Rent to Own Homes in Tuscaloosa, AL

The University of Alabama is the centerpiece of Tuscaloosa, and the football team is the citys pride and joy. However, there is more to Tuscaloosa than football, even if its hard to tell every fall. This is a prosperous city of approximately 93,000 people. Tuscaloosa has a quaint downtown area with some buildings built in the late 1800s, and plenty of restaurants and pubs. Most of the retail and commercial businesses are found along McFarland Boulevard, which runs the length of the city. A couple of years ago the city built the outdoor Tuscaloosa Amphitheater which attracts big name acts. There is the award-winning Childrens Hands-On Museum and the Paul W. Bryant Museum located on the campus. Recently, a number of large apartment complexes were developed to accommodate the growing campus population, making it easy to find rental properties.

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A95cc5af9eee7c57a62c2069359028fd
Listing Type
Rent-To-Own
Description

3 Beds, 2 Baths

Tuscaloosa, AL 35406

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School: Rock Quarry Elementary School
Grocery: Buddy's Food Mart
Restaurant: New China Restaurant
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A54a9287297b0b75939f4c9c73bc66ac
Listing Type
For Sale By Owner
Description

5 Beds, 4 Baths

Northport, AL 35475

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School: Northport Elementary School
Grocery: Lakeland Grocery
Restaurant: Roosters-Texaco
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7863c3265083e4c143b45ef2e04b1e5c
Listing Type
Fannie Mae/Freddie Mac
Description

2 Beds, 1 Bath

Tuscaloosa, AL 35401

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School: Martin L King Jr Elementary School
Grocery: Lil V's Quick Stop
Restaurant: Stacy's Food Market
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611d2c06e1aa466805a351d51355207a
Listing Type
REO Foreclosure
Description

2 Beds, 2 Baths

Tuscaloosa, AL 35405

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School: Englewood Elementary School
Grocery: Amith Melvani
Restaurant: Dickey's Barbecue Pit
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Cac3d2acd717da7b8e5686ec2c3db09a
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For Sale By Owner
Description

2 Beds, 1 Bath

Tuscaloosa, AL 35401

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School: Northington Elementary School
Grocery: Kay Discount Store
Restaurant: Yakamoz Turkish Restaurant
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306ae6da4f7df58b2ed87542d691446a
Listing Type
REO Foreclosure
Description

3 Beds, 2 Baths

Tuscaloosa, AL 35406

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School: Tuscaloosa Academy
Grocery: Tide Clean
Restaurant: Taco Casa
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Bcfa1b63e642d5aa3f6ac92ac84e5af5
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For Sale By Owner
Description

5 Beds, 4 Baths

Tuscaloosa, AL 35404

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School: Northington Elementary School
Grocery: Suber
Restaurant: Hawk's Sports Bar & Grill
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C2ba9f6d4b7673faa1a72981f7f7dc39
Listing Type
HUD Foreclosure
Description

4 Beds, 2 Baths

Tuscaloosa, AL 35404

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School: Arcadia Elementary School
Grocery: Sani's Food Mart
Restaurant: A Cuttting Edge & Occas
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C38a8f9f650bc125a55d9c54e6117214
Listing Type
HUD Foreclosure
Description

3 Beds, 2 Baths

Tuscaloosa, AL 35405

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School: Oak Hill School
Grocery: Buddy's Food Mart
Restaurant: Lad Food I
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Housing Statistics

As would be expected in a city hosting a large university, over half (52 percent) of the properties are renter occupied, making it easy to find rent to own houses. There is also a high vacancy rate of over 22 percent for the same reason. However, the owner occupied residences are stable, and there is a large selection in every price range. 48 percent of the homes are owner occupied. That is due to the fact that Tuscaloosa is a mix of old and new developments. The median home value is approximately $150,000-$160,000, and the median price for a monthly rental is $525. Newer apartments will cost more to rent, of course. There are usually 500-600 properties for sale at any time and approximately 3,000 houses and condominiums are sold each year. The median sales price is $129,000. The annual turnover for homes is approximately 25 percent, but the fact it is higher than the national average is due to it being a university town.

Employment Opportunities

According to the Tuscaloosa Chamber of Commerce, the largest employer in Tuscaloosa is the University of Alabama with over 8,000 employees. The higher education industry also includes Stillman College and Shelton State Community College. The next largest employer is DCH Regional Medical Center, which is centrally located close to the city center and the University of Alabama. The medical center employs approximately 3,500 people. Another major health employer is the Veterans Administration Hospital, which employs 1,126 people. Other major employers include the BF Goodrich Tire Manufacturing plant with 1,400 people, the City Board of Education with 1,354 people, and the City of Tuscaloosa with 950 people. These numbers fluctuate, but this gives you a good idea of the size of the major employers.

Arts and Culture

All through the year there are artistic and cultural events. The historic Bama Theater, opened in 1938, hosts old film series, concerts and music performances. Nearby, the Tuscaloosa Arts Council is restoring another historic building and developing the Dinah Washington Cultural Arts Center. Theatre Tuscaloosa, now working in cooperation with Shelton State Community College, has been offering performances for over 40 years. The Tuscaloosa Amphitheater holds attracts big-name celebrities like Rascal Flatts, Willie Nelson, the Backstreet Boys and Widespread Panic.

Neighborhoods

Tuscaloosa is a city where most neighborhoods can be considered close by. Even the most northern and southern sections require only a 15 to 30 minute commute to downtown Tuscaloosa or the University of Alabama. The following are some of the main areas where year-round residents and students live:

Crescent Ridge: This a modest older area with well-kept homes in a median price range of $105,000. There are also many apartment units for rent, and they average around $600. A nice feature of the area is that it is removed from the congested McFarland Avenue, and so the lifestyle is slower paced.

Northridge: This is another nice area with an excellent school system. On the north end is Munny Sokol Park, which hosts numerous summer athletic events, an annual fair, and various local club events. The median price of houses is $298,000 and rents approach $1,000 per month.

University of Alabama: Surrounding the campus of the University of Alabama are a host of older homes converted to rentals and numerous old and new apartments. The real estate within walking distance to the university caters to students. However, there are also a couple of historic neighborhoods in the vicinity of the university. One of those areas is near at the intersection of Paul W. Bryant Drive and Queen City Avenue. University Boulevard cuts through campus and takes you into downtown. In the last few years there has been significant development of loft-style apartments in downtown.

Forest Lake: This area was devastated by the April 27, 2011 tornadoes but has made a wonderful comeback. There are approximately 300, mostly rebuilt, homes. There are some apartments also. The area is centrally located and minutes from University Mall, the largest mall in the city. It is also a short drive to the University of Alabama.

McFarland Boulevard East: McFarland Boulevard runs from I-20/59 into Northport, an adjacent small city. On the east end are a number of middle-class neighborhoods. The nice feature of this end of town is that it is not as close to the University of Alabama, so the influx of students during the school year is not as obvious.

Taylorville: The most southern area of Tuscaloosa, it has seen significant growth over the last decade. It is composed of middle-class homes and apartments and a growing retail and commercial district. It is a simple drive on Highway 359 into the city center.