Rent to own Homes in Decatur, AL
The Benefit of Industry! Many large manufacturing and high tech firms have chosen to locate in Decatur. Not excited? You probably haven't heard of all the benefits to parks and neighborhoods firms such as United Launch Alliance, NuCor Steel and 3M provide to many of Decatur's residents.
Decatur, AL is a great place for affordable rent-to-own homes! With a median household income of over $49,296 and a median rent of $692, the Decatur, AL rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Decatur, AL. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Decatur, AL Property Resources
Rent to own Homes in Cities Near Decatur, AL
- Ardmore
- Ardmore
- Athens
- Blanche
- Brownsboro
- Danville
- Decatur
- Elkmont
- Elkton
- Eva
- Falkville
- Hartselle
- Harvest
- Hazel Green
- Huntsville
- Laceys Spring
- Madison
- Meridianville
- Moores Mill
- Mooresville
- New Hope
- New Market
- Owens Cross Roads
- Priceville
- Prospect
- Redstone Arsenal
- Somerville
- Taft
- Tanner
- Toney
- Triana
- Trinity
- Valhermoso Springs
Neighborhoods in Decatur, AL
Old Decatur rent to own homes Albany rent to own homes Riverfront rent to own homes Downtown Decatur rent to own homes Fairview rent to own homes Westmead rent to own homes West Decatur rent to own homes Flint City rent to own homes Delano Park rent to own homes Old Town rent to own homesBuying a Home in Decatur, AL
Decatur, AL is seeing rapid growth and Decatur, AL's' housing market remains optimal with an average home price that is -35% below the 2024 national average. Decatur, AL is part of Morgan county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Morgan is 0.37% which is below the national average, which is 0.99%.
Median Home Price in Decatur, AL
Median Rent in Decatur, AL
Top 11 Reasons to Live in Decatur
Two Separate Historical Districts! Albany and Old Decatur neighborhoods feature some of the oldest and most beautiful homes in Alabama, with many Victorian homes and Craftsman style bungalows alongside beautiful rentals.
Fun Festivals and Events! Throughout the year, Decatur is a lively place to enjoy culture and historical fun. The Alabama Jubilee -- Hot Air Balloon Classic hosts pilots from across the US for this Memorial Day weekend festival. In addition to seeing the beautiful hot air balloons, you can also visit the festival's arts and crafts show, antique car and tractor and engine shows and international food court. Also visit Riverfest,a barbecue cook-off at Ingalls Harbor sanctioned by the Kansas City Barbecue Society. Enjoy live music and children's activities beside great barbecue all to benefit the community.
Location, Location, Location! Less than thirty minutes from Huntsville and its international airport, Decatur is only a day's drive away from half of the country's population with cities such as Birmingham, Nashville, Atlanta, St. Louis and New Orleans close by. Rent to own homes are plentiful.
Vacancy Rates on the Rise! With attractions like Point Mallard Park, said to be the first wave pool in the country, and the Princess Theatre, great for kids and families, Decatur is a great place to rent to own, and you will never have to travel too far from home for fun and excitement.
Outdoors galore! Known as "The River City," Decatur has many activities to get you out and about. Wheeler Wildlife Refuge - With 34,500 acres of pristine and preserved woodlands, the Wheeler Wildlife Refuge provides one of the best places to study waterfowl and wildlife in the country. Fishing and boating on Wheeler Lake and the Tennessee River is a chance for you to explore the beauty of Northern Alabama's waterways.
Sportsman's Dream! Decatur is host to many international and national sport tournaments. From the National Association of Intercollegiate Athletics Softball tournament to the STIHL Timbersports series, there are plenty of sports to watch and play in Decatur.
Good Eats! Try Big Bob Gibson's Barbecue for world champion eats and the City Cafe in downtown Decatur for the best meat and three around. And for the freshest catch, visit Daniel's Seafood, Decatur's best kept secret.
History! Founded in 1823 and named in honor of the famous US Naval Officer, Commodore Stephen Decatur, Decatur held a unique place in how history unfolded during the war between the states. Visit the Old State Bank, which survived the burning of Decatur or watch a civil war reenactment of the Battle of Decatur at Point Mallard Park.
Healthcare! Decatur is served by two hospitals - Decatur General Hospital and Parkway Medical Center Hospital. Both provide emergency room services and cardiac care units.
Affordable Homes! Prices on rent to own homes are down in Decatur, which is truly surprising, especially if you consider how active Decatur stays with a healthy combination of Youth Art Month in March, it's historic walking tours in Delano Park, and more. Who wouldn't want to take advantage of these prices?