Rent to Own Homes in Paragould
Like many cities across... Read More
Like many cities across the United States, Paragould's growth and development was spurred by the building of the railroad. The name of the city itself comes from the last names of two rival railroad owners, J.W. Paramore and Jay Gould. The two magnates' railways intersected in the Paragould area, and a group of citizens chose the name marking both railways, sparking Gould's anger and refusal to list the city's name on the railway schedules.The below results are primarily rent to own homes in Lincoln County, AR:
Like many cities across... Read More
Like many cities across the United States, Paragould's growth and development was spurred by the building of the railroad. The name of the city itself comes from the last names of two rival railroad owners, J.W. Paramore and Jay Gould. The two magnates' railways intersected in the Paragould area, and a group of citizens chose the name marking both railways, sparking Gould's anger and refusal to list the city's name on the railway schedules.The below results are primarily rent to own homes in Lincoln County, AR:
The city is home to the Paragould School District and the Greene County Tech School District for public elementary, middle and secondary education. It also hosts several colleges, including Crowley's Ridge College, Black River Technical College and Arkansas Northeastern College. Arkansas State University maintains its Paragould campus inside the city. Paragould also hosts the Arkansas Methodist Medical Center, a 127-bed acute-care hospital that also includes a community wellness center and a nursing college.
Paragould also offers an array of parks and recreational services, including a city-operated aquatic center and outdoor water park. The city also has regular green spaces, baseball and softball fields, tennis courts and walking and biking trails. The historic downtown is home to many small businesses and restaurants and holds regular activities promoting engagement with downtown arts and culture.
Buying a Home in Paragould?
Paragould offers a wide array of exciting activities and interesting opportunities, and makes a great place for a family home. The median value of homes in the city is $106,200, while the median price of homes listed for sale is $123,400. Home values have risen significantly and are expected to continue to rise consistently in the coming period.
Popular Neighborhoods in Paragould?
Paragould schools have strong athletics programs with a history of state championships in basketball, baseball and other sports activities. While it hosts its own campus of Arkansas State University, it also provides an easy commute to the main campus in Jonesboro in about 20 minutes of driving. A small-town, close-knit community, many areas of the town are great choices for families, couples or individuals looking to make their homes there. The Pruetts section of Paragould and other popular neighborhoods are west of the railroad tracks in the city.
Buying vs. Rent to Own Homes?
While you're sure that you want to make your home in Paragould and embark on your homeownership journey, you may also need a little more time to save up your down payment or improve your credit score for mortgage eligibility. Rent to own homes allow you to find your home now, agree on a price and move in now, but you'll rent the home for a specified period of time while you prepare your down payment and mortgage. At the end of the lease period, you'll buy your home, and your monthly rental will include contributions toward the eventual purchase price.
Cost of Living in Paragould?
The cost of living in Paragould is well below the national average and even below the Arkansas average. Overall, the Paragould cost of living is 17 percent below the U.S. midpoint. Housing drives cost savings, as Paragould housing costs only 64 percent of the U.S. average. However, groceries, goods and services, utilities, transportation and health care are all comfortably below the United States and statewide cost of these expenses.
With a small-town feel and growing neighborhoods, especially west of the town's railroad tracks, Paragould can be an excellent choice for your homeownership journey. The easy commute to Jonesboro and access to a wide array of recreational options can make this small city a great option for families, individuals and couples looking for a close-knit city with a growing population and increasing regional interest.
Summary
With a small-town feel and growing neighborhoods, especially west of the town's railroad tracks, Paragould can be an excellent choice for your homeownership journey. The easy commute to Jonesboro and access to a wide array of recreational options can make this small city a great option for families, individuals and couples looking for a close-knit city with a growing population and increasing regional interest.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
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.
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