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Rent to Own Homes in Prattville
With its abundance of artesian wells, Prattville is one of the most charming locations in Alabama. The city occupies portions of Autauga County and Elmore County. According to the United States Census Bureau, roughly 34,000 people inhabit this little town which is nicknamed “The Fountain City.” It is situated in the southeast corner of the state near the Autauga Creek. The city also occupies a place in pop culture. The author Gabriel Garcia Marquez mentions Prattville in his popular book, One Hundred Years of Solitude, in a flattering way.
The Autauga County School System provides education on eight campuses which include Prattville High School and the Autauga County Technology Center. The city also has two private educational institutions which include the Prattville Christian Academy. Approximately 35% of the households in Prattville include children under the age of 18, making this a nice location for younger married couples that wish to start a family. The below results are primarily rent to own homes in Autauga County, AL:
With its abundance of artesian wells, Prattville is one of the most charming locations in Alabama. The city occupies portions of Autauga County and Elmore County. According to the United States Census Bureau, roughly 34,000 people inhabit this little town which is nicknamed “The Fountain City.” It is situated in the southeast corner of the state near the Autauga Creek. The city also occupies a place in pop culture. The author Gabriel Garcia Marquez mentions Prattville in his popular book, One Hundred Years of Solitude, in a flattering way.
The Autauga County School System provides education on eight campuses which include Prattville High School and the Autauga County Technology Center. The city also has two private educational institutions which include the Prattville Christian Academy. Approximately 35% of the households in Prattville include children under the age of 18, making this a nice location for younger married couples that wish to start a family.
Prattville is known for being a top-tier golfing destination with multiple courses that are recognized as part of the Robert Trent Jones Golf Trail. The city's courses have played host to LPGA tour events and offer challenging and scenic links which are regularly given the highest ratings and reviews. The twice-weekly Prattville Progress has been keeping residents informed on local news for many years, and the city has a distinct small-town vibe that translates to friendly neighborhoods and visually appealing surroundings.
Buying a Home in Prattville
There are 8,500 homeowners in Prattville, and the median home price is $150,000. Monthly mortgage payments average $1,200 and rental properties cost an average of $900 per month. The local housing market is strong and affordable with more than three-fourths of homeowners paying less than 30% of their income toward housing expenses.
Homes in Prattville tend to be modern with almost 90% having been constructed after 1990. A majority of homes in Prattville are built for families and include three or more bedrooms. Many new home owners are drawn to Prattville thanks to the availability of quality homes in nice neighborhoods.
Popular Neighborhoods in Prattville
The Dosterville suburban neighborhood on the east side of Prattville is home to a large number of married couples in the 45-64 age bracket. The median home price in this quiet neighborhood is $97,000, lower than roughly 84% of the neighborhoods in the United States. The Old Kingston/Booth neighborhood occupies the entire northern half of Prattville and boasts homes with the highest median value in the city. 62% of the residents of this quiet and trendy neighborhood are married couples between the ages of 30 and 64.
Buying vs. Rent to Own Homes
While buying a house the traditional way in Prattville can be expensive and present qualifying problems for first-time buyers, a rent to own home makes settling in this peaceful locale easy and affordable. For less than the typical monthly rental cost, a rent to own home allows the renter to apply a significant portion of their monthly rent towards eventual ownership. This option is even more appealing as median home values in Prattville continue to increase.
Cost of Living in Prattville
The overall cost of living index in Prattville is 5% lower than the national average, but it is 6% higher than the Alabama index. In particular, housing in Prattville is more costly than it is in other areas of the state. This is offset somewhat by a healthcare index that is lower than state and national averages. Groceries and goods and services tend to reflect the national par. Utilities, on the other hand, cost approximately 6% more than they do across the entire United States.
Summary
Idyllic surroundings are the hallmark of Prattville, Alabama, a small city that occupies a portion of the Montgomery Metro area. The city's highly rated school system appeals to couples with children while retirees appreciate the abundance of golf courses and other relaxing leisure activities. Life moves at a slow place in Prattville, and neighbors still practice hospitality with a wave and a smile.
Rent To Own Labs provides a diverse set of real estate listings, including rent to own (“lease to own” or “lease purchase”), owner financing, foreclosed, for sale by owner, and rental home opportunities. These listings are available to low-income residents and those with bad credit or no credit, and include both condos & houses. Rent to own homes near me include the list of zip codes we serve in this area:
- 36068
- 36066
- 36067