Rent to Own Homes in Rockingham
Still tasting of history, the Rockingham Historic District is in a predominantly residential area and encompasses 181 contributing buildings built between the early 19th and early 20th centuries. It is on the National Register of Historic Places – added in 1983 – along with several other buildings in Rockingham.The below results are primarily rent to own homes in Richmond County, NC:
Still tasting of history, the Rockingham Historic District is in a predominantly residential area and encompasses 181 contributing buildings built between the early 19th and early 20th centuries. It is on the National Register of Historic Places – added in 1983 – along with several other buildings in Rockingham.The below results are primarily rent to own homes in Richmond County, NC:
Charlotte – the largest city in North Carolina – is about 70 miles to the northwest, and Columbia, South Carolina is 112 miles to the southwest. And the popular tourist town of Myrtle Beach is only 113 miles to the southeast.
NASCAR fans remember Rockingham as the home of the Rockingham Speedway, formerly the North Carolina Speedway, which was a regular venue on the racing schedule for 40 years, until 2004 when the race was moved to California because of poor attendance.
The city is served by the Richmond County Airport, just south of town.
Buying a Home in Rockingham
Recent listings for homes in Rockingham range from $32,500 to $360,000; the median house cost is about $86,000, an impressive 53 percent below the United States average. Forty-five percent of the residential real estate is owner occupied. The overall cost of living is over 16 percent below the national average. The average age of the residents is about 41, and 49 percent of the population is married. The median household income is about $32,000.
Rockingham is served by the Richmond County Schools district, comprised of 16 schools. Not all are rated highly, so families with school-aged children should investigate the schools when looking for a neighborhood.
Popular Neighborhoods in Rockingham
Rockingham is made up of six constituent neighborhoods. The city center is, of course, where the action is. This area features shopping and dining opportunities. The residential real estate is primarily small- to medium-sized single family homes and small apartment buildings. Residents are a mixture of owners and renters, and many of the residences are older and more established, built before 1970. It’s an average-income neighborhood, and the median house cost is about $127,500.
Just to the east is the East Side Park/Knob Hill neighborhood. The residential real estate here is primarily medium- to large-sized single-family homes and mobile homes, and most of it is owner occupied. It is also an average income neighborhood, and the median home cost is about $111,000.
Buying vs. Rent to Own Homes
Rockingham may already be enticing you with its small town southern charm and low housing cost. Even so, financing a home can be a long process and requires a down payment and pre-qualification. Maybe you’re not quite ready for that step. No worries. Many are taking advantage of rent-to-own options. A portion of each month’s rent goes toward a down payment to eventually buy the house. Renters who may not be able to afford a large outlay of cash for a down payment can still look forward to becoming proud homeowners.
Summary
Rockingham’s mild southern climate definitely puts it in the plus column. With average high temperatures of 51 in January and 92 in August, it’s a pleasant town all year round. The low housing cost, family-friendly neighborhoods, and historical atmosphere make Rockingham worth considering if you’re looking for a place to settle and put down roots.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
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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