Rent to Own Homes in Thomasville
Located in the central part of the state, Thomasville is... Read More
Located in the central part of the state, Thomasville is less than ten miles from both Greensboro and Winston-Salem, and Charlotte is 70 miles to the southwest. The state capital of Raleigh is 100 miles to the east.The below results are primarily rent to own homes in Davidson County, NC:
Located in the central part of the state, Thomasville is... Read More
Located in the central part of the state, Thomasville is less than ten miles from both Greensboro and Winston-Salem, and Charlotte is 70 miles to the southwest. The state capital of Raleigh is 100 miles to the east.The below results are primarily rent to own homes in Davidson County, NC:
Thomasville has long been known for its furniture industry, and is known as “Chair Town” or “Chair City.” This is in reference to its most famous landmark, a 30-foot replica of a Duncan Phyfe armchair in the middle of town. The original was built in 1922 by the Thomasville Chair Company (now known as Thomasville Furniture Industries), but due to wear from weather exposure was replaced in 1951 by a concrete model.
A number of structures in Thomasville are on the National Register of Historic Places, some dating to the early 19th century. The Thomasville Downtown Historic District contains 46 contributing buildings built between 1871 and 1938. The city also includes the Salem Historic District and Randolph Street Historic District, with buildings dating from the 1860s to the 1950s.
Buying a Home in Thomasville
A home can be purchased in Thomasville for a modest price; the median home cost is $99,200, a full 47 percent below the national average. About 65 percent of the residential real estate is owner occupied. Current home listings range from $23,900 to $409,000. The overall cost of living is about 18 percent below the national average.
The median age of Thomasville’s residents is 36.7, and approximately 45 percent of the population is married. The median household income is about $35,000.
Thomasville is served by the Thomasville City Schools system, which is comprised of a primary school, elementary school, middle school, and Thomasville Senior High School. Davidson County Schools operates eight schools in the Thomasville area. There are several private schools as well.
Popular Neighborhoods in Thomasville
Nine constituent neighborhoods comprise Thomasville. The northeast section, the W Chestnut Ave/Lexington Dr. neighborhood, is a middle income area made up of small- to medium-sized single-family homes and mobile homes. Most is owner occupied, and many residences were built after 1970. The median home cost is $162,500.
The Fair Grove/Glenn Anna neighborhood, closer to the city center, is a lower-middle income area comprised of small- to medium-sized single-family homes and apartment complexes. The median home cost is about $149,000, and most residences are owner occupied.
Buying vs. Rent to Own Homes
Thomasville may already be beckoning you with its southern charm and low cost of housing. Financing a home, however, can be a difficult process. That’s why many are turning to rent-to-own options. A portion of the rent each month is set aside, and the “nest egg” gradually accrues to become a down payment. In this way, the tenants can eventually purchase the home. Renters who may not be able to afford a down payment can gradually save with the possibility of owning the home in which they already live.
Summary
Located in the Piedmont Region of North Carolina, the rolling foothills of the Appalachians provide a beautiful background wherever you look. The mild southern climate and low cost of living are attractive features, and the proximity to large metropolitan centers means that big-city amenities – fine dining, shopping, entertainment, nightlife, and even employment – are never far away.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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