Rent to Own Homes in Pine Bluff
The below results are primarily rent to own homes in Nevada County, AR:
With its rolling hills and streams, Pine Bluff is one of the most scenic locations in Southeast Arkansas. The city has a strong appeal to those who love the great outdoors, and large bodies of water such as the Arkansas River and Lake Pine Bluff provide a wealth of leisure activities. The municipal population of Pine Bluff is a mere 50,000, making this one of the smaller cities in the state. The Pine Bluff Metropolitan Statistical Area includes Jefferson, Cleveland, and Lincoln counties and is home to more than 107,000 residents.
The city takes its name from a bluff that overlooks the Arkansas River. The European founders of the city chose the bluff because it provided a measure of protection in the wake of flooding. At an early point in its history, Pine Bluff was an important shipping channel which connected Pine Bluff to New Orleans and other significant port cities.
Today, Pine Bluff city culture is supported by a strong arts community. The Pine Bluff Convention Center is home to many performances and gatherings throughout the year. The Pine Bluff town government consists of a mayor and city council who are tasked with all the city’s municipal duties. There are numerous points of interest in the Pine Bluff metropolitan area which include the Pine Bluff Arsenal military installation. The Pine Bluff school system is comprised of four different districts, and the city is also home to Southeast Arkansas College.
Buying a Home in Pine Bluff
Those seeking to purchase a home in Pine Bluff, Arkansas will be pleased with the city’s median home price of $72,000. Homes in this city are typically newer, with only 38% of home occupants being renters. The average mortgage is $913 per month and roughly half of the homes in Pine Bluff have three or more bedrooms. There are suitable housing units for singles, young couples, and couples with children.
Pine Bluff has almost 21,000 housing units in total, and almost 10,000 of these are owned by their inhabitants. Almost 70% of Pine Bluff residents pay less than 30% of their monthly income for home expenses. Before buying a home in Pine Bluff, individuals are strongly advised to make inquiries regarding which areas of the city are safest.
Popular Neighborhoods in Pine Bluff
Those considering a home in Pine Bluff should be especially diligent in researching which neighborhoods offer the lowest crime rates. The Sulphur Springs neighborhood on the west side of the city offers some of the most quiet surroundings and is one of the safer areas in the city. Homes in this neighborhood have a median price of $84,000 which is slightly higher than other areas in Pine Bluff.
The Pinebergen/Faith neighborhood in the southwest corner of Pine Bluff is home to a large number of older married couples. The median price of a home here is $133,423, making it one of Pine Bluff’s more affluent neighborhoods. The area has a small-town vibe that resonates with an appreciation of conservative rural values.
Buying vs. Rent to Own Homes
Buying a home in Pine Bluff can be significantly more affordable than it is in other areas of the country, but the qualifying process is the same. For those who may want to avoid a traditional mortgage, a rent to own home offers an opportunity to settle in this Arkansas city. In some cases, the monthly cost of a rent to own home in Pine Bluff can be less than the $600 average cost of a standard rental. A rent to own home can also offer peace of mind in the wake of life changes which might necessitate a move. Owners do not have to worry about trying to sell their home or defaulting on their mortgage.
Cost of Living in Pine Bluff
Pine Bluff has an overall cost of living index that is 16% less than the national average, making the city attractive to those with median incomes of $30,000 or less. Housing in Pine Bluff is exceptionally affordable, with homes costing 50% less than the national average. In contrast, utilities in the city are substantially higher than they are in the rest of the United States. Transportation and groceries rank on a par with other U.S. cities.
Pine Bluff is centrally located in Arkansas and is in close proximity to the state capital of Little Rock. Boasting one of the lowest cost-of-living indexes in the nation, Pine Bluff offers many opportunities for home ownership in addition to a rich agricultural economy. The presence of a college campus attracts many singles to Pine Bluff, but there is also a strong community of older married couples who primarily inhabit the peaceful neighborhoods on the city’s west side.
Rent to Own Realtors
Realtors are highly skilled at informing potential buyers and prospective sellers about rent to own. A realtor can help find the second half of the deal you have been searching for.
Unfortunately, not many realtors are interested in rent to own because there isn’t a lot of money for them in the process. In the past, that would constitute a serious roadblock to rent to own; however, there are plenty of websites available for buyers and sellers to find each other.
Completing your rent to own deal without a realtor could save the seller a lot of money on commission. That gives the seller some wiggle room on the sale price, which attracts even more buyers.
About Our Listings
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
Reported Annual Crime In Pine Bluff