Rent to Own Homes in Hattiesburg
Lumberman and civil... Read More
Lumberman and civil engineer William H. Hardy founded the town in 1882 and affectionately named it after his wife Hattie. It was incorporated two years later with a population of 400; today about 50,000 people called the Hattiesburg metropolitan area home, making it the fourth largest city in the state. Popular attractions include the 12-acre Hattiesburg Zoo and the Hattiesburg Historic Neighborhood District.The below results are primarily rent to own homes in Forrest County, MS:
Lumberman and civil... Read More
Lumberman and civil engineer William H. Hardy founded the town in 1882 and affectionately named it after his wife Hattie. It was incorporated two years later with a population of 400; today about 50,000 people called the Hattiesburg metropolitan area home, making it the fourth largest city in the state. Popular attractions include the 12-acre Hattiesburg Zoo and the Hattiesburg Historic Neighborhood District.The below results are primarily rent to own homes in Forrest County, MS:
The Hattiesburg National Historical District is a 25-block neighborhood boasting one of the best concentrations of Victorian-era homes in the state. It was added to the National Register of Historic Places in 1980, and in 2011 was named one the “Great Places in America” to live by the American Planning Association.
Buying a Home in Hattiesburg
The median price of homes in Hattiesburg is about $130,000, and you can find a luxury home for under $400,000. Homes appreciated nearly 14% over the past year. There are over thirty schools, both public and private, in the Hattiesburg area; not all are highly rated, so families with children will want to do some investigating when neighborhood shopping. 54% of the residents are homeowners, 38% are single, and the median age is 33, so it’s a good place for young people and young families.
Hattiesburg is a safe city as well. The violent crime rating is only 20 out of 100, which is less than
half the national average of 41.4.
Popular Neighborhoods in Hattiesburg
In addition to the Hattiesburg Historic Neighborhood District, the Broadway Drive/Richburg Road neighborhood – located in the 39402 zip code – is one of the nicer neighborhoods in Hattiesburg. Most of the residences are medium- to large-sized homes and were built between 1970 and 1999. This is area has a “college town” feel, as nearly 13% of the residents are college students. It’s also ranked in the top 10% of all Mississippi neighborhoods for the executive lifestyle; nearly 50% of the residents are white collar workers.
To the west is the Route 98/Cole Road neighborhood, also in the 39402 zip code. This area is home to large houses and wealthy, educated executives. 96.2% of the residents are married couples, among the highest in the US, and it’s in the top 15% in the nation in terms of income. Two small lakes grace the environs, and the Canebrake Country Club and Shadow Ridge Golf Club are close by.
Buying vs. Rent to Own Homes
Hattiesburg may already be enticing you with its southern charm and low cost of living. Getting financing for a home, however, is a long process and requires a down payment and pre-qualification. If you’re not quite ready for that step, no need to worry. Many are taking advantage of rent-to-own options. Renters agree to live in a home for a specified period of time and, after that time expires, they have the option to buy. A portion of each month’s rent goes toward a down payment to eventually buy the house. It’s a win-win for everyone: Money in the owner’s pocket, and the possibility of owning a home for the tenants.
Cost of Living in Hattiesburg
Hattiesburg isn’t an expensive place to live. Overall, the cost of living is 11% below the national average. Health care, groceries, transportation, clothing, restaurants, and entertainment all come in below the national average. But housing in Hattiesburg is the biggest factor here; it is a very affordable 30% below the national average.
Summary
Although Hattiesburg is growing, it still has the quaint, charming feel of a small southern town. Living here is more than affordable, and if you need the bustle and excitement of the big city, take your pick: Jackson, Mobile, and New Orleans are less than two hours away. At the other end of the spectrum, a day lazing at the beach and enjoying the warm, tranquil waters of the Gulf is easy and convenient.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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