The county seat of McCracken County, the city of Paducah, Kentucky is located where the Tennessee and Ohio rivers converge. With a population of over 24,000 people, Paducah is at the center of its micropolitan area.
The city was first settled in 1821, then renamed to Paducah in 1827. Incorporated as a city in 1838, the city's economy grew in relation to the confluence of the rivers. It developed... Read More
The county seat of McCracken County, the city of Paducah, Kentucky is located where the Tennessee and Ohio rivers converge. With a population of over 24,000 people, Paducah is at the center of its micropolitan area.
The city was first settled in 1821, then renamed to Paducah in 1827. Incorporated as a city in 1838, the city's economy grew in relation to the confluence of the rivers. It developed port facilities, a brick factory and a foundry for building railroad parts. Railroad workshops have continued in Paducah for well over a century and are now part of the Paducah and Louisville Railway.The below results are primarily rent to own homes in McCracken County, KY:
The county seat of McCracken County, the city of Paducah, Kentucky is located where the Tennessee and Ohio rivers converge. With a population of over 24,000 people, Paducah is at the center of its micropolitan area.
The city was first settled in 1821, then renamed to Paducah in 1827. Incorporated as a city in 1838, the city's economy grew in relation to the confluence of the rivers. It developed... Read More
The county seat of McCracken County, the city of Paducah, Kentucky is located where the Tennessee and Ohio rivers converge. With a population of over 24,000 people, Paducah is at the center of its micropolitan area.
The city was first settled in 1821, then renamed to Paducah in 1827. Incorporated as a city in 1838, the city's economy grew in relation to the confluence of the rivers. It developed port facilities, a brick factory and a foundry for building railroad parts. Railroad workshops have continued in Paducah for well over a century and are now part of the Paducah and Louisville Railway.The below results are primarily rent to own homes in McCracken County, KY:
Paducah is home to the National Quilt Museum, located in downtown Paducah, which annually brings over 40,000 visitors to the city and is a major quilting art destination. It is also known as the Atomic City, after the uranium enrichment plant that has operated in Paducah since 1952.
Public schools serving most of the city are operated by the Paducah Public Schools system. There are three elementary schools in the district, and all students attend Paducah Middle School and Paducah Tilghman High School. The city is also home to a major public community college, the West Kentucky Community and Technical College, with 7,000 to 9,000 students. The WKCTC is also home to the University of Kentucky College of Engineering Paducah campus and the Challenger Learning Center at Paducah.
Buying a Home in Paducah
Paducah features an active downtown Main Street area and a wide range of interesting opportunities for recreation, culture and employment that could make it an excellent place for a family home. The median price of homes currently listed for sale in Paducah is $107,000. A range of houses are available in the city, from smaller and older homes that are $30,000 and under, to newer, larger homes at over $200,000.
Popular Neighborhoods in Paducah?
Because of its location on the river, downtown Paducah features a floodwall stretching throughout the town. In the past decades, a series of public murals have been painted on floodwalls throughout downtown Paducah, emphasizing the city's heritage and history. Paducah's historic downtown features classic buildings that are preserved to retain the city's legacy. The city operates an Artist Relocation Program to attract artists and cultural workers to the historic downtown and Lowertown neighborhoods. Lowertown is the oldest neighborhood in the city, and the Artist Relocation Program has revitalized the downtown area with new arts centers, galleries and cultural events.
Buying vs. Rent to Own Homes?
You may know that you are ready for homeownership and committed to achieving it in Paducah, but still want some more time to build up your financial readiness. You need a significant down payment and improved credit for mortgage approval. With a rent to own home, you can agree on the price of your home, choose your home and move in today. However, you'll rent your home for a set period of time, with a portion of your rent going toward the eventual purchase price of your home. Once the lease period is over, you'll complete the purchase of your home with a healthy head start on homeownership.
Cost of Living in Paducah?
Paducah's cost of living is well below the average in the United States. Overall, the cost of living in Paducah is only 79 percent of the national midpoint. The biggest cost savings area in the Kentucky city is housing, as housing costs in Paducah are only 52 percent of U.S. average housing prices. However, other major expense areas, including groceries, health care, utilities and transportation are all five to 10 percent below the national average.
With an active downtown, investment in the arts and a consistent economy still fueled by the confluence of the rivers, Paducah is an attractive place to create a family home. You'll enjoy access to parks, outdoor recreation and the excellent opportunities provided by the major higher education campuses located in the city. If you enjoy arts programs, quilting, small business shopping and other facets of small-city life, Paducah can be an excellent choice for homes for families, couples and individuals.
Summary
With an active downtown, investment in the arts and a consistent economy still fueled by the confluence of the rivers, Paducah is an attractive place to create a family home. You'll enjoy access to parks, outdoor recreation and the excellent opportunities provided by the major higher education campuses located in the city. If you enjoy arts programs, quilting, small business shopping and other facets of small-city life, Paducah can be an excellent choice for homes for families, couples and individuals.
Rent to Own Realtors
When it comes to contracts, there are usually plenty of loopholes. You don’t want to be blindsided because your counterpart in a rent to own deal knows them better than you do.
A realtor might be the logical person to ask for help with a real estate deal, but instead, you should consult with a lawyer to ensure that your lease-option contract benefits you just as much as it benefits the other party.
Realtors likely will not want to help you with a lease-option because they don’t make a lot of money off of them – at least, they don’t make a lot of money until the end of the lease, and that isn’t a guarantee.
Regardless, a lawyer will have more accurate information about your contracts anyway.
About Our Listings
Listing properties for traditional sale eliminates a big chunk of the buyer market. People with bad credit are left out of the traditional home buying process. Nonetheless, buyers who don’t qualify for mortgages are still in the market for apartments and houses.
Rent to own by owner programs with no credit check are an easy way for a seller to start earning money from their townhouse or condo in a market that isn’t viable, which appeals to new groups of buyers.
Through rent to buy and lease to purchase, sellers rent a property to potential buyers for a set lease term. During which, the seller earns profit through the rent buyers pay as a tenants. At the end of the lease, the buyer has the option to buy the property, or if they signed a lease-purchase agreement, they must buy it.
With a little patience, sellers can make rent money and the true value of their home from its eventual sale. Which is better than selling the home cheap and competing with bank-owned foreclosed homes that sell for less than market value.
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