Rent to Own Homes in Henderson
The local Cherokee called the area “Red Banks” because of the reddish clay soil there, and... Read More
The local Cherokee called the area “Red Banks” because of the reddish clay soil there, and by the end of the 18th century, a small number of American-European settlers had arrived. A post office was established there in 1801, and the city was incorporated in 1840. It was named in honor of Col. Richard Henderson, an 18th-century pioneer and land speculator.The below results are primarily rent to own homes in Henderson County, KY:
The local Cherokee called the area “Red Banks” because of the reddish clay soil there, and... Read More
The local Cherokee called the area “Red Banks” because of the reddish clay soil there, and by the end of the 18th century, a small number of American-European settlers had arrived. A post office was established there in 1801, and the city was incorporated in 1840. It was named in honor of Col. Richard Henderson, an 18th-century pioneer and land speculator.The below results are primarily rent to own homes in Henderson County, KY:
During the 1800s, tobacco was the bread and butter of the city. It was reported that Henderson County produced more tobacco than any other place in the world, and Henderson itself was said to have more millionaires per capita than any other city in the world. The industry went into decline after World War I; the last tobacco facility closed in 1984.
Both naturalist and painter John James Audubon and blues musician W.C. Handy called Henderson, Kentucky home. Each year, the Handy Blues & Barbecue Festival is held in the city. It is one of the largest outdoor free concerts in the nation.
Along with its proximity to Evansville, Henderson is centrally located between Louisville, Nashville, St. Louis, and Indianapolis. The furthest is St. Louis, at 180 miles away.
Buying a Home in Henderson
The housing cost in Henderson is an impressive 39 percent below the national average; the median home cost is a mere $112,600. About 58 percent of the residential real estate is owner occupied, and current home listings range from $27,000 to $675,000. The overall cost of living is about 15 percent below the national average.
The median age of Henderson’s residents is 39.4, and about 47 percent of the population is married. The median household income is about $39,600.
The city is served by Henderson County Schools, which is comprised of eight elementary, two middle, and one high school. There are also one alternative school, one parochial school, and a school for children with special needs.
Popular Neighborhoods in Henderson
Henderson and its area are comprised of nine constituent neighborhoods. The Baskett/Beals neighborhood, north-northeast of the city center, is made up mainly of small- to medium-sized single-family homes and apartment complexes. The residents are a mixture of renters and owners. It is a middle-income neighborhood, and the median home cost is $170,000. The entire northern border of this neighborhood is the Ohio River.
Just to the south is the Spottsville neighborhood. The homes are medium- to large-sized, and there are apartment buildings as well, although most of the residential real estate is owner-occupied. Many of the homes were built after 1970. It’s ranked in the top nine percent of family-friendly neighborhoods in the entire Blue Grass State. The median home cost is about $147,000.
Buying vs. Rent to Own Homes
This charming city on the Ohio River may already sound like a place to investigate. But buying a home isn’t always an easy process. If down payments and pre-qualification worry you, consider a rent-to-own arrangement. You start out renting, but a part of each month’s rent is applied toward a down payment to eventually buy the house. It’s doesn’t require a down payment all at once, and you can look forward to owning the house you already consider home.
Summary
The picturesque Ohio River is a large part of this community, and its proximity to Evansville puts big city amenities literally just across the bridge. The southern charm, mild weather, good schools, and family-friendly neighborhoods make Henderson a good option if you’re looking for a place to settle and put down roots.
Rent to Own Realtors
Most realtors aren’t going to want to work with a client looking for a rent to own deal. The upfront profit for a realtor is minimal, and the largest chunk of the commission isn’t guaranteed – even after the contract is signed. Successful rent to own deals make the bulk of commission for realtors as far as three years in the future.
Good realtors know that if they’ve done their job qualifying and showing a buyer options that meet their tastes and budgets, a rent to own deal has a great chance of success. But good realtors are rare.
Instead of using a realtor, learn about rent to own yourself and meet with professionals in the title, mortgage and legal industries to increase your chances of success.
About Our Listings
When you’re looking for your first townhouse or condo, you learn pretty quickly that it’s difficult to secure financing for houses when you have bad credit. However, you can find properties, like apartments, in our free listings that might meet your needs.
Our database includes free listings for cheap properties available for lease-purchase, rent to own by owner, foreclosed homes and owner financing. Many of these programs will work with you with no credit check.
The convenient part of rent to buy and lease to purchase agreements is that they give buyers time to prepare to purchase a home by saving up a down payment and improving their credit score. Owner financing often has less stringent requirements than conventional financing. Search for properties near me to find the program that’s most convenient.
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