Rent to Own Homes in Elgin
Rent to Own Homes in Elgin SC
Elgin is a small town in central South Carolina that contained more than 3,000 residents in 2016. This area is approximately 20 miles northeast of Columbia and 60 miles west of Florence. There are some entertainment venues located within city limits, but many residents commute to Columbia and other nearby towns for employment and outdoor recreation. Sesquicentennial State Park is within a 15-minute drive to the west, and the Cobblestone Park Golf Course is within a 30-minute drive to the north.
There are some popular restaurants and bars located within Elgin, including Blaney's Backyard Grille. Jefferson Davis Highway, also known as Main Street, cuts through the center of town and will lead you to most of the city's retail stores, supermarkets and restaurants. The post office and many small businesses offering jobs in the area are also located near this central roadway.
Rent to Own Homes in Elgin SC
Elgin is a small town in central South Carolina that contained more than 3,000 residents in 2016. This area is approximately 20 miles northeast of Columbia and 60 miles west of Florence. There are some entertainment venues located within city limits, but many residents commute to Columbia and other nearby towns for employment and outdoor recreation. Sesquicentennial State Park is within a 15-minute drive to the west, and the Cobblestone Park Golf Course is within a 30-minute drive to the north.
There are some popular restaurants and bars located within Elgin, including Blaney's Backyard Grille. Jefferson Davis Highway, also known as Main Street, cuts through the center of town and will lead you to most of the city's retail stores, supermarkets and restaurants. The post office and many small businesses offering jobs in the area are also located near this central roadway.
According to the United States Census Bureau, approximately 90 percent of Elgin residents were high school graduates as of 2010. The median family income is now above $65,000, and the median income per household is above $50,000. Many residents are attracted to this region of South Carolina because the cost of housing is often 50 percent or more below the national average, and the overall cost of living is typically below average as well.
Buying vs Rent to Own Homes
Are you ready to buy a home in the Elgin area? If so, perhaps you're qualified to move into a rent-to-own house. You can follow the traditional home-buying process to purchase these properties, but you also have the option of renting for a year or longer. You don't have to worry about other buyers making offers on the property while you're locked into a rent-to-own contract, and you have the option of purchasing the home at a defined price. This gives you some time to improve your credit score, income and other financial variables so that you qualify for a lower interest rate when you do take out a mortgage loan.
Summary
Elgin is a small South Carolina town with fewer than 5,000 residents. The city boasts a high average income and is a short drive from Columbia, but most long-term residents stay for the family-friendly, small-town experience. The population is mostly high school educated and enjoys easy access to a variety of small restaurants, bars and retail shops through the city's Main Street. With a low cost of living and a variety of jobs a short commute from the city, Elgin is expected to continue its slow growth in years to come.
Rent To Own Labs provides a diverse set of real estate listings, including rent to own (“lease to own” or “lease purchase”), owner financing, foreclosed, for sale by owner, and rental home opportunities. These listings are available to low-income residents and those with bad credit or no credit, and include both condos & houses. Rent to own homes near me include the list of zip codes we serve in this area:
- 29045