Rent to own Homes in Prichard, AL
Just four miles north of Mobile sits Prichard, a charming town with a good deal of space (25.4 square miles of it). Home to roughly 22,400 inhabitants, Prichard is a pleasant mix of numerous neighborhoods. Residents get conveniences such as dining and shopping spots and proximity to major roads, alongside views of the Mobile River. And with the grand Gulf of Mexico just a short distance away, it's easy to see why Prichard is affectionately called The City of Champions.
Prichard, AL is a great place for affordable rent-to-own homes! With a median household income of over $30,464 and a median rent of $805, the Prichard, 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 Prichard, 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 Prichard, AL Property Resources
Rent to own Homes in Cities Near Prichard, AL
Popular Zip Codes in Prichard, AL
36612 rent to own homesBuying a Home in Prichard, AL
Prichard, AL is seeing rapid growth and Prichard, AL's' housing market remains optimal with an average home price that is -70% below the 2024 national average. Prichard, AL is part of Mobile 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 Mobile is 0.5% which is below the national average, which is 0.99%.
Median Home Price in Prichard, AL
Median Rent in Prichard, AL
Top 4 Reasons to Live in Prichard, AL
Fill up the stomach! Prichard and good food go hand in hand. With so many good eateries in town, satisfying your appetite shouldn't be a problem. For a classic home-style meal, head to Burger Master Restaurant. For a feast, try a dish at McMillan Barbecue. And for a taste of the Gulf, book a table at Tony's Seafood. Night owls don't have to worry about getting a late meal either, as 24-hour joints like Huddle House await.
Enjoy reasonably priced real estate! Nearly 83% of rental units lease for less than $1000 per month and over 76% of homes are valued at less than $100,000. Whether renting or buying, home shoppers here are going to be paying less than the Mobile metro average and much less than the national average. This is true throughout town, from near Pollard Park in the center to around High Point Golf Club on the outskirts.
Take advantage of the amenities! Prichard offers its residents plenty of community activities, from professional-grade disc golf at Chickasabogue Park to an abundance of resources and learning materials at the Prichard Public Library. Concerts and horse shows at Prichard Municipal Stadium also give the town a reason to celebrate. And numerous city parks provide space to relax or exercise.
Rent or buy without any trouble! Prichard's real estate listings typically feature a good mix of homes for rent and sale, as 58.7% of housing units in town are owner-occupied while 41.3% are being leased. There are even some listings for rent to own houses, which afford newcomers the chance to test out a pad in Prichard prior to completing a purchase. There are many solid areas to search, too. The Eight Mile community, for instance, has all sorts of single family homes and offers residents ample space, while still being near conveniences such as the Eight Mile Shopping Center. Checking around Joel Blackwell Memorial Field and the center of town is also a good idea, as these homes offer easy access to Interstates 65 and 165, as well as stores and restaurants.