Rent to Own Homes in Pearl
Incorporated as its own city roughly forty years ago, Pearl is a city located in central Mississippi about five miles east of Jackson, the state’s capital. Despite its relatively young age and small population of 25,092 (as of the 2010 census), Pearl is growing—and not only in terms of its population. Pearl’s reputation as one of the most family-friendly, affordable, and enjoyable... Read More
Incorporated as its own city roughly forty years ago, Pearl is a city located in central Mississippi about five miles east of Jackson, the state’s capital. Despite its relatively young age and small population of 25,092 (as of the 2010 census), Pearl is growing—and not only in terms of its population. Pearl’s reputation as one of the most family-friendly, affordable, and enjoyable places in which to live is growing fast. Pearl has some of the best schools in the state, a strong community-oriented focus, affordable housing options, and numerous year-round social, cultural, and recreational activities for all demographic groups, making this southern city a top destination for aspiring residents and visitors alike.
Buying a Home in Pearl, MS
Home prices in Pearl are among the region’s most affordable. Compared to the state’s median price of $159,900, median home prices in Pearl are around $123,900. Of the eight neighborhoods making up Pearl, four of them – mainly in the central and western part of the city – have home prices ranging between $86,000 and $110,410. The northernmost neighborhoods feature home prices between $160,000 and $174,250. Given Zillow’s estimate that home values are expected to rise in the state about 3.6% within the next year, right now might not be a bad to time to settle down in Pearl. The below results are primarily rent to own homes in Rankin County, MS:
Incorporated as its own city roughly forty years ago, Pearl is a city located in central Mississippi about five miles east of Jackson, the state’s capital. Despite its relatively young age and small population of 25,092 (as of the 2010 census), Pearl is growing—and not only in terms of its population. Pearl’s reputation as one of the most family-friendly, affordable, and enjoyable... Read More
Incorporated as its own city roughly forty years ago, Pearl is a city located in central Mississippi about five miles east of Jackson, the state’s capital. Despite its relatively young age and small population of 25,092 (as of the 2010 census), Pearl is growing—and not only in terms of its population. Pearl’s reputation as one of the most family-friendly, affordable, and enjoyable places in which to live is growing fast. Pearl has some of the best schools in the state, a strong community-oriented focus, affordable housing options, and numerous year-round social, cultural, and recreational activities for all demographic groups, making this southern city a top destination for aspiring residents and visitors alike.
Buying a Home in Pearl, MS
Home prices in Pearl are among the region’s most affordable. Compared to the state’s median price of $159,900, median home prices in Pearl are around $123,900. Of the eight neighborhoods making up Pearl, four of them – mainly in the central and western part of the city – have home prices ranging between $86,000 and $110,410. The northernmost neighborhoods feature home prices between $160,000 and $174,250. Given Zillow’s estimate that home values are expected to rise in the state about 3.6% within the next year, right now might not be a bad to time to settle down in Pearl. The below results are primarily rent to own homes in Rankin County, MS:
Popular Neighborhoods in Pearl, MS
Directly to the east of the Jackson-Medgar Wiley Evers International Airport is the Old Brandon Rd / Cooper Rd neighborhood, one of Pearl’s finest. The average rent price here is $1,054, just under the Mississippi average of $1,095. Bordered by major freeways and routes that provide easy access to the south and other regions of the country - Interstate 20 to the south, Route 25 to the north, and Interstate 55 to the West, (not to mention an International Airport next door), the Old Brandon Road neighborhood is an ideal location for commuters and travelers. As is the case for the city, aspiring residents here can expect a super clean, close-knit, stable neighborhood. Home and apartment vacancy rates here are lower than average and most of the residential properties are owner-occupied.
Buying vs. Rent to Own Homes in Pearl, MS
Buying a home for the first time is a time-consuming, sometimes complicated process. With the amount of information available on the web today, what to do and what not to do is not always so clear. One option that aspiring homeowners ought to consider is a rent-to-own option. At no additional cost or upfront fees, an aspiring homeowner (or dream house seeker) can rent the home they would like to eventually own provided they meet their monthly rent and other contractual obligations. This unique opportunity enables said homebuyer to purchase the most valuable commodity: time. During this time period from renting to eventually owning, one’s financial standing can be improved by, for instance, paying down debt, improving a credit score, and saving for a down payment.
Summary
Pearl is a city buzzing with life. It is new—incorporated as recent as 1973. Its residents, business and political leaders, are as result, motivated and passionate. They want to see Pearl not only grow but thrive. As the city’s website makes clear: Pear is “The City Creating Its Own Future.” This is a way of life in Pearl. As the city’s unique community and recreational projects, family-friendly atmosphere, growing business scene, many parks, trails, and sport arenas demonstrate, this is one city on the rise. Famed for being the furniture capital of central Mississippi, Pearl clearly has much to offer. Antique Car Shows, a Braves baseball game, annual recycling events, city-wide Spring cleanups, the Mayor’s Prayer Breakfast, Pearl Day Festival, and more, are just some of things to do and/or join in this lovely southern city.
Rent to Own Realtors
Using a realtor for your rent to own deal can offer great benefits. Agents are well versed in real estate so they can effectively communicate opportunities and discern which of those opportunities is a legitimately good deal.
Nonetheless, not a lot of realtors will want to help with your rent to own deal because upfront profit for a realtor is minimal and the big payout down the line is not a guarantee.
That means you’ll have to do a little research to ensure that you make the best decisions, but you will save money on commission.
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.
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