Rent to Own Homes in Columbus
Located approximately 146 miles northeast of the capital city of Jackson and 120 miles west of Birmingham, Alabama, Columbus Mississippi is a historically significant small city of about 23,000 residents. A hospital town during the American Civil War, Columbus has many historical accolades to its name. It is home to Franklin Academy, the state’s first public school, Mississippi University... Read More
Located approximately 146 miles northeast of the capital city of Jackson and 120 miles west of Birmingham, Alabama, Columbus Mississippi is a historically significant small city of about 23,000 residents. A hospital town during the American Civil War, Columbus has many historical accolades to its name. It is home to Franklin Academy, the state’s first public school, Mississippi University for Women, the nation’s first state-funded public university for women, and to a network of antebellum homes and artifacts. In fact, in 2010 Columbus was awarded a Great American Main Street Award from the National Trust by Historic Preservation. Columbus also is interestingly the birthplace of many famous artists, musicians, and athletes. The famous playwright Tennessee Williams is one of Columbus’s most noted sons. Given its rich history and distinct southern heritage, Columbus is a top tourist destination, visited by thousands annually. This quaint southern city whose motto is “The Friendly City” is among one of the top places to call home in Mississippi.
Buying a Home in Columbus, MS
Home appreciation rates in Columbus are among the highest. Just last year home values increased 6.2%. Compared to the state average of $159,900, the median price of homes here is around $134,400. Median home prices range from a low of $62,834 and a high of $178,196. In fact, 9 out of its 11 neighborhoods have median home price values between $86,778 and $159,378, making home prices here very affordable. Rent prices are also lower than the state average of $1,095. The below results are primarily rent to own homes in Lowndes County, MS:
Located approximately 146 miles northeast of the capital city of Jackson and 120 miles west of Birmingham, Alabama, Columbus Mississippi is a historically significant small city of about 23,000 residents. A hospital town during the American Civil War, Columbus has many historical accolades to its name. It is home to Franklin Academy, the state’s first public school, Mississippi University... Read More
Located approximately 146 miles northeast of the capital city of Jackson and 120 miles west of Birmingham, Alabama, Columbus Mississippi is a historically significant small city of about 23,000 residents. A hospital town during the American Civil War, Columbus has many historical accolades to its name. It is home to Franklin Academy, the state’s first public school, Mississippi University for Women, the nation’s first state-funded public university for women, and to a network of antebellum homes and artifacts. In fact, in 2010 Columbus was awarded a Great American Main Street Award from the National Trust by Historic Preservation. Columbus also is interestingly the birthplace of many famous artists, musicians, and athletes. The famous playwright Tennessee Williams is one of Columbus’s most noted sons. Given its rich history and distinct southern heritage, Columbus is a top tourist destination, visited by thousands annually. This quaint southern city whose motto is “The Friendly City” is among one of the top places to call home in Mississippi.
Buying a Home in Columbus, MS
Home appreciation rates in Columbus are among the highest. Just last year home values increased 6.2%. Compared to the state average of $159,900, the median price of homes here is around $134,400. Median home prices range from a low of $62,834 and a high of $178,196. In fact, 9 out of its 11 neighborhoods have median home price values between $86,778 and $159,378, making home prices here very affordable. Rent prices are also lower than the state average of $1,095. The below results are primarily rent to own homes in Lowndes County, MS:
Popular Neighborhoods in Columbus, MS
One of Columbus’s most popular neighborhoods is Jackson Circle which is just south of the Columbus Air Force Base (CAFB). Family and retiree friendly, Jackson has a large proportion of military families. There are also many spacious homes here, many of them recently built. Jackson circle is also uniquely situated around many bodies of water: Columbus Lake and the Tombigbee River are both to the west, Stinson Creek to the north, and Black Creek to the east. Other attractions include the Dewayne Hayes Campground and the Waverly Plantation in nearby Westpoint. With median real estate and rent prices at $178,196 and $1,035 respectively, Jackson Circle is certainly affordable. Not bad for one of Columbus’s finest neighborhoods.
Buying vs. Rent to Own Homes in Columbus, MS
Buying a home in Columbus need not be a hassle. Home prices are definitely below state and national averages. Rent prices, on average, are also affordable. Aspiring homeowners can be secure in their consideration of Columbus as a place to call home – and without the traditional complex time-consuming route of first securing a mortgage. A rent-to-own option is becoming increasingly popular for aspiring first-time homebuyers, retirees, and downsizers. This unique opportunity enables the said homeowner to first rent the home of their choosing provided they meet rental and contractual obligations. Homeownership in time is then secured all while allowing one’s financial standing to be improved—paying down debt, improving a credit score, saving for a down payment.
Summary
Racially and ethnically diverse, with all of its historic beauty and southern hospitality, Columbus is a great place to call home. 676 historic properties, three National Register Historic Districts, more than 100 restaurants to choose and hundreds of hotels and bed and breakfasts, and shopping venues galore in a thriving downtown – Columbus is a unique blend between its antebellum heritage and its more modern classy southern small city feel. Super friendly and very retirement friendly – one of the states Certified Retirement Communities – Columbus is one unique place to not miss.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
About Our Listings
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
- 39702
- 39705
- 39701
- 39704
- 39703
- 39710