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Rent to Own Homes in Rome
The city of Rome is located in northwestern Georgia and is home to Shorter University and Berry College. The city is positioned in the Appalachian foothills and was originally occupied by the Creek and Cherokee Indians. The Rome economy is sustained largely by the manufacturing and healthcare industries. Some of the major employers in this area of the United States include Kellogg's, the Floyd Medical Center, the Redmond Regional Medical Center, Harbin Clinic and Hillshire Brands.
Some of the biggest Rome attractions include the Rome Clock Tower, the Chieftains Museum, the Labyrinth of Rome and the Martha Berry Museum. There are also many parks and outdoor recreational areas in this region of Georgia. This includes Rices Spring, Ridge Ferry Park, Etowah Park and the Berry College Wildlife Management Area and Refuge. The below results are primarily rent to own homes in Floyd County, GA:
The city of Rome is located in northwestern Georgia and is home to Shorter University and Berry College. The city is positioned in the Appalachian foothills and was originally occupied by the Creek and Cherokee Indians. The Rome economy is sustained largely by the manufacturing and healthcare industries. Some of the major employers in this area of the United States include Kellogg's, the Floyd Medical Center, the Redmond Regional Medical Center, Harbin Clinic and Hillshire Brands.
Some of the biggest Rome attractions include the Rome Clock Tower, the Chieftains Museum, the Labyrinth of Rome and the Martha Berry Museum. There are also many parks and outdoor recreational areas in this region of Georgia. This includes Rices Spring, Ridge Ferry Park, Etowah Park and the Berry College Wildlife Management Area and Refuge.
Residents are served by the Rome City School District, which includes Rome High School, Rome Middle School and more than five elementary schools. There are also several private schools accepting students from Rome, including a college-prep boarding school known as Darlington School. The elementary and middle schools operated by Berry College give students the advantage of talented liberal arts teachers and more personal attention.
Buying a Home in Rome
The median home value for houses in Rome tends to stay below $150,000. You can expect to find many home selling for less than $100,000, even though the median listing price may get closer to $200,000 at times. The median home size is around 2,000 square feet, but you can find much larger homes if you have a growing family.
If you have children, it helps to decide whether you want them to attend one of Rome's private schools or a public school before selecting a home. This allows you to select a neighborhood that places your child close to your desired schools.
Popular Neighborhoods in Rome
One of the most popular Rome neighborhoods starts around Berry College and extends northwest to Big Texas Valley Road NW. The median home price can get close to $250,000 at times, so it is one of the most expensive communities in Rome. There are more rental properties than owner-occupied properties here, and the vacancy rate can extend beyond 10 percent at times.
If you prefer a more stable neighborhood with fewer rental properties and more reasonable real estate prices, look in the Sherwood Forest community. Home prices tend to stay below $200,000 in this area, and you'll find more large homes with four or more bedrooms in this community.
Buying vs. Rent to Own Homes
When you see a sign for a rent-to-own home in Rome, you're looking at the possibility of homeownership. These properties are up for sale, but the current owners are willing to allow the right buyer to start out with a rental contract. You can use the rental period to save up a more substantial down payment or to improve blemishes on your credit report. This may help you qualify for a better interest rate when you're ready to secure a mortgage loan and buy the home. Eventually, you will transition from renter to owner.
Cost of Living in Rome
The cost of housing in Rome can drop more than 30 percent below the national average at times. Even though many residents pay slightly more than average for healthcare and transportation, the overall cost of living is typically more than 10 percent lower than the national average. While the median cost of food and everyday goods and services may sometimes rise above average, it's still possible for smart shoppers to keep these expenses under control in Rome.
Summary
There are nearly 40,000 residents in the northwestern Georgia city known as Rome. Originally occupied by the Cherokee Indians, the city is positioned close to the Appalachian Mountains and offers residents easy access to outdoor recreational areas. With multiple private schools, two institutes for higher learning and a thriving manufacturing industry, many residents live in this city for the many educational and employment opportunities.
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:
- 30149
- 30163
- 30164
- 30162
- 30161
- 30165