Rent to Own Homes in Garner
With a population of about 28,000, Garner is a small city located in central North Carolina. Historically a farming town in the antebellum south, Garner would undergo many political, economic, and social changes to become what it is today: a thriving town known for its citizen-led volunteerism and burgeoning business, cultural, and artistic reputation. In fact, most notably, in 2013... Read More
With a population of about 28,000, Garner is a small city located in central North Carolina. Historically a farming town in the antebellum south, Garner would undergo many political, economic, and social changes to become what it is today: a thriving town known for its citizen-led volunteerism and burgeoning business, cultural, and artistic reputation. In fact, most notably, in 2013 Garner was named one of 10 All-America Cities by the National Civic League, a prestigious award touted as the “Nobel Prize for civic accomplishment.” Both economically and culturally, Garner is growing, making it one of the most desirable places to live in the Greater Raleigh, North Carolina area.
Buying a Home in Garner, NC
Garner is uniquely and conveniently located in what is known as the “Research Triangle,” a region in North Carolina home to three major universities: North Carolina State University, Duke University, and University of North Carolina at Chapel Hill. (Picture an inverted triangle; Garner is located near the bottom). With a plethora of shopping centers, museums, festivals, art shows and many other cultural exhibitions, being located in the Research Triangle area at a price lower than the surrounding suburbs certainly makes Garner an attractive residential option.The below results are primarily rent to own homes in Wake County, NC:
With a population of about 28,000, Garner is a small city located in central North Carolina. Historically a farming town in the antebellum south, Garner would undergo many political, economic, and social changes to become what it is today: a thriving town known for its citizen-led volunteerism and burgeoning business, cultural, and artistic reputation. In fact, most notably, in 2013... Read More
With a population of about 28,000, Garner is a small city located in central North Carolina. Historically a farming town in the antebellum south, Garner would undergo many political, economic, and social changes to become what it is today: a thriving town known for its citizen-led volunteerism and burgeoning business, cultural, and artistic reputation. In fact, most notably, in 2013 Garner was named one of 10 All-America Cities by the National Civic League, a prestigious award touted as the “Nobel Prize for civic accomplishment.” Both economically and culturally, Garner is growing, making it one of the most desirable places to live in the Greater Raleigh, North Carolina area.
Buying a Home in Garner, NC
Garner is uniquely and conveniently located in what is known as the “Research Triangle,” a region in North Carolina home to three major universities: North Carolina State University, Duke University, and University of North Carolina at Chapel Hill. (Picture an inverted triangle; Garner is located near the bottom). With a plethora of shopping centers, museums, festivals, art shows and many other cultural exhibitions, being located in the Research Triangle area at a price lower than the surrounding suburbs certainly makes Garner an attractive residential option.The below results are primarily rent to own homes in Wake County, NC:
Garner has many homeowners; around 70 percent of residents own their homes, most of which are single family. Garner’s median home value of $174,800 is slightly higher than North Carolina State average of $157,300. What’s more, outpacing the state average of 3.4 %, home values in Garner are expected to rise 3.8%. However, with a median home price of $226,000 across the state, aspiring Garner residents can expect to pay a little more. The median home price in Garner is $244,000, still significantly less than the $280,000 Raleigh average.
Popular Neighborhoods in Garner, NC
One of the safest, most family-friendly neighborhoods in Garner is Juniper. The median real estate price here is $225,686 with an average rental price of $960—lower than almost half of the rent prices in the entire state. Most of the properties are newer, built between 1970 and 1999, with many of them built between 2000 and the present. The public-school system is particularly strong too, as noted by heavy parental involvement and the overall educational attainment level of Garner residents. Most of the residents in Juniper have families with school-age children, making for a fun, vibrant, and sociable living experience.
Garner’s downtown area has experienced economic and cultural revitalization. Its downtown area continues to attract many businesses—most of them small and family-owned. Sports, recreation and the arts are also a major attraction downtown. In keeping with its community and collaborative spirit, Garner’s residents now enjoy and participate in Garner Baseball Inc, the Polar Ice House, and Garner Dog Park. Trick-or-Eat Food Truck Rodeo, a holiday favorite in the fall season, is also enjoyed by Garner residents and visitors alike.
Buying vs. Rent to Own Homes in Garner
Aspiring first-time homeowners and dream house seekers alike can rest in the knowledge that their homeownership goals can be met sooner than later. Traditional financing methods such as securing a mortgage need not be a hassle. With a rent-to-own option aspiring homeowners can first secure the home of their choosing by, first, renting the home and keeping up with payments, and second, getting their finances in order (by, for example, improving their credit score, paying down debt, and saving for a down payment).
Summary
From Town Hall to its diverse residents, the spirit in Garner is one of togetherness, volunteerism, and excellence. Garner residents famously stopped a highway proposal that would have split the town in half, wiping out over 2,000 homes and displacing many residents. When Wake County disclosed that it would close Garner’s only library, its residents likewise rallied together from far and wide to successfully stop the plan. What it lacks in sheer population numbers, Garner makes up with a very strong sense of community and hometown pride. It is no wonder community leaders are making investments in infrastructure, housing, and recreation centers. This town is on the rise—and fast.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
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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