Rent to Own Homes in Horn Lake
Located about 20 miles south of Memphis TN and 15 miles east of the Mississippi River, Horn Lake is a small but fast-growing city in northern Mississippi. With a population just over 14,000 at the 2000 Census, Horn Lake has since grown almost 50 percent. Today it records a population count of 26,000 and is projected to grow even more. Horn Lakes’ educational system (it is a part of... Read More
Located about 20 miles south of Memphis TN and 15 miles east of the Mississippi River, Horn Lake is a small but fast-growing city in northern Mississippi. With a population just over 14,000 at the 2000 Census, Horn Lake has since grown almost 50 percent. Today it records a population count of 26,000 and is projected to grow even more. Horn Lakes’ educational system (it is a part of the DeSoto County School District, the largest in the state), recent economic development, park and recreational activities, and many community organizations make it a very desirable place to live. Because of its abundance in natural resources, walking areas, and trees Horn Lake has been named the “Greenest City” in Mississippi. Horn Lake, in short, is a family-friendly outdoor lovers’ paradise.
Buying a Home in Horn Lake, MS
Perhaps the most famous property in Horn Lake is the "Elvis Ranch," more formally recognized as the Circle G Ranch, where the famous musician once lived with his wife. Elvis’ former abode aside, though, the residential properties in Horn Lake are in abundance and are quite affordable. The median home value in Horn Lake is $82,500, slightly lower than the state median home value of $111,900. In recent years home values here increased and, according to Zillow, are expected rise 8.3% within the next year. This makes for a very promising time to purchase a home given that the median price of homes in Horn Lake is currently listed at $92,450, significantly lower the Mississippi average of $159,900. The below results are primarily rent to own homes in DeSoto County, MS:
Located about 20 miles south of Memphis TN and 15 miles east of the Mississippi River, Horn Lake is a small but fast-growing city in northern Mississippi. With a population just over 14,000 at the 2000 Census, Horn Lake has since grown almost 50 percent. Today it records a population count of 26,000 and is projected to grow even more. Horn Lakes’ educational system (it is a part of... Read More
Located about 20 miles south of Memphis TN and 15 miles east of the Mississippi River, Horn Lake is a small but fast-growing city in northern Mississippi. With a population just over 14,000 at the 2000 Census, Horn Lake has since grown almost 50 percent. Today it records a population count of 26,000 and is projected to grow even more. Horn Lakes’ educational system (it is a part of the DeSoto County School District, the largest in the state), recent economic development, park and recreational activities, and many community organizations make it a very desirable place to live. Because of its abundance in natural resources, walking areas, and trees Horn Lake has been named the “Greenest City” in Mississippi. Horn Lake, in short, is a family-friendly outdoor lovers’ paradise.
Buying a Home in Horn Lake, MS
Perhaps the most famous property in Horn Lake is the "Elvis Ranch," more formally recognized as the Circle G Ranch, where the famous musician once lived with his wife. Elvis’ former abode aside, though, the residential properties in Horn Lake are in abundance and are quite affordable. The median home value in Horn Lake is $82,500, slightly lower than the state median home value of $111,900. In recent years home values here increased and, according to Zillow, are expected rise 8.3% within the next year. This makes for a very promising time to purchase a home given that the median price of homes in Horn Lake is currently listed at $92,450, significantly lower the Mississippi average of $159,900. The below results are primarily rent to own homes in DeSoto County, MS:
Popular Neighborhoods in Horn Lake, MS
One of the most affluent neighborhoods in Horn Lake and in almost all of the state is Aldens. The median real estate price here is $185,380 and the rental price is currently at around $1,212, both significantly higher than the city and state averages. The quality of housing here, though, is definitely noteworthy. Most of the homes have recently been built and offer many rent and owner options. Aldens is also very conveniently located as it is situated next to major highways, allowing for easy access to surrounding major cities like Memphis and international airports. Commuter times, as a result, aren’t much of problem for residents here.
Buying vs. Rent to Own Homes in Horn Lake, MS
From 1970 to the present day, one notable feature of Horn Lake has remained constant: its population growth. From under 3,000 people more than 40 years ago to over 26,000 today, Horn Lake has experienced significant growth and revitalization. Economic expansion was at the center of this growth. This, in turn, has spurred a demand for residential properties. Most of the properties here are new, constructed between 1970-2000, with many designed after 2000. Aspiring homeowners, then, can expect a newly constructed home at an affordable price.
With the many housing options available, perhaps the best avenue to take is a rent-to-own one. No need to be boggled down by time consuming and difficult mortgage acceptance processes. A rent-to-own option allows one to first rent the home of one’s choosing and on the condition that rent payments are made over the course of predetermined time period eventual home purchase and ownership become possible. This process provides the aspiring homeowner with valuable time to get finances in order (i.e., improve a credit score, pay off debt, and save for a down payment).
Summary
There are a lot of things to love about Horn Lake: an abundance of water, natural resources, parks, walking areas, outdoor recreational activities, year-round favorable weather, great schools, and affordable homes. There is much to see and do in Horn Lake—and what better way to experience it all than by purchasing a home in a growing and affordable quaint city located only miles from the Tennessee border. Outdoor lovers, families, those desiring to live in a small city with quick access to major cities, highways, and airports, this one is for you!
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
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
- 38637