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Rent to Own Homes in McKenzie

McKenzie lies in the wide-open expanse of western Tennessee. It is a small community that has demonstrated steady growth and stability in recent years. McKenzie attracts families due to its highly-regarded local school district. Scenic West Tennessee surroundings bring nature-lovers and outdoor enthusiasts to the area. The cost of living in McKenzie is comparable to the national average in many... Read More
McKenzie lies in the wide-open expanse of western Tennessee. It is a small community that has demonstrated steady growth and stability in recent years. McKenzie attracts families due to its highly-regarded local school district. Scenic West Tennessee surroundings bring nature-lovers and outdoor enthusiasts to the area. The cost of living in McKenzie is comparable to the national average in many categories. Housing costs are significantly lower than the national average, making a home in a rural, picturesque area a possibility for people who are interested in relocating to West Tennessee.

The city of McKenzie is located in western Tennessee, at the point where Carroll, Weakley and Henry Counties converge. According to the United States Census Bureau, the population of McKenzie is just over 5,500 residents. The United States Census of Population and Housing shows steady population growth since the early 2000’s.

The below results are primarily rent to own homes in Carroll:

McKenzie Rent to Own Homes & Homes for Sale (88 Listings Found)
REO Foreclosure

Mc Kenzie , TN 38201

1 Baths  

$22,500
More Details
REO Foreclosure

Mc Kenzie , TN 38201

2 Baths  

$61,249
More Details
REO Foreclosure

Mc Kenzie , TN 38201

1 Baths  

$130,800
More Details
REO Foreclosure

Mc Kenzie , TN 38201

1 Baths  

$130,800
More Details
REO Foreclosure

Mc Kenzie , TN 38201

1.5 Baths  

$130,800
More Details
REO Foreclosure

Mc Kenzie , TN 38201

1.5 Baths  

$81,120
More Details
REO Foreclosure

Mc Kenzie , TN 38201

1 Baths  

$130,800
More Details
REO Foreclosure

Mc Kenzie , TN 38201

1 Baths  

$27,300
More Details
REO Foreclosure

Mc Kenzie , TN 38201

2.5 Baths  

$144,000
More Details
REO Foreclosure

Mc Kenzie , TN 38201

1 Baths  

$60,840
More Details
REO Foreclosure

Mc Kenzie , TN 38201

1 Baths  

$52,260
More Details
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McKenzie lies in the wide-open expanse of western Tennessee. It is a small community that has demonstrated steady growth and stability in recent years. McKenzie attracts families due to its highly-regarded local school district. Scenic West Tennessee surroundings bring nature-lovers and outdoor enthusiasts to the area. The cost of living in McKenzie is comparable to the national average in many categories. Housing costs are significantly lower than the national average, making a home in a rural, picturesque area a possibility for people who are interested in relocating to West Tennessee.
The city of McKenzie is located in western Tennessee, at the point where Carroll, Weakley and Henry Counties converge. According to the United States Census Bureau, the population of McKenzie is just over 5,500 residents. The United States Census of Population and Housing shows steady population growth since the early 2000’s.

The median income of households in McKenzie is estimated at nearly $31,000 per year, based on data from the United States Census Bureau. Careers in education, health care and retail employ nearly half of McKenzie residents. McKenzie is touted as a wonderful place to raise a family. According to the United States Census Bureau, the average family size in McKenzie is just under three people per family. McKenzie Special School District has earned a positive reputation as a Tennessee Exemplary School District, drawing more families in recent years. The U.S. Census Bureau measures the total land area of McKenzie at just over six square miles, primarily located within Carroll County. Small portions of the city extend into neighboring Henry and Weakley Counties. Carroll County offers an amiable atmosphere and scenic surroundings to residents. Outdoor recreation reigns in Carroll County. The Thousand Acre Recreation Lake is a local gem offering swimming, boating, fishing and a camping area to outdoor enthusiasts.

Buying vs. Rent to Own Homes

When you rent to own, you pay an option fee and rent the home for up to three years while prepping for financing approval. Then, you buy it as soon as you’re ready. When you buy a home normally, you skip to the third step of the process.

Basically, when you’re almost ready to own a home, you should consider renting to own, but when you are ready, you should go ahead and purchase it.

Rent to own gives you more time to improve your credit score or save up a greater down payment in preparation for buying a house. Ultimately, rent to own is more expensive than outright buying a property because you’re paying rent to the owner every month. However, lease-options are a much better alternative than renting a property because you’re building some equity in the home, just not as much as you will once you purchase.

Once you own a home, you will likely be making monthly payments to a mortgage. Mortgage payments are typically around the same amount as rent to own payments, but all of it – minus interest, PMI and taxes – builds equity in the property, which directly benefits you.

Rent to Own Realtors

Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.

Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.

Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.

About Our Listings

Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.

Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.

If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.

Reported Annual Crime In McKenzie

Statistic McKenzie Tennessee National
Murder 0 406 15,696
Rape 0 2,676 124,047
Robbery 0 1,966 327,374
Assault 9 7,474 764,449
Violent Crime 9 40,400 1,197,704
Burglary 39 193,796 1,579,527
Theft 101 43,247 5,706,346
Vehicle Theft 7 137,679 707,758
Property Crime 147 29,844 7,993,631

Cities Near McKenzie

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  • Rent to own homes in Dickson
  • Rent to own homes in Smyrna
  • Rent to own homes in Nashville
  • Rent to own homes in La vergne
  • Rent to own homes in Franklin

Other Cities in Tennessee

  • Rent to own homes in Memphis
  • Rent to own homes in Knoxville
  • Rent to own homes in Chattanooga
  • Rent to own homes in Clarksville
  • Rent to own homes in Murfreesboro
  • Rent to own homes in Johnson city
  • Rent to own homes in Hendersonville
  • Rent to own homes in Kingsport
  • Rent to own homes in Bartlett

About Rent To Own Labs

Our goal is to help you find the ideal rent to own home. To do that, we’ve had to experiment with a lot of crazy things to make that happen (thus our name!). We’re consistently trying new things, working with new partners, and overall, trying to make your search experience as seamless as possible. At the end of the day, we know how important it is to find the perfect home, and we’re excited to help you find it, and to help you through the entire process.

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