Rent to own Homes in Huntsville, AL
For people planning to buy property in Huntsville, there are some excellent reasons to do so, including the overall affordability. The median sale price of homes during the second quarter of 2013 sat at $140,000, the same as the previous year, meaning home sale prices have not increased here substantially in the past year. The area has, as of the mid-August 2013, 2,465 homes for sale, with 1,027 homes having recently been sold. The average listing price for homes here is $220,181, slightly higher than the average listing price one year ago.
Huntsville, AL is a great place for affordable rent-to-own homes! With a median household income of over $56,758 and a median rent of $868, the Huntsville, 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 Huntsville, 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 Huntsville, AL Property Resources
Rent to own Homes in Cities Near Huntsville, AL
- Ardmore
- Ardmore
- Athens
- Blanche
- Brownsboro
- Decatur
- Dellrose
- Elkmont
- Elkton
- Elora
- Fayetteville
- Flintville
- Frankewing
- Gurley
- Harvest
- Hazel Green
- Huntsville
- Kelso
- Laceys Spring
- Madison
- Meridianville
- Moores Mill
- Mooresville
- New Market
- Owens Cross Roads
- Park City
- Priceville
- Prospect
- Redstone Arsenal
- Taft
- Tanner
- Toney
- Triana
- Valhermoso Springs
Neighborhoods in Huntsville, AL
Hamptons rent to own homes Huntsville Campus rent to own homes Alderbrook rent to own homes Arbor Woods rent to own homes Ashtynn Manor rent to own homes Bell Grove Manor rent to own homes Bellewood Park rent to own homes Big Cove Commons rent to own homes Blake Bottom Industrial Park rent to own homes Brookhaven Apartments rent to own homesBuying a Home in Huntsville, AL
Huntsville, AL is seeing rapid growth and Huntsville, AL's' housing market remains optimal with an average home price that is -15% below the 2024 national average. Huntsville, AL is part of Madison 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 Madison is 0.43% which is below the national average, which is 0.99%.
Median Home Price in Huntsville, AL
Median Rent in Huntsville, AL
Tourist Attractions Huntsville is a welcoming town, with plenty of activities for tourists and residents alike. The Twickenham Historic District, Old Town Historic District, and the Five Points Historic District are the best places to embrace the history of this city. The U.S. Space and Rocket Center is a fun museum for people of all ages. Other museums include the Burritt Museum and Park, Early Works Museum, and the Huntsville Museum of Art. Festivals like the International Festival of North Alabama and the Panoply Arts Festival take place here every year.
Local Sports Huntsville is no doubt a sports-loving town. City teams include the Rocket City United in the National Premier Soccer League and the Rocket City Titans of the Premier South Football League. Also, there are the Huntsville Stars, a Double-A baseball team affiliated with MLB's Milwaukee Brewers, in the Southern League, and hockey lovers can cheer for the Huntsville Havoc, who are part of the Southern Professional Hockey League. With Joe Davis Stadium, Goldsmith Schiffman Field, Milton Frank Stadium, and Louis Crews Stadium all within the city, there is nearly always a game on for the avid sports fan. And, for stock-car racing, the Huntsville Speedway is top of the line.
Neighborhoods Huntsville is home to several neighborhoods. Some of the most prominent include the following areas: