Rent to own Homes in Foley, AL
Nicknamed "The Forward City," Foley is a city in Baldwin County, Alabama. It covers a land area of 25.9 square miles and according to the latest census information has a population of 14,618. The area was originally settled in 1901 and named after its founder, John B. Foley. It was to be used as a major railway station in the state, which lead to its incorporation as a city in 1915.
Foley, AL is a great place for affordable rent-to-own homes! With a median household income of over $48,373 and a median rent of $785, the Foley, 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 Foley, 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 Foley, AL Property Resources
Rent to own Homes in Cities Near Foley, AL
- Avalon
- Bagdad
- Bellview
- Brent
- Cantonment
- Chumuckla
- Dickerson City
- Elberta
- Ensley
- Ferry Pass
- Floridatown
- Foley
- Garcon Point
- Gonzalez
- Goulding
- Gulf Breeze
- Gulf Shores
- Lillian
- Mc David
- Milton
- Molino
- Mulat
- Myrtle Grove
- Orange Beach
- Oriole Beach
- Pace
- Pea Ridge
- Pensacola
- Pensacola Station
- Perdido Beach
- Seminole
- Summerdale
- Tiger Point
- Wallace
- Warrington
- West Pensacola
- Woodlawn Beach
Neighborhoods in Foley, AL
No neighborhoods foundPopular Zip Codes in Foley, AL
36536 rent to own homesBuying a Home in Foley, AL
Foley, AL is seeing rapid growth and Foley, AL's' housing market remains optimal with an average home price that is -10% below the 2024 national average. Foley, AL is part of Baldwin 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 Baldwin is 0.31% which is below the national average, which is 0.99%.
Median Home Price in Foley, AL
Median Rent in Foley, AL
7 Reasons to Live in Foley, AL
Strong real estate market! Though the current average price of homes for sale in Foley is higher than the Alabama average, the area has been experiencing steady growth and demonstrated a stable housing market. This means new homeowners can expect to retain their value. If you are willing to pay the price, the City Center neighborhood is where many of the nicest homes are. Otherwise, S Mckenzie St/W Laurel Ave is also a great neighborhood. For those who want to avoid some initial costs, a rent to own option may be preferable.
Explore the local history! The city of Foley has its fair share of unique local attractions, such as the Foley's Model Train Exhibit, which has city archives and various railroad memorabilia. If you prefer something more floral, the Antique Rose Trail features around 500 different types of roses.
Get some fresh air! If you have an interest in the outdoors, the Graham Creek Nature Preserve offers 484 acres of different terrains. It includes hiking trails, kayak launches, and picnic area. If you prefer something more in the city, Cedar Street Park has tennis, baseball, basketball, and pavilions to use.
Low rental costs! Homes for rent in Foley tend to be more affordable than in many other areas of the state. For the best value though, there are a variety of great apartments in the city that offer rental opportunities. Savannah Park Apartments is one of the most affordable complexes and offers up to three-bedroom units. Alternatively, South Pointe also has some great units for rent.
Enjoy the local nightlife! When night rolls around and you need a place to get a drink, The Sequel Dance Club and Beer Garden is one of the local favorite spots. If you prefer something more low key, the Scuttlebutt Pub is extremely welcoming.
Take part in local competitions! For those who enjoy golf, the Glenlakes Golf Club is always a great option to check out. Those who find that bowling is more up their alley, The Gulf Bowl is another great local spot.
Taste the local flavors! When it comes to local restaurants, Lambert's Cafe III is recognized as one of the best places to be. Afterwards, you can grab dessert at Gelato Joe's.