Rent to Own Homes in Tupelo
The city holds many points of interest, especially for history buffs. The Tupelo National Battlefield, managed by the National Park Service, is a popular local attraction. The Tupelo Buffalo Park and Zoo boasts a large assortment of animals in addition to a sizable herd of American bison. The Tupelo Convention and Visitor's Bureau has won numerous awards for its efforts to make the city of one Mississippi's premier vacation spots.The below results are primarily rent to own homes in Lee County, MS:
The city holds many points of interest, especially for history buffs. The Tupelo National Battlefield, managed by the National Park Service, is a popular local attraction. The Tupelo Buffalo Park and Zoo boasts a large assortment of animals in addition to a sizable herd of American bison. The Tupelo Convention and Visitor's Bureau has won numerous awards for its efforts to make the city of one Mississippi's premier vacation spots.The below results are primarily rent to own homes in Lee County, MS:
Deriving its name from the numerous Tupelo trees that dot the landscape, the city has a mild climate which holds year round except for brief periods in the winter. This makes it a perfect location for individuals and families who love outdoor living. The new Tupelo City Hall honors the city's Native American history with a statue of Chief Piomingo, one of the leaders of the Chickasaw tribe. Local municipal entities like the Tupelo Police Department and Tupelo School District work to insure that this charming Mississippi city is a hospitable environment for families, and crime rates tend to be lower than those of the nation as a whole.
Buying a Home in Tupelo?
A little more than half of the housing units in Tupelo are owner-occupied. The median value of a home in Tupelo is approximately $120,000, somewhat lower than the national average. Those with a mortgage pay an average payment of $1,150 per month which is also statistically lower than mortgage payments for homeowners across the United States. The average rental in Tupelo costs $699 per month.
The homes in Tupelo tend to be large and modern. 85% of them were built after 1990 and almost two-thirds have three bedrooms or more. This makes Tupelo an idea housing market for newlyweds that are planning on a family as well as couples with older children.
Popular Neighborhoods in Tupelo?
On the whole, neighborhoods in Tupelo are quiet and friendly. Tupelo boasts a low crime rate that makes it safer than 68% of other cities in the United States. The Palmetto/Bissell neighborhood in the city's southwest corner is a rural area which sports a number of larger homes that are primarily occupied by an even mix of married and single couples. The Flowerdale neighborhood in the northwest corner of the city features some of the city's nicest homes and is populated by a large number of older married couples. Homes in Flowerdale tend to be more expensive than dwellings in other Tupelo neighborhoods.
Buying vs. Rent to Own Homes?
While Tupelo has a vibrant housing market, sometimes the process of qualifying for a traditional mortgage can be daunting. A rent to own home can be an attractive option for those who wish to buy property in this historic southern city. For a price that is often less than the average rental, individuals can benefit from having a proportion of their monthly rent applied to eventual ownership. This option is especially attractive for those who do not wish to be locked into a standard mortgage for many years. Cost of Living in Tupelo
The overall cost of living index in Tupelo is 17% lower than than national average but a few percentage points higher than that of Mississippi as a whole. Housing in Tupelo, while higher than other areas in the state, is still 29% lower than the United States average. Especially noteworthy is that utilities in Tupelo fall 22% below the national index, and groceries are 13% cheaper than they are in other U.S. cities. These reasonable costs of living make Tupelo a wise choice for home buyers.
With its small area and tight-knit communities, Tupelo is a historic gem of the American South where life flows at a simple, relaxed pace. It is the birthplace of Elvis Presley, the former home of the Chickasaw and Choctaw Native American tribes, and a transportation hub that still sports a thriving local economy which is bolstered by tourism. One of Mississippi's safest cities, Tupelo is a great place to raise a family.