Rent to Own Homes in Ocean Springs
Residents and visitors are often attracted to Ocean Springs because of the direct access to the water, but this area of Mississippi is also home to a variety of historic and cultural sites. This includes the Walter Anderson Museum of Art, the Mississippi Vietnam Veterans Memorial and the Ocean Springs Museum of History. The city is also home to a fresh market and a number of spas, bars, night clubs, gift shops and tour companies. Green spaces like the Fontainebleau Nature Trail allow residents to enjoy active lifestyles away from the water, and gear rental shops make it easy to explore the water in fun ways.The below results are primarily rent to own homes in Jackson County, MS:
Residents and visitors are often attracted to Ocean Springs because of the direct access to the water, but this area of Mississippi is also home to a variety of historic and cultural sites. This includes the Walter Anderson Museum of Art, the Mississippi Vietnam Veterans Memorial and the Ocean Springs Museum of History. The city is also home to a fresh market and a number of spas, bars, night clubs, gift shops and tour companies. Green spaces like the Fontainebleau Nature Trail allow residents to enjoy active lifestyles away from the water, and gear rental shops make it easy to explore the water in fun ways.The below results are primarily rent to own homes in Jackson County, MS:
The Ocean Springs School District operates more than three elementary schools, one middle school and one high school within city limits. Ocean Springs boasts one of the highest median household incomes in the state and is known for its upscale neighborhoods full of luxury homes and yachts. Many affluent baby boomers call this area of Mississippi home, and the city is popular with retirees and professionals who want to live on the water.
Buying a Home in Ocean Springs?
It's not surprising to see homes selling for more than $1 million in Ocean springs, considering the city attracts many wealthy individuals, couples and families. The good news is that those properties are outnumbered by homes selling for $400,000 or less. The city's median listing price is often well under $300,000, and it's possible to find homes selling for around $200,000 in many safe neighborhoods. Nearly 80 percent of Ocean Springs residents own their homes, and most of the local schools are rated highly. Ocean Park Elementary is one of the city's leading elementary schools.
Popular Neighborhoods in Ocean Springs?
One of the most prestigious Ocean Springs neighborhoods is located in the southwestern corner of the city. This area mostly runs west of Holcomb Boulevard and extends right to Biloxi Bay. Most of the homes were built 1940 and 1999, and you can expect to see some of the city's highest real estate prices in this community.
If you need lower real estate prices or want to live close to some of the best public schools, look in the Gulf Hills area. This neighborhood fills the northwestern corner of the city around Old Fort Bayou Road and offers many homes for less than $200,000. This is an ideal neighborhood for residents who don't want to live right on the coast.
Buying vs. Rent to Own Homes?
Rent today and buy a year or more in the future. If that sounds like a good plan to you, consider moving into a rent-to-own home. Not all Ocean Springs homes will offer this type of contract, but it's worth seeking out those that will. You'll start out renting the property with the intention of making it your own within a designated period of time. This allows you to live in your new home right away while taking more time to find the right mortgage lender offering favorable terms.
Ocean Springs sits directly on Biloxi Bay and is connected to the city of Biloxi by the Biloxi Bay Bridge. While much of southern Mississippi was destroyed by Hurricane Katrina, the city has been rebuilt and continues to thrive. Many residents are attracted to this area because of the beautiful outdoor recreational areas, including the Gulf Islands National Seashore and the local yacht club. With one of the highest median household incomes in the state, this city attracts many wealthy retirees as well as professionals interested in living in a quiet seaside community.
Summary
Ocean Springs sits directly on Biloxi Bay and is connected to the city of Biloxi by the Biloxi Bay Bridge. While much of southern Mississippi was destroyed by Hurricane Katrina, the city has been rebuilt and continues to thrive. Many residents are attracted to this area because of the beautiful outdoor recreational areas, including the Gulf Islands National Seashore and the local yacht club. With one of the highest median household incomes in the state, this city attracts many wealthy retirees as well as professionals interested in living in a quiet seaside community.
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
Financially, buying apartments, houses or any other types of properties makes sense when compared to renting. You're paying roughly the same amount per month for your mortgage that you would to rent the same type of home. However, there are obstacles that make that process difficult to attain, like minimum down payments and bad credit. Those barriers prevent banks from ending up having to sell foreclosed homes.
Nonetheless, those barriers shouldn’t stop you from owning your own condo or townhouse. Through rent to buy and lease to purchase programs with no credit check, you could start working toward owning a house.
A lot of people who rent to own by owner take advantage of Rent to Own Lab’s free listings. Search our website for cheap lease-purchase or lease-option properties near me and see if rent to own could be the right option.
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