Rent to Own Homes in Corinth
Founded in 1853, it was originally known as Cross City because it served as the junction... Read More
Founded in 1853, it was originally known as Cross City because it served as the junction for the Mobile & Ohio and Memphis & Charleston railroads. A local newspaper editor suggested the name Corinth after the city in ancient Greece that also served as an important crossroads in the ancient world.The below results are primarily rent to own homes in Alcorn County, MS:
Founded in 1853, it was originally known as Cross City because it served as the junction... Read More
Founded in 1853, it was originally known as Cross City because it served as the junction for the Mobile & Ohio and Memphis & Charleston railroads. A local newspaper editor suggested the name Corinth after the city in ancient Greece that also served as an important crossroads in the ancient world.The below results are primarily rent to own homes in Alcorn County, MS:
Corinth changed hands several times during the Civil War; it was abandoned by Confederate General P. G. T. Beauregard to Union Major General Henry W. Halleck shortly after the Battle of Shiloh. The Union set up forces there. During the Battle of Corinth in 1862, Confederate troops took the city, but for less than a day. It was recaptured when Union reinforcements arrived.
The Midtown Corinth Historic District was added to the National Register of Historic Places in 1993. At that time, there were no less than 229 contributing buildings. This area developed from about 1855 to the early 1940s.
Buying a Home in Corinth
The cost of housing in Corinth is an impressive 36 percent below the national average. The median home price is about $119,000; recent listings range from $39,900 to $399,000. Overall, the cost of living in this small Mississippi town is 15 percent below the national average. The population has grown about 20 percent since 1990. The median age is about 39, and approximately 49% of the population is married.
The city is served by the Corinth School District, which is comprised of about a dozen schools, including an elementary, middle, and high school within the city limits. The schools are rated by GreatSchools between 4 and 8 (out of 10), so families with school-aged children should do some investigating when shopping for a neighborhood.
Popular Neighborhoods in Corinth
The N Harper Rd/Whippoorwill Cove neighborhood takes in the city center. Most residences are small- to medium-sized single-family homes and apartment complexes. The median home price is about $132,000. The area is established but not old, with many homes being built after 1970. The city center is a walkable area, with many stores and restaurants nearby.
Buying vs. Rent to Own Homes
Corinth may already be enticing you with its small town southern charm and low cost of living. Getting financing for a home, however, can be a long process and requires a down payment and pre-qualification. If you’re not quite ready for that step, there is an alternative. 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. Renters who may not be able to afford the initial outlay of cash for a down payment can still look forward to being proud homeowners.
Summary
With a mild southern climate – highs average 90 in July and 49 in January – along with family-friendly neighborhoods, an interesting history, low housing cost, and positive job growth, Corinth may just be the right place in which to settle and put down roots. And if you need a taste of the big city, Memphis isn’t far away.
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
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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