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Rent to Own Homes in Southaven
Overview
Stretching along the border of Tennessee and Mississippi, Southaven has a little of both states in its heart. Just south of the Memphis neighborhood of Whitehaven, Southaven residents travel back and forth between the two states seamlessly. Still, Southaven has its own character, a friendly small-town suburb with abundant sports and entertainment. The Memphis Hustle, a Memphis Grizzlies NBA Gatorade League team, plays at Southaven’s Landers Center. The Mississippi RiverKings, a Southern Professional Hockey League team, also plays at Landers Center. If you prefer less competitive entertainment, Southaven Towne Center, Tanger Outlets and BankPlus Amphitheater are popular gathering spots.
Southaven is actually an important part of the entire Memphis metropolitan area and the biggest city in DeSoto County. Memphis International Airport is just five miles north of Southaven, so traveling regionally and around the world is convenient. The below results are primarily rent to own homes in DeSoto County, MS:
Overview
Stretching along the border of Tennessee and Mississippi, Southaven has a little of both states in its heart. Just south of the Memphis neighborhood of Whitehaven, Southaven residents travel back and forth between the two states seamlessly. Still, Southaven has its own character, a friendly small-town suburb with abundant sports and entertainment. The Memphis Hustle, a Memphis Grizzlies NBA Gatorade League team, plays at Southaven’s Landers Center. The Mississippi RiverKings, a Southern Professional Hockey League team, also plays at Landers Center. If you prefer less competitive entertainment, Southaven Towne Center, Tanger Outlets and BankPlus Amphitheater are popular gathering spots.
Southaven is actually an important part of the entire Memphis metropolitan area and the biggest city in DeSoto County. Memphis International Airport is just five miles north of Southaven, so traveling regionally and around the world is convenient.
Buying a Home in Southaven
Southaven is known for its stately brick homes and nice neighborhoods. The median listing price for a Southaven home is $207,000, but the median closing price is a very affordable $125,000. With more than 300 homes on the market, houses here vary widely in size and price. Home prices rose slowly but fairly steadily over the past three years. Homes continue to sell more rapidly, too, within about a month-and-a-half of listing. If you’re serious about buying a home, be prepared to move quickly on your decision.
Buying vs. Rent to Own Homes
In a rising market like Southaven’s, renting to own offers many advantages. First, renting to own a home now allows you to lock in your home’s sale price today. So, even though you won’t be completing the sale for a couple of years, you can take advantage of today’s affordable prices. This is especially helpful if you’re not quite ready with your down payment and financing. Over the course of your rent to own contract, you can build up your financial health while paying a bit towards your home’s eventual purchase each month. Buying a home outright doesn’t give you this time and financial advantage.
Summary
Southaven, the “Top of Mississippi,” is an attractive community just 13 miles south of vibrant Memphis. Affordable homes in spacious neighborhoods are just part of the community’s appeal. The town is celebrated for its many barbecue joints and the largest collection of restaurants in Northern Mississippi. Southaven’s also popular for its professional sports teams like the NBA-affiliated Memphis Hustle and Mississippi RiverKings hockey team. Residents relish live music concerts at BankPlus Amphitheater at Snowden Grove and national youth baseball tournaments at Snowden Grove Park. For residents young and not-so-young, Southaven’s small-town neighborhoods and big-city entertainment are irresistible.
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:
- 38672
- 38671