Rent to Own Homes in Jonesboro
Jonesboro is a comfortable college town full of amenities and Southern charm in Northeast Arkansas. More than 71,000 people live in Jonesboro, making it Arkansas’ fifth most populous city. It’s part of Craighead County and 70 miles north of Memphis, Tenn. Interstate 555 conveniently runs through town for regional travel, and Jonesboro Municipal Airport offers daily... Read More
Jonesboro is a comfortable college town full of amenities and Southern charm in Northeast Arkansas. More than 71,000 people live in Jonesboro, making it Arkansas’ fifth most populous city. It’s part of Craighead County and 70 miles north of Memphis, Tenn. Interstate 555 conveniently runs through town for regional travel, and Jonesboro Municipal Airport offers daily flights to St. Louis.
The Jonesboro area is known as the retail, manufacturing and educational center of the region, home to the Mall at Turtle Creek, Hytrol Conveyor Company, Nestle and Unilever. Arkansas State University is located in the center of town, serving 14,000 undergraduate and graduate students. Local kids attend Jonesboro School District campuses from kindergarten to grade 12. Jonesboro Public School District provides many magnet schools specializing in subjects such as math and science, arts and international studies.The below results are primarily rent to own homes in Craighead County, AR:
Jonesboro is a comfortable college town full of amenities and Southern charm in Northeast Arkansas. More than 71,000 people live in Jonesboro, making it Arkansas’ fifth most populous city. It’s part of Craighead County and 70 miles north of Memphis, Tenn. Interstate 555 conveniently runs through town for regional travel, and Jonesboro Municipal Airport offers daily... Read More
Jonesboro is a comfortable college town full of amenities and Southern charm in Northeast Arkansas. More than 71,000 people live in Jonesboro, making it Arkansas’ fifth most populous city. It’s part of Craighead County and 70 miles north of Memphis, Tenn. Interstate 555 conveniently runs through town for regional travel, and Jonesboro Municipal Airport offers daily flights to St. Louis.
The Jonesboro area is known as the retail, manufacturing and educational center of the region, home to the Mall at Turtle Creek, Hytrol Conveyor Company, Nestle and Unilever. Arkansas State University is located in the center of town, serving 14,000 undergraduate and graduate students. Local kids attend Jonesboro School District campuses from kindergarten to grade 12. Jonesboro Public School District provides many magnet schools specializing in subjects such as math and science, arts and international studies.The below results are primarily rent to own homes in Craighead County, AR:
Buying a Home in Jonesboro?
Those looking to buy a home in Jonesboro appreciate the city’s affordable homes. While prices climbed the past three years, prices are still budget-friendly. Half of all homes in the area sell for less than $143,000 or about $71 per square foot. That’s well below the national median home price of $201,000 at $139 per square foot. Homes sell more quickly in spring and summer, generally selling within 67 to 74 days. Winter and fall sales are little slower, selling within 79 to 88 days of listing. Whether you buy a home in spring or fall, the selling pace gives you plenty of time to find the home for you.
Buying vs. Rent to Own Homes ?
If you want to take advantage of Jonesboro’s affordable home prices before they increase, you may benefit from a rent-to-own option. With rent to own homes, you pay today's home price, but you don't finalize the sale for a year or two in the future. You make monthly progress toward owning your own home, paying a monthly rent premium that's credited to your eventual home purchase. This process is a more flexible and incremental way to buy your home compared to a conventional home purchase. It’s a great solution for those who aren’t quite ready to put down a large down payment.
From cheering on the hometown university’s Red Wolves to fishing in Craighead Forest Park lake, Jonesboro offers residents friendly entertainment. Locals can shop at the mall, take a quick day trip into Memphis, stroll around historic downtown or browse the museum at Arkansas State University. In addition to all of the city’s activities, locals also treasure Jonesboro’s affordable homes. With a median home price of $143,000, the town is full of economical homes in the low $100,000's.
Summary
From cheering on the hometown university’s Red Wolves to fishing in Craighead Forest Park lake, Jonesboro offers residents friendly entertainment. Locals can shop at the mall, take a quick day trip into Memphis, stroll around historic downtown or browse the museum at Arkansas State University. In addition to all of the city’s activities, locals also treasure Jonesboro’s affordable homes. With a median home price of $143,000, the town is full of economical homes in the low $100,000's.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
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.
- 72401
- 72404
- 72403
- 72402