Rent to Own Homes in Roseburg
In 1959, a sizable portion of the downtown area was destroyed in what has come to be known as the Roseburg Blast. The tragic explosion killed fourteen people and injured 125. Despite more than $12 million in damages, the resilient residents of the town embraced rebuilding Roseburg and the downtown area was renovated and renewed within a period of a few years.The below results are primarily rent to own homes in Douglas County, OR:
In 1959, a sizable portion of the downtown area was destroyed in what has come to be known as the Roseburg Blast. The tragic explosion killed fourteen people and injured 125. Despite more than $12 million in damages, the resilient residents of the town embraced rebuilding Roseburg and the downtown area was renovated and renewed within a period of a few years.The below results are primarily rent to own homes in Douglas County, OR:
The Roseburg School District provides primary and secondary education in the city. Roseburg High School offers many vocational programs which are designed to support and encourage the city's timber industry. Local news is delivered by the Roseburg Beacon, a weekly paper that reflects the city's small town atmosphere. Roseburg averages more than 30" of rain in the winter months thanks to its Mediterranean climate.
Buying a Home in Roseburg
Roseburg is one of the more affluent areas in the United States. The median incomes of families are higher and home prices can exceed the state average. The median price of a home in Roseburg is $171,800. Those with a mortgage can reasonably expect a monthly payment of $1,247. About 50% of the homes in the city are owner-occupied and a total of 5,397 residents own their home.
Homes in Roseburg are mostly modern with 85% being less than 30 years old. There is an even mix of small dwellings with one or two bedrooms and medium-sized to large units with three bedrooms or more. About 75% of residents in the city pay less than 30% of their income toward housing costs.
Popular Neighborhoods in Roseburg
The Green neighborhood is a small community on Roseburg's southern border. It is a small suburban neighborhood with many medium-sized homes. The large majority of residents are middle-aged married couples, but there is also a sizable population of college students. Dixonville in the southwest corner of the city is an affluent neighborhood where homes are priced far above both the national, state, and city averages. It is one of the quietest areas in the city and more than two-thirds of its occupants are married couples. Dixonville is rural and offers peaceful country living.
Buying vs. Rent to Own Homes
For a first-time buyer the process of purchasing a home is exciting and stressful. Much of the anxiety comes from having to qualify for a home loan with a mortgage lender. In some cases, a rent to own home may be a better option than a traditional purchase. A rent to own home allows the buyer to experience the home to see if it meets their needs while allocating a portion of their monthly rent to eventual ownership. Best of all, these homes typically do not require qualifying for a loan.
Summary
Those who love outdoor living will appreciate Roseburg, Oregon. This small city of 21,000 residents is built around the South Umpqua River. Leisure activities such as swimming, boating, fishing, and camping are favorite pastimes of the local population. The mild year-round climate and beautiful surroundings make Roseburg a wonderful choice for first-time home buyers.
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
Rent to Own Labs offers free listings for rent to own by owner, foreclosed homes and owner financed properties. Start looking for apartments or houses near me with the Rent to Own Labs search function.
These programs are a great way to buy a condo or townhouse if you have bad credit. In fact, lease purchase and rent to buy programs usually offer cheap homes with no credit check. Just make sure you look at your lease to purchase agreement to understand whether you have the option or obligation to buy the home you’re looking at. Lease-purchase agreements require the buyer to purchase by the end of the lease term, while lease-option agreements give the buyer the option to buy.
- 97470
- 97471