Rent to Own Homes in Southaven

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.