Rent to Own Homes in Breaux Bridge
In 1774, Acadian pioneer Firmin Breaux purchased some land from a wealthy New Orleans merchant, and within about 12 years he was one of the largest property owners in the Bayou Teche country. In... Read More
In 1774, Acadian pioneer Firmin Breaux purchased some land from a wealthy New Orleans merchant, and within about 12 years he was one of the largest property owners in the Bayou Teche country. In 1799, Breaux built a suspension footbridge across the Bayou Teche to make passage easier for family and neighbors. So when giving directions for travel, locals would often say “Go to Breaux’s bridge and…” In time, this was adopted as the name of the city. The below results are primarily rent to own homes in St. Martin Parish, LA:
In 1774, Acadian pioneer Firmin Breaux purchased some land from a wealthy New Orleans merchant, and within about 12 years he was one of the largest property owners in the Bayou Teche country. In... Read More
In 1774, Acadian pioneer Firmin Breaux purchased some land from a wealthy New Orleans merchant, and within about 12 years he was one of the largest property owners in the Bayou Teche country. In 1799, Breaux built a suspension footbridge across the Bayou Teche to make passage easier for family and neighbors. So when giving directions for travel, locals would often say “Go to Breaux’s bridge and…” In time, this was adopted as the name of the city. The below results are primarily rent to own homes in St. Martin Parish, LA:
Breaux’s son Agricole built a bridge there for vehicles in 1817. Twelve years later, after Agricole’s death, his widow, Scholastique Picou Breaux, drew up a plan for the city and began selling parcels of land. Thus, the town was officially established in 1829. It was incorporated in 1859.
In addition to its proximity to Lafayette, Breaux Bridge is just 50 miles from Baton Rouge and 125 miles from New Orleans. An hour’s drive to the south brings you to Vermilion Bay, beyond which are the tranquil, aquamarine waters of the Gulf of Mexico.
Buying a Home in Breaux Bridge
The median cost of a home in Breaux Bridge is about $110,600, which is a full 40 percent below the national average. Current home listings range from $80,000 to $639,000. Overall, the cost of living in this small Louisiana city is 17 percent below the national average.
The median age of Breaux Bridge’s residents is 32.8, and about 44 percent of the population is married. About 69 percent of the residential real estate is owner occupied. Home appreciation is an impressive 25 percent over the past ten years.
The crime rate in Breaux Bridge is exceptionally low, with a rating of 16 (out of 100). That compares quite well to the national average of 31.1.
The St. Martin Parish School Board serves Breaux Bridge. The schools include Breaux Bridge Primary School (PK-3), Breaux Bridge Elementary School (4-6), Breaux Bridge Junior High School (7-8), and Breaux Bridge High School (9-12).
Buying vs. Rent to Own Homes
You may be thinking of a move to this part of Louisiana with its mild climate and low housing cost. But buying a home requires a down payment and pre-qualification, and you may conclude that home ownership is beyond your reach. However, many are taking advantage of rent-to-own arrangements. A portion of each month’s rent goes toward a down payment to eventually buy the house. Renters who may not be able to afford an initial down payment can still look forward to becoming proud homeowners.
Summary
Indeed, The Crawfish Capital of the World has much to recommend it. A friendly, small-town atmosphere together with proximity to larger cities mean that the area has something for everyone. The pleasant climate makes it an enjoyable place year round. And the low cost of living along with a positive outlook on job growth make Breaux Bridge a good place to be both now and in the future.
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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