Rent to own Homes in Blytheville, AR
Just 60 miles from West Memphis, Blytheville is the largest city in Mississippi County with a population estimated at nearly 20,000. A hub for manufacturing in Arkansas, Blytheville is home to several national companies that employ more than 1,000 local residents. Blytheville appeals to many because of its affordable cost of living, where everything from grocery to transportation to healthcare to utility costs is lower than the national average.
Blytheville, AR is a great place for affordable rent-to-own homes! With a median household income of over $40,329 and a median rent of $665, the Blytheville, 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 Blytheville, 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.
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Rent to own Homes in Cities Near Blytheville, AR
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72315 rent to own homesBuying a Home in Blytheville, AR
Blytheville, AR is seeing rapid growth and Blytheville, AR's' housing market remains optimal with an average home price that is -62% below the 2024 national average. Blytheville, AR is part of Mississippi 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 Mississippi is 0.53% which is below the national average, which is 0.99%.
Median Home Price in Blytheville, AR
Median Rent in Blytheville, AR
Top 6 Reasons to Live in Blytheville, AR
Thriving Local Economy! Formerly a lumber-mill town, Blytheville is now home to several major manufacturing companies that employ many local residents. Nucor, one of the largest steel manufacturers in the U.S., has two facilities along the Mississippi River, while Tenaris, a manufacturer of steel pipe products, has four branches in the city.
Great Shopping in Historic Blytheville! You won't find major department stores in the historic district of Blytheville, but in their place you'll find charming locally-owned businesses that offer everything you could possibly need. Blytheville is home to That Bookstore, a small family-owned shop that has been named by authors like John Grisham as their favorite bookstore in the U.S. If you can't find a store that has what you need on Main Street, head for the Colony Square Shopping Center for Kroger, Dollar General and Walmart.
Spend Time Outdoors! Perfect your golf game at the Thunder Bayou Golf Course, which is quickly earning a reputation as the best 18-hole course in the County. Or, head to the state-of-the-art Youth Sportsplex that is home to numerous fields for soccer, baseball and football.
A Food Lover's Paradise! Start any day with a freshly brewed cup of coffee and a homemade apple pie doughnut from Jeri-Lin Donuts. For an elegant dinner in an intimate setting, head to the Olympia Steak and Seafood, where the rib eye dinner is delicious.
Inexpensive Property Taxes! Not only is the median sale price nearly $100,000 less than the national average, but Arkansas also has some of the most affordable property taxes in the United States at only .52 percent. As a result, buyers are able to get more house for less money in a neighborhood like Country Club Road or East Main Street.
Dirt Cheap Rent! Compared to the rest of the country, where the median rent price for a three bedroom home is more than $1,200, Blytheville is a remarkable bargain at just $375. Consequently, a rent to own property remains a viable option in an area like North Ridgeway Drive or Golf Links Drive.