Rent to Own Homes in Murfreesboro
The below results are primarily rent to own homes in Rutherford County, TN:
Murfreesboro is a central Tennessee city located approximately 34 miles southeast of Nashville. positioned in Rutherford County within close proximity to the Murfreesboro Municipal Airport, this is an attractive area for those commuting to Nashville for work or play. It’s also a haven for many students attending the Middle Tennessee State University, which boasts the largest undergraduate population for all universities in the state. For younger students, families are served by Murfreesboro City Schools.
This state was initially formed by General Rosecrans at the end of the Battle of Stones River in 1863. It was originally created as a supportive fort for the Union army, but it survived to become the fast-growing city that residents love today. You can learn more about the city’s colorful history by visiting the Stones River National Battlefield or taking a walk through Cannonsburgh Village.
To get into true Murfreesboro spirit, head out to the Johnny “Red” Floyd Stadium to cheer on the Middle Tennessee State University Blue Raiders. This football team keeps stadium seats full throughout the season, and other community events are held there at other times. When you need to stretch your legs or just want to absorb some vitamin D, get some exercise at Stones River Greenway or play with the animals at the Discovery Center.
Buying a Home in Murfreesboro
While the median listing price for homes in Murfreesboro is often above $250,000, the median sales price is typically closer to $210,000. It’s common for more than 500 homes to sell in any given month, and most buyers have no problem finding multiple properties that fit their personal and location needs. Whether you’re searching for a family-friendly neighborhood that’s close to the best public schools or you’re more interested in a fast commute to Nashville, this is an affordable market that can accommodate most budgets.
Popular Neighborhoods in Murfreesboro
Murfreesboro is much like any other big city when it comes to finding the best neighborhoods. You can live close to the center of the city if you want to enjoy the activity of the downtown area, but communities with the lowest crime rates and the best schools are closer to the outer edges.
One large neighborhood that features quality schools and low crime rates is Kitterell/Big Springs. It fills the southeastern tip of the city, and you’ll find a lot of small to medium-sized homes selling for affordable prices in all sub-communities. The vacancy rate in the area is less than 10 percent, and you can expect to pay less than $200,000 for a home.
Buying vs. Rent to Own Homes
Are you ready to purchase your own home? You may answer that question with a yes before your finances are in order, and that creates a problem when you apply for a traditional home loan. You can give yourself more time to prepare for the loan-approval process by finding a rent-to-own agreement. You go into this type of agreement as a renter, but you can come out as a homeowner. The biggest perk is that you don’t have to move once you purchase the property because you’re already settled in your new home.
Cost of Living in Murfreesboro
Due to affordable healthcare and a housing index that often sinks well below the national average, the overall cost of living in Murfreesboro is approximately five percent lower than average. Everything from transportation expenses to food is offered at a reasonable price, so you can stretch even a modest budget to live here comfortably.
Consider a move to Murfreesboro if you want to live a short drive from Nashville and you enjoy spending time outdoors. With a beautiful river flowing straight through the city and a variety of historical museums and parks, you’ll never have to sit at home bored. Murfreesboro is also home to Middle Tennessee State University and offers many peaceful, safe residential communities with affordable housing.
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
Rent to Own Labs offers more than free listings for rent to buy houses.
Our website also includes real estate owned properties, which are bank-owned foreclosed homes that didn’t sell at auction. You can buy these types of properties for cheap prices because the bank isn’t in the business of real estate; it’s just looking to get rid of the condo, townhouse, etc. that it has on the book.
Sellers directly list rent to own by owner apartments and houses as lease-option or lease-purchase programs with no credit check. On lease to purchase contracts, the buyer is contractually obligated to buy the home, and on lease to own contracts, the buyer is financially motivated. It doesn’t matter to the seller if you have a bad credit score because they know you have a lot at risk if you don’t buy the home you’re renting to own.
Find properties near me with Rent to Own Labs.