Rent to Own Homes in Lumberton
Lumberton is well known as the hometown of many celebrities, including National Football League stars Brad Edwards, Vonta Leach and Sean Locklear. Several Major League Baseball players and actresses like Penny Fuller have also called this city home in their younger years. The city sits on the edge of the Lumber River in southeastern North Carolina and serves as the seat of Robeson County. The Lumberton Regional Airport rests on the southwestern edge of the city, and I-95 cuts through the northern region, making it easy for residents to commute to surrounding cities and states.
Charlotte and Columbia, South Carolina, are located within 130 miles of Lumberton, allowing residents to reach both of these cultural and economic centers in under three hours by highway. Raleigh is less than 100 miles to the north, and residents can drive to several coastal beaches in less than two hours without traffic. This includes North Carolina beaches like Carolina Beach and Wrightsville Beach as well as Myrtle Beach in South Carolina. The below results are primarily rent to own homes in Robeson County, NC:
Lumberton is well known as the hometown of many celebrities, including National Football League stars Brad Edwards, Vonta Leach and Sean Locklear. Several Major League Baseball players and actresses like Penny Fuller have also called this city home in their younger years. The city sits on the edge of the Lumber River in southeastern North Carolina and serves as the seat of Robeson County. The Lumberton Regional Airport rests on the southwestern edge of the city, and I-95 cuts through the northern region, making it easy for residents to commute to surrounding cities and states.
Charlotte and Columbia, South Carolina, are located within 130 miles of Lumberton, allowing residents to reach both of these cultural and economic centers in under three hours by highway. Raleigh is less than 100 miles to the north, and residents can drive to several coastal beaches in less than two hours without traffic. This includes North Carolina beaches like Carolina Beach and Wrightsville Beach as well as Myrtle Beach in South Carolina.
Lumberton is a small town with many small shopping centers and restaurants, and there are some family-friendly businesses in the city as well. This includes the Exploration Station learning center for children and Carolina Peddlers Country Mall, which is a great place to look for antiques.
Buying a Home in Lumberton
This southern North Carolina city gives you many options if you're searching for homes under $100,000. Property prices tend to hover around this figure, but that doesn't mean that there aren't some luxury homes listed for more than $300,000 at times. This buyer-friendly market allows most consumers to find large homes with at least three bedrooms for around $200,000, and you can buy fixer-uppers for much less than $100,000. More than 60 percent of residents own their homes, so you shouldn't struggle to find established communities with low rental property rates.
Popular Neighborhoods in Lumberton
Mayfair is one of the more popular Lumberton neighborhoods for families as well as active singles and couples. The community is established with some new constructions as well as older homes, so you'll find a variety of home prices in the area. Residents have easy access to the nature trails at French Park and Woodside swimming pool, and the community tends to attract people who want to spend time outdoors and maintain their property well. If you're searching for the best place to build a customized home, you can't go wrong with the prestigious neighborhood known as The Oaks.
For the best schools and lowest crime rates, stick to neighborhoods on the western side of the city. You'll find many small communities with cheap homes in this area as well as more upscale neighborhoods with larger and newer homes.
Buying vs. Rent to Own Homes
Are the low housing prices in Lumberton tempting you to apply for a mortgage loan? Don't assume that going through the standard process of applying for pre-approval first is your only path to ownership. You can escape the rental rat race by investing in a rent-to-own home. These properties allow you to rent the property with the intention of securing a loan and making it your own in the future. You will have a designated period of time to do so, and you can use those months or years to improve your financial standing. This may allow you to qualify for a lower interest rate, which will lower your monthly payment and make your home more affordable.
Cost of Living in Lumberton
The cost of housing in Lumberton often drops about 40 percent below the national average. Even though most consumers pay average prices for other expenses, the overall cost of living tends to sit 10-20 percent below the national average. If you select your home carefully, this is one city that will allow you to live comfortably even if your income isn't substantial. With average rental prices often rising above $800, many residents find that purchasing a home is more affordable in terms of monthly payments.
Summary
Lumberton, North Carolina, may seem like just another small town in southern America, but it has a history of raising NFL and MBL stars as well as a short list of actresses and actors. The city is positioned on the edge of the Lumber River and is within three hours of many larger cities, including Raleigh, Charlotte and Columbia, South Carolina. Residents enjoy a short drive to several beaches along the Atlantic coast and some family-friendly local attractions. From museums to learning centers designed for children, this is a small town that attracts families searching for a safe place to settle down.
Rent To Own Labs provides a diverse set of real estate listings, including rent to own (“lease to own” or “lease purchase”), owner financing, foreclosed, for sale by owner, and rental home opportunities. These listings are available to low-income residents and those with bad credit or no credit, and include both condos & houses. Rent to own homes near me include the list of zip codes we serve in this area:
- 28359
- 28360
- 28358