Rent to Own Homes in New Bern
This city of 30,000 residents is the county seat of Craven County and the principal city of the New Bern Metropolitan Statistical Area. It can trace its history all the way back to 1710, when the area was first settled by Swiss immigrants. The settlement was named after Bern, the capital of Switzerland. It once served as the state capital, and is the second oldest European-American colonial town in the Tar Heel State.The below results are primarily rent to own homes in Craven County, NC:
This city of 30,000 residents is the county seat of Craven County and the principal city of the New Bern Metropolitan Statistical Area. It can trace its history all the way back to 1710, when the area was first settled by Swiss immigrants. The settlement was named after Bern, the capital of Switzerland. It once served as the state capital, and is the second oldest European-American colonial town in the Tar Heel State.The below results are primarily rent to own homes in Craven County, NC:
There are no less than four districts on the National Register of Historic Places, along with two local historic districts. Many of the buildings date to the early 18th century. The New Bern Historic District was added to the National Register in 1973 and contains 492 contributing structures.
Buying a Home in New Bern
The median home price in New Bern is $147,000, which is 21 percent below the national average. Current homes for sale range from $17,500 to $725,000. About 58 percent of the residential real estate is owner occupied. The overall cost of living is about nine percent below the national average.
About 51 percent of New Bern’s residents are married, and the median age is 34.7. The average household income is about $41,000, and job growth is projected to be nearly 40 percent over the next ten years.
Craven County Schools serves the city, and is comprised of ten Pre-K schools, 15 elementary schools, five middle schools, and eight high schools. There are also private schools in the city. GreatSchools rates the schools from 3 to 9 (out of 10), so families should do their homework when shopping for a neighborhood.
Popular Neighborhoods in New Bern
Ten constituent neighborhoods make up the city of New Bern, and several contain waterfront property. The City Center, which is on the Neuse River, is for those who want to be where the action is. The homes are small- medium-sized single-family homes and apartment complexes. It’s a historic neighborhood, with charming old homes and buildings. The average home cost is about $380,000.
To the south – and bordering the Trent River, the smaller of the two rivers – is the Brices Creek/James City neighborhood. The homes in this area are a bit larger than those in the City Center, and there are also some mobile homes. Most is owner occupied, and many of the residences were built after 2000. The average cost of a home is about $239,000.
Buying vs. Rent to Own Homes
You may be considering relocating to this part of North Carolina with its seaside atmosphere and reasonable housing cost. But perhaps you think that you don’t qualify for financing or don’t have the funds for a down payment. There is another option. Many are taking advantage of rent-to-own opportunities. Part of each month’s rent is put toward a down payment to eventually purchase the residence. For renters who may not be able to afford the initial down payment, there is still the possibility of becoming homeowners.
Summary
The beautiful, historic, seaside city of New Bern has much to offer. Family-friendly neighborhoods, good housing opportunities, and a mild southern climate recommend it as a good choice if you are looking for a place to settle and make your new home.
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
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.
- 28562
- 28560
- 28561
- 28563
- 28564