Rent to Own Homes in Valdosta
With a population of about 55,700, Valdosta is part of the Valdosta Metropolitan Statistical Area, which is a four-county area anchored by the city of Valdosta. The entire area has a population of about 140,000. A whopping 13,000 are students of Valdosta State University. Completing the university-town atmosphere are an extension of Georgia Military College and Wiregrass Georgia Technical College. And it’s worth noting that Valdosta High School has the most winning football program of any high school in the United States.The below results are primarily rent to own homes in Lowndes County, GA:
With a population of about 55,700, Valdosta is part of the Valdosta Metropolitan Statistical Area, which is a four-county area anchored by the city of Valdosta. The entire area has a population of about 140,000. A whopping 13,000 are students of Valdosta State University. Completing the university-town atmosphere are an extension of Georgia Military College and Wiregrass Georgia Technical College. And it’s worth noting that Valdosta High School has the most winning football program of any high school in the United States.The below results are primarily rent to own homes in Lowndes County, GA:
Buying a Home in Valdosta
The median cost of a home in Valdosta is quite reasonable at $117,800. The average age is just under 27, and about 36% of the population is married. These statistics are fully consistent with the presence of so many college students. Singles and young couples fit in well there. There are about 30 schools – public and private – and they are rated anywhere from 2 to 9 (out of 10), so families with school-aged children would do well to check out the schools when looking for a neighborhood.
The cost of living in Valdosta is 12% below the national average. A major contributing factor to this is the cost of housing, which is an impressive 37% below the national average. Home appreciation is nearly 3% over the past year.
Popular Neighborhoods in Valdosta
If you want to be where the action is, the Valdosta State U/N Ashley St. neighborhood might be the place. This is where the university is located. Median real estate price is about $213,000, and the homes in this area are mainly small- to medium-sized (studio to four bedrooms). Close proximity to the college means that most residential real estate is renter occupied. The crime rate is low, and it’s a very walkable area as well.
To the northwest is the Deerbrook Dr/Pebblewood Dr. area. The residences are mostly medium- to large-sized, and most are owner occupied. The neighborhoods are established but not old, as many homes were built after 1970. The median real estate price is about $239,000. The area is considered a safe neighborhood and offers a wide variety of housing options.
Buying vs. Rent to Own Homes
Valdosta may already be tempting you with its climate and youthful atmosphere. But getting financing for a home can be difficult. If you’re not quite ready for that step, there is another option. Many are taking advantage of rent-to-own options. A portion of each month’s rent goes toward a down payment to eventually buy the house. This allows renters – who may not be in a position to buy a home outright – to eventually become proud homeowners.
Summary
The variety of neighborhoods and housing options, large population of students and young adults, mild climate, and proximity to large metropolitan areas and beaches make Valdosta worth considering for singles and young families alike. At your fingertips is the liveliness of a fun, college town or a lazy weekend getaway to the beach.
Rent to Own Realtors
An agent serves as a protection for both the buyer and the seller. They can save the buyer and seller a lot of time and money, which could offset the realtor’s commission.
However, not many realtors are interested in helping with lease-options. They make a minimal profit off of the lease portion of the deal, and the profit from the purchase is several years down the line and isn’t guaranteed.
Instead, protect yourself by communicating with lawyers, title agents and mortgage lenders to ensure that your rent to own deal works smoothly.
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.
- 31602
- 31601
- 31605
- 31606
- 31603
- 31604
- 31698