Rent to Own Homes in Elizabethton
Surrounded by natural beauty, Elizabethton is close to several state parks, and Great Smoky Mountains National Park, the most visited national park in the United States, is just two hours away. Watauga Lake and South Holston Lake are close by, and the town is within 30 miles of both the North Carolina and Kentucky borders. The closest big city is Charlotte, NC, about 140 miles away. However, Johnson City, with a population of 65,000, lies just to the west of Elizabethton.The below results are primarily rent to own homes in Carter County, TN:
Surrounded by natural beauty, Elizabethton is close to several state parks, and Great Smoky Mountains National Park, the most visited national park in the United States, is just two hours away. Watauga Lake and South Holston Lake are close by, and the town is within 30 miles of both the North Carolina and Kentucky borders. The closest big city is Charlotte, NC, about 140 miles away. However, Johnson City, with a population of 65,000, lies just to the west of Elizabethton.The below results are primarily rent to own homes in Carter County, TN:
Most of Elizabethton’s downtown area is on the National Register of Historic Places. The Elizabethton Historic District has properties that date from the late 18th century to the 1930s. The buildings include Carter County Courthouse, Barnes-Boring Hardware, the former Elizabethton Post Office, and some of the city’s oldest and most beautiful homes.
Buying a Home in Elizabethton
The median home price in Elizabethton is about $98,000, which means the cost of housing in this Tennessee town is an impressive 47 percent below the national average. Overall, the cost of living is nearly 22 percent below the national average. Recent home listings range from $77,500 to $525,000, and empty lots are available for building as well.
About 48 percent of the population is married, and the median age is 43. Over 61 percent of the homes are owner occupied. It’s a safe town; the violent crime rating is 29 (out of 100), which compares well to the national average of 41.4. Schools are under the auspices of the Elizabethton City Schools district; there are three elementary schools, a middle school, and a high school.
Popular Neighborhoods in Elizabethton
The western section of Elizabethton, the Cedar Grove/Milligan College area, is less than five minutes from the Johnson City boundary. This neighborhood features small- to medium-sized single-family homes and apartment complexes. Median home price is about $138,000. Because of the college, it’s a popular area for students and a very walkable area.
Just to the east is the Watauga Point/Riovista neighborhood. Small single-family homes and mobile homes make up most of the residences, and most are owner occupied. The median home price is about $138,000. The neighborhood is well established, with many homes built between 1940 and 1970.
Buying vs. Rent to Own Homes
Elizabethton may already be beckoning you with its small town charm and low cost of housing. Getting financing for a home, however, can be a difficult process. There is an alternative. Many are taking advantage of rent-to-own options. A portion of each month’s rent goes toward a down payment to eventually purchase the home. Renters who may not be able to afford one large outlay of cash for a down payment can still look forward to being homeowners.
Summary
With average highs in January of 44 degrees, Elizabethton’s climate features mild winters and pleasant summers. The natural beauty of the area, small town atmosphere, low cost of living, and historical charm of the downtown area all make Elizabethton a place to think about when considering a town to settle in and put down roots.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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