Rent to Own Homes in Biloxi
Sitting squarely on the pristine shores of the Gulf of Mexico, Biloxi, along with Gulfport, is the seaside playground of the state of Mississippi.... Read More
Sitting squarely on the pristine shores of the Gulf of Mexico, Biloxi, along with Gulfport, is the seaside playground of the state of Mississippi. And Biloxi’s 45,000 residents know they’ve found a good thing. With Mobile, Alabama just 60 miles to the east and the one-of-a-kind city of New Orleans 90 miles to the west, it’s got everything: beaches, mild winters and hot summers, and the lights of the big city just a short hop down the interstate.The below results are primarily rent to own homes in Harrison County, MS:
Sitting squarely on the pristine shores of the Gulf of Mexico, Biloxi, along with Gulfport, is the seaside playground of the state of Mississippi.... Read More
Sitting squarely on the pristine shores of the Gulf of Mexico, Biloxi, along with Gulfport, is the seaside playground of the state of Mississippi. And Biloxi’s 45,000 residents know they’ve found a good thing. With Mobile, Alabama just 60 miles to the east and the one-of-a-kind city of New Orleans 90 miles to the west, it’s got everything: beaches, mild winters and hot summers, and the lights of the big city just a short hop down the interstate.The below results are primarily rent to own homes in Harrison County, MS:
Old Biloxi (now the town of Ocean Springs, just to the east) was founded in 1699, and the character of the town remained decidedly French for well over a century. The Biloxi Lighthouse, dating to 1848, still stands proudly near the shore as a sentinel of a bygone era, and proudly holds its place on the National Register of Historic Places. It remains one of the most photographed sites on the Gulf Coast.
Buying a Home in Biloxi
The median cost of a home in Biloxi is $157,600, and you can easily find something under $100,000 that will put you within walking distance of the beach. Beautiful waterfront homes and condos are also available in the $200,000-$300,000 range. Good quality schools are not hard to find in Biloxi; many of them are rated from 8-10 (out of 10) by GreatSchools. Some, however, are rated lower, so families with school-aged children will want to do some investigating when shopping for a neighborhood. Nearly half of the population – 45.2% – is married, and 54% of Biloxi’s residents own their own homes.
Popular Neighborhoods in Biloxi
If you’re drawn to the water, the Bienville Blvd/Oak St neighborhood may be just right for you. It’s on the tip of a peninsula and surrounded on three sides by water. The picturesque Biloxi Bay Bridge is accessible from here; it takes you to Gulf Island National Seashore, Mobile, and points farther east. More than half of the homes were built after 1999, and it’s a quaint, walkable, historic area. The median real estate price is $186,000.
Wool Market, part of the Gulfport-Biloxi metropolitan area, is a quiet area, far enough away from the coast to avoid the tourist crush but close enough to the Gulf to enjoy all the amenities of seaside living. It retains a rural feel, and most homes are owner occupied. It’s an upper-middle class area; the median home price is $223,000, and over 40% of the residents are in management or professional occupations.
Buying vs. Rent to Own Homes
If Biloxi’s seaside charm has already captivated you, you may be ready to make the move. But buying a home can be a long process requiring money and pre-qualification which, frankly, puts many out of the running. No worries. Many are taking advantage of rent-to-own options. Renters agree to live in a home for a specified period of time, and after that time expires, they have the option to buy. A portion of each month’s rent goes toward a down payment to eventually buy the house. It’s a win-win for everyone: Money in the owner’s pocket, and the possibility of owning a home for the tenants.
Cost of Living in Biloxi
More good news: the cost of living in Biloxi is 7% below the national average. In all general categories – housing, groceries, utilities, healthcare, and transportation – Biloxi wins out against the national numbers. The cost of housing is definitely in the plus column, as it’s an impressive 16% lower than the national average.
Summary
With 26 miles of sandy beaches, seven major casinos, a small-town feel, quiet neighborhoods, and great fishing and seafood, what’s not to like? And if you need a taste of the big city, New Orleans and Mobile are less than two hours away. Biloxi’s seaside southern charm, competitive cost of living, and mild climate make it a great place to call home.
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
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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