood shopping.

It’s worth mentioning that Bartlett is a safe place to live. With a rating (out of 100) of 19 for violent crime and 26 for property crime, it’s well below the national averages of 41.4 and 43.5 respectively.

Popular Neighborhoods in Bartlett

The Route 70/Brunswick Rd. area is an attractive neighborhood, with medium- large-sized homes, many of which were built after 1970. Most residences are owner occupied. The stately homes here tend to hold their value and even appreciate, and it’s a good place for the executive lifestyle. The median home cost is about $295,000.

On the north side of Bartlett is the Brunswick neighborhood. Many homes here were built after 2000, and the median price is about $225,000. A large number of 4- and 5-bedroom single-family homes make this an area worth considering.

Buying vs. Rent to Own Homes

Bartlett may already sound like a good place to live. But getting financing for a home can be difficult. If you’re not quite ready for that step, there is another option. Many are taking advantage of rent-to-own options. A portion of each month’s rent goes toward a down payment to eventually buy the house. This allows renters – who may not be in a position to buy a home outright – to eventually become proud homeowners.

Summary

Across the boards – housing, health care, utilities, groceries, etc. – Bartlett is below the national average in cost of living statistics. Overall, the cost of living is more than 10% lower than the national average. Good neighborhoods, low crime, a good school system, and proximity to the major metropolis of Memphis make Bartlett an attractive place to settle and put down roots.

Rent to Own Realtors

Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.

Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.

So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.

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.