Rent to own Homes in Benton, AR
Benton is a thriving small community in Saline County that is home to 30,881 residents. First settled in 1833, Benton has grown into one of the most popular cities in the state because of its stable housing market, numerous local attractions and a bustling downtown. In 2012, Benton was named the third best city in Arkansas and it is constantly striving to be a great place to live. Within the last decade, Benton completed renovations to much of the Main Street district, and finished a brand new Community Center.
Benton, AR is a great place for affordable rent-to-own homes! With a median household income of over $59,994 and a median rent of $841, the Benton, AR 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 Benton, AR. 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 Benton, AR Property Resources
Rent to own Homes in Cities Near Benton, AR
- Alexander
- Avilla
- Bauxite
- Benton
- Bryant
- East End
- Fountain Lake
- Haskell
- Hot Springs
- Hot Springs National Park
- Hot Springs Village
- Jessieville
- Jones Mills
- Landmark
- Little Rock
- Lonsdale
- Mabelvale
- Magnet Cove
- Malvern
- Midway
- Paron
- Perla
- Poyen
- Prattsville
- Rockport
- Sardis
- Shannon Hills
- Sheridan
- Traskwood
- Tull
Neighborhoods in Benton, AR
Benton rent to own homesPopular Zip Codes in Benton, AR
72018 rent to own homesBuying a Home in Benton, AR
Benton, AR is seeing rapid growth and Benton, AR's' housing market remains optimal with an average home price that is -32% below the 2024 national average. Benton, AR is part of Saline 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 Saline is 0.61% which is below the national average, which is 0.99%.
Median Home Price in Benton, AR
Median Rent in Benton, AR
Top 5 Reasons to Live in Benton, AR
Home Values On the Rise! Benton offers the perfect city to buy a home in because the median property value is on the way up. Thus far in 2014, home values have risen a modest 0.6% to $113,500; however, they are expected to grow 2.0% in the next year. As a result, now is the perfect time to purchase a rent to own home with instant equity in an area like Avilla or Salt Creek Rd.
Foreclosed Properties are your Friend! Because a bank wants to unload a foreclosed home as quickly as possible to recoup their losses, now is the time to make an aggressive offer on a bank-owned property in Benton. Currently, 10.9 homes per 10,000 are foreclosed on in Benton. The highest number of these properties are available in neighborhoods like Salem and Hot Springs.
Home to Numerous Parks! Benton's weather is characterized by hot and humid summers and mild winters. Given that the weather is nice nearly the whole year, many residents like to take advantage of the numerous parks in the city. Tyndall Park has a 1500 square foot community center, five softball fields and four tennis courts while Bernard Hollard Park has 8 youth baseball fields, 6 basketball courts and two playgrounds.
Fun Local Attractions! Take a step back in time to the 1960s with a show at The Royal Theater. The premier community theater in the County, it offers numerous shows throughout the year like the Christmas Story and Fiddler on the Roof. Go cheer on the University of Arkansas Razorbacks at Gino's Sports Grill while chowing down on their tasty nachos.
Great Restaurants! Start the morning off on the right foot with a visit to Dale's Donut Shop. Be sure to go early to avoid the crowds that snake around the building and enjoy a homemade donut served hot from the oven. Head to Garry's Drive-In for a car-side service that features delicious milkshakes and hearty cheeseburgers.