Rent to own Homes in Enterprise, AL
If you are looking for a small community that represents some of the best that America has to offer, you'd be hard pressed to find a more qualified city than Enterprise, Alabama. Between a thriving peanut industry and a history of overcoming difficulties, Enterprise provides the best of smaller-community living and a booming economy. Located just over an hour from Montgomery and two hours away from the beach, Enterprise is a great option for anyone looking for a flexible lifestyle.
Enterprise, AL is a great place for affordable rent-to-own homes! With a median household income of over $62,182 and a median rent of $855, the Enterprise, 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 Enterprise, 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 Enterprise, AL Property Resources
Rent to own Homes in Cities Near Enterprise, AL
- Abbeville
- Ashford
- Avon
- Campbellton
- Clayhatchee
- Clopton
- Columbia
- Cottonwood
- Cowarts
- Daleville
- Dothan
- Esto
- Fort Rucker
- Gordon
- Graceville
- Grimes
- Haleburg
- Hartford
- Headland
- Jacob City
- Kinsey
- Level Plains
- Madrid
- Malvern
- Midland City
- Napier Field
- Newton
- Newville
- Noma
- Ozark
- Pansey
- Pinckard
- Rehobeth
- Shorterville
- Skipperville
- Slocomb
- Taylor
- Webb
Neighborhoods in Enterprise, AL
No neighborhoods foundPopular Zip Codes in Enterprise, AL
36330 rent to own homesBuying a Home in Enterprise, AL
Enterprise, AL is seeing rapid growth and Enterprise, AL's' housing market remains optimal with an average home price that is -20% below the 2024 national average. Enterprise, AL is part of Coffee 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 Coffee is 0.36% which is below the national average, which is 0.99%.
Median Home Price in Enterprise, AL
Median Rent in Enterprise, AL
Top 4 Reasons to Move to Enterprise, AL
A city of resilience! This smaller city has proven to be a resilient community with an intriguing history. First settled in 1881, the city grew quickly and was soon a hub of commerce. After overcoming crop destruction by switching to peanut farming, Enterprise proved its ability to persevere. To sample the peanuts that are the backbone of the city's economy, Sessions Peanuts offers a shop that lets you enjoy a local treat, and Milky Moo's Homemade Ice Cream serves up crushed peanuts on top of its sweet creations.
Affordable real estate! Housing costs in Enterprise are lower than average, with home listings hovering around $210,000. The listing prices are as low as they've been in the last year, with more homes going up for sale, which also provides great rent to own options. In addition to having a great housing market for buyers, the cost of living in Enterprise is on par with the rest of Alabama. Utilities, transportation, housing and health care area all below national averages. The neighborhood located directly below West College Avenue offers homes under $100,000, while more spacious homes that are still affordable are located to the southeast of the Enterprise Country Club.
A strong community! Enterprise has much activity for its size. With a variety of clubs, groups and other events, there is plenty to do and see in this southern town. Nearby attractions and activities include Tartan Pines Golf Club, a recreation center, bowling lanes, art groups and civic clubs. Additionally, you can take advantage of a gymnasium and seven parks. For people who like to know where their food comes from, the Enterprise Alabama Farmer's Market is located near the Railroad Museum.
A growing real estate market! While the cost of living remains at 4% lower than the national average, the population has increased by 26% since 2000, which indicates a healthy growth in the real estate market in Enterprise. When you plan to own a house in Enterprise, you'll be investing a stable community where 70% of residents own their homes. Amenities like Enterprise State Community College and Lake Tom give residents a reason to stick close to the city and feel proud.