Rent to Own Homes in Crossville
In 1800 a settler named Samuel Lambeth opened a store at this junction, and the community that developed... Read More
In 1800 a settler named Samuel Lambeth opened a store at this junction, and the community that developed was called Lambeth’s Crossroads. By the 1830s the town was known as Crossville. Later, when Cumberland County was formed, Crossville became the county seat. Today, about 11,400 people call Crossville home.The below results are primarily rent to own homes in Cumberland County, TN:
In 1800 a settler named Samuel Lambeth opened a store at this junction, and the community that developed... Read More
In 1800 a settler named Samuel Lambeth opened a store at this junction, and the community that developed was called Lambeth’s Crossroads. By the 1830s the town was known as Crossville. Later, when Cumberland County was formed, Crossville became the county seat. Today, about 11,400 people call Crossville home.The below results are primarily rent to own homes in Cumberland County, TN:
Both Crossville and Cumberland County suffered a great deal during the Civil War; the well developed roads made it a frequent flashpoint between Union and Confederate troops, and the county sent roughly an equal number of men to both sides of the conflict.
Crossville is situated between Nashville (114 miles), Knoxville (70 miles), and Chattanooga (85 miles). According to the United States Census Bureau, the city occupies an area of 20.3 square miles. Cumberland Mountain State Park is just to the south of the city, and Great Smoky Mountain National Park – the most visited national park in the nation – is just 80 miles to the southeast. At the foothills of the Appalachians, an abundance of hills, forests, rivers, and wildlife make this an outdoor lover’s paradise.
Buying a Home in Crossville
The median home price in Crossville is a modest $94,800, which is an impressive 49 percent lower than the national average. A wide range of homes and prices is available; current listings range from $39,900 to $298,000. The overall cost of living in Crossville is about 17 percent below the average in America. The average age is 36, and about 53 percent of the population is married.
Crossville enjoys mild winters and warm summers. Average high temperatures are 44 in January and 84 in July.
The schools in Crossville are under the auspices of the Cumberland County School District. There are about eight public schools within the city limits, and these are rated from 1 to 9 (out of 10) by GreatSchools. So families with school-aged children should investigate the schools when deciding on a neighborhood.
Popular Neighborhoods in Crossville
Although a small city, Crossville is made up of twelve constituent neighborhoods. The Peavine neighborhood is primarily made up of small- to medium-sized single-family homes and mobile homes. Most of the residential real estate is owner occupied. Over 80 percent of the residents in this area are married, making it an excellent choice for families. The median home price is about $304,000.
To the southwest is the Pomona neighborhood. This area includes Lake Holiday. The real estate options are similar to those in Peavine, but the median house cost comes in a bit lower at $190,000. The average rental price in Pomona is about $780.
Buying vs. Rent to Own Homes
Crossville may already be enticing you with its mild weather and natural setting. But financing a home can be a long, complicated process. That’s why many are taking advantage of rent-to-own opportunities, where a portion of each month’s rent goes toward a down payment to eventually buy the house. It doesn’t require a huge outlay of cash, and renters can look forward to becoming happy homeowners.
Summary
Nestled in the Cumberland Plateau, Crossville is a small, friendly town in a beautiful setting. When you add up the mild climate, good schools, family-friendly neighborhoods, and no less than 12 golf courses, Crossville becomes an attractive place to settle and call home.
Rent to Own Realtors
Realtors can qualify buyers to get an idea of when they will be ready to purchase a rent to buy home and inform them on how long to set the lease term, but mortgage officers can do that too.
Banks can make a lot of profit off of a successful mortgage. That’s why mortgage officers will be willing to help you figure out the details of your rent to own deal. However, real estate agents don’t make enough profit off of rent to own deals to justify waiting a few years for the commission.
While real estate agents might be a logical partner in rent to own deals, you’ll have a lot of difficulties finding one to help you. For everything you think you need a realtor for, consider what other types of professionals might be able to help you, like title companies or lawyers.
About Our Listings
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
- 38555
- 38571
- 38572
- 38558
- 38557