Rent to Own Homes in Byram
In the early 1990s, the city of Jackson began attempts to annex Byram, but its residents... Read More
In the early 1990s, the city of Jackson began attempts to annex Byram, but its residents filed lawsuits, fearing that such action would result in higher taxes and poor quality public services. The matter went all the way to the Mississippi Supreme Court. Finally, on June 16, 2009, Byram was incorporated again, becoming Mississippi’s 297th municipality.The below results are primarily rent to own homes in Hinds County, MS:
In the early 1990s, the city of Jackson began attempts to annex Byram, but its residents... Read More
In the early 1990s, the city of Jackson began attempts to annex Byram, but its residents filed lawsuits, fearing that such action would result in higher taxes and poor quality public services. The matter went all the way to the Mississippi Supreme Court. Finally, on June 16, 2009, Byram was incorporated again, becoming Mississippi’s 297th municipality.The below results are primarily rent to own homes in Hinds County, MS:
The city was named for A. M. Byram, an early settler who donated most of the land for the depot. Today, Byram is home to about 11,500 residents.
Byram is home of the Swinging Bridge, a short-span vehicular suspension bridge built in 1905 and spanning the Pearl River. These were common in Mississippi in the late 19th and early 20th centuries, but very few still remain. Now a historical landmark, it was closed to vehicles in 1987 and is open only to foot traffic.
Buying a Home in Byram
Byram is rapidly becoming an affluent suburb of Jackson. Still, the median home price is $120,600, which is 35 percent below the national average. Overall, the cost of living in Byram is over 15 percent below the national average. Recent home listings range from $90,000 to $379,000. The median household income is about $55,500.
The median age is 33, and about 47 percent of the population is married, making Byram a good place for young couples and families. The rates of both violent crime and property crime are more than ten percent below the national average.
Byram is served by the Hinds County School District, which is comprised of three elementary schools, two elementary/middle schools, two middle schools, and two high schools. There is one school – Byram Middle School – within the city limits.
Popular Neighborhoods in Byram
Most of the residential real estate in the Spring Ridge/Seven Springs neighborhood is owner occupied. The area is comprised mainly of medium- to large-sized single-family homes and mobile homes. The median home price is about $188,000. It is an established area but not old, with many homes built after 1970; some were built after 200. This neighborhood is rated in the top 6.5 percent of family-friendly places in Mississippi.
Buying vs. Rent to Own Homes
Perhaps Byram is already calling to you with its southern charm and low cost of living. Getting financing for a home, however, is a long process and requires a down payment and pre-qualification. If you’re not quite ready for that step, no need to worry. 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 for the tenants, the real possibility of becoming proud homeowners.
Summary
Byram’s mild climate – an average high of 56 in January and 92 in July and August – make it a pleasant place all year round. The low cost of housing, low crime rate, and family-friendly neighborhoods make it an attractive place to live. It is a growing, affluent suburb of Jackson, which is right next door if you need a taste of the big city.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
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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