Rent to Own Homes in Chelsea
Chelsea is a small town located northwest of the Coosa River in central Alabama. The city is less than 20 miles south of Birmingham, 60 miles east of Tuscaloosa and 75 miles north of Montgomery. Chelsea is included in Shelby County and is approximately 30 miles west of the Talladega National Forest. Some of the city’s primary attractions include... Read More
Chelsea is a small town located northwest of the Coosa River in central Alabama. The city is less than 20 miles south of Birmingham, 60 miles east of Tuscaloosa and 75 miles north of Montgomery. Chelsea is included in Shelby County and is approximately 30 miles west of the Talladega National Forest. Some of the city’s primary attractions include Chelsea Park, Heardmont Park and small entertainment venues like Treetop Family Adventure.
According to the U.S. Census Bureau, there were approximately 10,000 Chelsea residents in 2010. This is up from a population of less than 1,000 when the city was first established in 1996. Households in this growing city are estimated to have a median income well above $70,000. The majority of employed residents work in managerial, administrative or sales positions. Other prominent fields include education, healthcare and production.
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Rent to Own Homes in Chelsea AL
Chelsea is a small town located northwest of the Coosa River in central Alabama. The city is less than 20 miles south of Birmingham, 60 miles east of Tuscaloosa and 75 miles north of Montgomery. Chelsea is included in Shelby County and is approximately 30 miles west of the Talladega National Forest. Some of the city’s primary attractions include Chelsea Park, Heardmont Park and small entertainment venues like Treetop Family Adventure.
According to the U.S. Census Bureau, there were approximately 10,000 Chelsea residents in 2010. This is up from a population of less than 1,000 when the city was first established in 1996. Households in this growing city are estimated to have a median income well above $70,000. The majority of employed residents work in managerial, administrative or sales positions. Other prominent fields include education, healthcare and production.
In addition to local jobs, Chelsea residents can commute to Birmingham for employment opportunities. Some of the major employers for this region of the state include the University of Alabama, Regions Financial Corporation, St. Vincent’s Health System, Honda Manufacturing, Baptist Health System Incorporated, Alabama Power and Mercedes Benz. There are also many jobs available through small retails hops and prestigious restaurants throughout Birmingham.
Buying vs Rent to Own Homes
If your goal is to purchase a home in the Chelsea area within the next two or three years, you should consider purchasing a rent-to-own home. This is an easy way to give yourself more time to secure financing for your new home, and you won’t have to move again once you close the deal. You sign the contract and then move into the property right away. You pay rent each month while preparing to close on the home. Once the purchase is final, you take overall responsibility for the home and officially become the owner.
Summary
Chelsea is a central Alabama town located close to Birmingham and the Talladega National Forest. Residents have access to a variety of job opportunities, especially if they’re willing to commute to Birmingham and other surrounding cities. The city boasts a high median income, and the housing market demands above-average prices. Even though most residents pay more than the national average for their homes, the overall cost of living for the city tends to stay close to the national average. It’s common to see the median home price rise well above $250,000, especially for the most in-demand neighborhoods.
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