Rent to Own Homes in Milledgeville
The below results are primarily rent to own homes in Baldwin County, GA:
Before Atlanta was announced the capital of Georgia, that position was filled by a smaller city named Milledgeville. This city sits in the middle of the state and is positioned off the southern edge of Lake Sinclair. The Oconee River runs along the eastern edge of the city, and Georgia College & State University is located in the city’s center. U.S. Route 441 runs through the western edge of town and connects Milledgeville to Dublin and other surrounding cities. Milledgeville is also crossed by a couple state routes that connect the city to Sparta and Sandersville.
The Milledgeville Micropolitan Statistical Area includes Hancock County and Baldwin County and is home to more than 50,000 residents. Milledgeville serves as the area’s principal city and is controlled by six council members making up the Milledgeville City Council. Local residents are served by the Milledgeville Fire Department, the Milledgeville Police Department and the Baldwin County School District. There are four elementary schools, one middle school and one high school in the area, but students also have the option of attending several private schools.
Buying a Home in Milledgeville
The median sales price for homes in Milledgeville tends to stay well below $200,000, and you can expect to find hundreds of homes on the market at any given time. Most buyers pay less than $100 per square foot, though you can find luxury homes in some neighborhoods that will cost you a bit more.
More than 60 percent of residents own their homes in this city, and there are many established neighborhoods located close to public schools, parks, shopping centers and restaurants. Most schools in the area are rated highly, but you may want to select a neighborhood close to one of the private schools if you want the best quality education for your little ones.
Popular Neighborhoods in Milledgeville
One of the most popular Milledgeville neighborhoods runs along the southern bank of Lake Sinclair, running northwest of Log Cabin Road NE and west of North Jefferson Street NE. The southern tip of the neighborhood touches East Hancock Street and is just west of Georgia College. This region incorporates the Milledgeville Country Club and the Baldwin County Airport. You can expect to see home prices over $200,000 in this community, and there are some new constructions in the area. The vacancy rate is often higher than 10 percent in this neighborhood, so it’s not difficult to find properties on the market.
Buying vs. Rent to Own Homes
Why rent someone else’s property for another year or longer when you can rent the home that you will one day buy? That may sound impossible, but rent-to-own homes can make it happen. Properties offering this unique contract allow you to rent a home that you intend to buy in the future, and you typically have a year or longer to make that purchase. This is a good option if you want to move right away but need more time to take out a mortgage loan and officially purchase the property. Don’t rent someone else’s property when you can rent as an investment in your own future home.
Cost of Living in Milledgeville
Milledgeville has a lower cost of living than the state of Georgia and the United States, and that is largely due to the affordable housing market. Housing prices are known to drop below the national average by 30 percent or more, allowing more than half of the city’s residents to purchase property without overextending their budgets.
Milledgeville was once the capital city of Georgia, but it’s now a small town with a reasonable cost of living resting in the center of the state. Located near the Oconee River and Lake Sinclair, this is a friendly small town that gives residents easy access to Sparta and other surrounding cities. Some of the city’s biggest attractions include Georgia’s Old Capital Museum, the Old Governor’s Mansion and the rural estate of Flannery O’Connell. What attracts many residents to this small town are the quality public schools offered by the Baldwin County School District and the low cost of housing.
Rent to Own Realtors
Working with a realtor doesn’t guarantee that you will successfully complete a rent to own deal, but their knowledge and expertise can make a big difference in your success rate.
Unfortunately, not many realtors will want to work with you on a rent to own deal. There isn’t a lot of profit for a realtor in rent to own deals.
So, you’ll need to find others with the knowledge and expertise you are looking for to ensure a successful lease-option experience. Consider consulting with a realtor, a title company and a mortgage officer instead. These professionals are better than a realtor because they are experts in their respective fields, as opposed to realtors who know a good deal about each of those rent to own factors.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
Reported Annual Crime In Milledgeville