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Rent to Own Homes in Florence
Florence is a northwestern Alabama city resting on the northern shores of the Tennessee River, less than five miles north of Muscle Shoals and approximately 110 miles north of Birmingham. With Nashville and Memphis, Tennessee, within a three-hour drive of the city and Atlanta, Georgia, about four hours away, this central location attracts many residents who want to live in a small town with low crime rates while remaining a short commute from the action of larger cities.
The average commute time for Florence residents is typically under 10 minutes, reflecting the number of businesses offering jobs within city lines. Employment is readily available through the manufacturing industry as well as with the local school system and the city's medical facilities. With a new hospital established in East Florence and small businesses coming to town, job opportunities are expected to grow along with the population in coming years. The below results are primarily rent to own homes in Lauderdale County, AL:
Florence is a northwestern Alabama city resting on the northern shores of the Tennessee River, less than five miles north of Muscle Shoals and approximately 110 miles north of Birmingham. With Nashville and Memphis, Tennessee, within a three-hour drive of the city and Atlanta, Georgia, about four hours away, this central location attracts many residents who want to live in a small town with low crime rates while remaining a short commute from the action of larger cities.
The average commute time for Florence residents is typically under 10 minutes, reflecting the number of businesses offering jobs within city lines. Employment is readily available through the manufacturing industry as well as with the local school system and the city's medical facilities. With a new hospital established in East Florence and small businesses coming to town, job opportunities are expected to grow along with the population in coming years.
Many Florence families are attracted to the city due to the many educational opportunities. For higher education, adults can attend the University of North Alabama, which was once known as Florence State College. Kids in kindergarten through 12th grade attend schools operated by Florence City Schools. This school system includes Florence High School, Florence Middle School, the Florence Freshman Center and a collection of elementary schools. There are also some private schools in town, giving students an alternative to public education.
Buying a Home in Florence
If you're moving to Florence with children or teenagers, the best public schools are Forest Hills School, Underwood Elementary and Rogers High School. Most public schools provide a high quality of education, but you can also select from a few local private schools. Approximately 70 percent of residents own their homes, and you can expect to see median home prices under $150,000. If you plan on commuting to work, you may want to select a neighborhood that's close to the highway.
Popular Neighborhoods in Florence
One of the most popular Florence neighborhoods is located in the southeastern portion of the city. Known as St. Florian, this area is positioned northwest of the University of North Alabama and borders the Tennessee River. There are many large homes with at least three or four bedrooms in this area, and you can expect median real estate prices over $200,000. For lower real estate prices, look in the southwestern corner of the city to a neighborhood known as Woodland. The homes are a little older and most are small with two or three bedrooms, but the median real estate price is closer to $100,000.
Buying vs. Rent to Own Homes
Rent-to-own homes in Florence are a good option for any consumer interested in purchasing a home within the next few years. These properties offer unique contracts that start out with a rental period. In some cases, a portion of the rental payment is saved for future use as a down payment. When you invest in this type of home, you have a specified period of time to purchase the property or move out to give another buyer a chance. As long as you follow through with the purchase, you will leave renting behind and become a homeowner.
Summary
Florence is a city in northwestern Alabama with a population of around 40,000 residents. The city offers a small-town living environment with affordable housing and low crime rates, but it's also a short drive from many larger cities like Nashville, Memphis and Atlanta, Georgia. This area has a moderate climate with hot summers and winter highs around 55 degrees Fahrenheit, and the city offers employment through manufacturing companies and the local school system. Most residents spend less than 10 minutes commuting for employment.
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:
- 35632
- 35631
- 35634
- 35633
- 35630