Rent to Own Homes in West Monroe
West Monroe is also well known as the community that elected one man as mayor for more than nine consecutive terms. That man was Dave Norris, and he ran unopposed for many of his terms. His popularity within the West Monroe community partly stems from his support of programs that add green space to the city and that bring more jobs to the area. While many residents travel to Monroe and other surrounding cities for jobs, there are also a growing number of small businesses within city limits. The median income for all residents in 2000 was close to $30,000.The below results are primarily rent to own homes in Ouachita Parish, LA:
West Monroe is also well known as the community that elected one man as mayor for more than nine consecutive terms. That man was Dave Norris, and he ran unopposed for many of his terms. His popularity within the West Monroe community partly stems from his support of programs that add green space to the city and that bring more jobs to the area. While many residents travel to Monroe and other surrounding cities for jobs, there are also a growing number of small businesses within city limits. The median income for all residents in 2000 was close to $30,000.The below results are primarily rent to own homes in Ouachita Parish, LA:
Some of the most popular West Monroe attractions include Restoration Park, Cheniere Lake Park, Kiroli Park, Landry Vineyards and Lazarre Park. There are also many family-friendly attractions in the city, including the Excalibur Family Fun Center, Mane Street Mini-Golf and Games, and the farmers market at 7th Square.
Buying a Home in West Monroe?
The median listing price for homes in West Monroe typically stays well below $300,000. You can expect to see many homes listed around the $200,000 mark along with some more luxurious homes and open lots of land that are suitable for new constructions. Since most schools in the city are highly rated, you can focus on finding a neighborhood that suits your budget and your lifestyle. More than 70 percent of residents own their homes, so you won't have to look hard to find stable neighborhoods with low resident turnover.
Popular Neighborhoods in West Monroe?
One of the most popular West Monroe neighborhoods is located in the northwestern corner of the city. It falls mostly north of Arkansas Road and runs into the D'Arbonne National Wildlife Refuge in the north. You'll find many large homes in this area, and most of the homes were built after the 1970s. The majority of homes are occupied by their owners, and the vacancy rate tends to stay below five percent. You'll find some of the highest real estate prices in this area, but it's also a stable community of well-maintained homes. If you're shopping on a budget, look in the southern half of the city to find some of the most affordable properties.
Buying vs. Rent to Own Homes?
If your goal is to stop renting and to purchase a home, look for rent-to-own homes in West Monroe. These properties give you the opportunity to rent a house that you plan to purchase one day. You may have a year or longer to secure financing and officially buy the home. Since you get to move into the property from the start, you don't have to pack up and move again once the deal is finalized.
West Monroe is located just across the river from the city of Monroe and is best known as home to the stars of the TV show Duck Dynasty. One of the city's biggest attractions is the amount of green space available for recreation and relaxation. Mayor Dave Norris has worked hard to promote programs that renovate and maintain a variety of parks with beautiful landscaping, safe walking and biking trails, and scenic areas for play and picnicking. This is a growing city with more than $13,000 residents, and the cost of living is below the national average.
Summary
West Monroe is located just across the river from the city of Monroe and is best known as home to the stars of the TV show Duck Dynasty. One of the city's biggest attractions is the amount of green space available for recreation and relaxation. Mayor Dave Norris has worked hard to promote programs that renovate and maintain a variety of parks with beautiful landscaping, safe walking and biking trails, and scenic areas for play and picnicking. This is a growing city with more than $13,000 residents, and the cost of living is below the national average.
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
Lease-purchase programs offer sellers more certainty than traditional rent to buy because buyers are contractually obligated to buy the condo, townhouse or house by the end of the lease term. Normally, rent to own by owner means the buyer has the option to buy and the seller has the obligation to sell.
Lease-options are more convenient for buyers. However, buyers and sellers may work out lease to purchase deals for houses and other properties when the seller is overlooking a bad credit score or a small option fee. The requirement for buyers to purchase properties makes sellers feel more comfortable leasing with no credit check because they don’t have to worry about whether buyers will opt out.
If you’re interested in looking for apartments for lease option, check out our free listings by searching for properties near me. We showcase more than just rent to own. Use our site to find cheap foreclosed homes or owner financing.
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