Rent to Own Homes in Nicholasville

The economy in Nicholasville centers around the Enterprise Industrial Park. The park covers more than 100 acres and offers jobs to the city’s residents as well as commuters from surrounding areas. Most jobs in the area are within the manufacturing industry, but positions in healthcare, education and service-oriented businesses are available as well. Many residents are attracted to the city because it offers a below-average cost of living with a housing market that often drops more than 10 percent below the national average.

Buying vs. Rent to Own Homes

If you dream of purchasing a home in Nicholasville, the growing popularity of rent-to-own homes should grab your attention. These properties allow you to rent a home with the intention of making it your own in the future. Some contracts will give you just one year to close on the home while others may give you three years or longer. You can use the rental period to save a more substantial down payment, to clear debt from your credit report or to settle into your new neighborhood.

Summary

Nicholasville has experienced remarkable growth since 1970 and is expected to continue growing in years to come. It serves as an economic hub for central Kentucky and is well-connected to surrounding cities with a network of state roads. Many residents choose to live in this small town while commuting to nearby Richmond for employment, but there are some jobs available in town as well. Residents have access to a network of public parks as well as some museums and small entertainment venues. Located within the Bluegrass region, this part of the state is well-known for spectacular scenery and a growing list of horse farms.