Rent to own Homes in Russellville, AR
Russellvile, AR, located in Pope County in northern Arkansas, is the home of about 28,000 people. It's also the location of Arkansas' only nuclear power plant, Arkansas Nuclear One. The town was founded in 1829, and it was named after one of the area's most prominent residents, Dr. Thomas Russell. The town exploded in size in the 1870s when a railroad was built through town, and it also experienced a large amount of growth in the 1950s when Interstate-40 was built through it. Today, Russellville is a thriving cultural hub with a bustling, small downtown area and many lovely residential areas to live.
Russellville, AR is a great place for affordable rent-to-own homes! With a median household income of over $37,436 and a median rent of $695, the Russellville, 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 Russellville, 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 Russellville, AR Property Resources
Rent to own Homes in Cities Near Russellville, AR
Neighborhoods in Russellville, AR
No neighborhoods foundBuying a Home in Russellville, AR
Russellville, AR is seeing rapid growth and Russellville, AR's' housing market remains optimal with an average home price that is -39% below the 2024 national average. Russellville, AR is part of Pope 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 Pope is 0.49% which is below the national average, which is 0.99%.
Median Home Price in Russellville, AR
Median Rent in Russellville, AR
Top 6 Reasons to Live in Russellville, AR
Housing options! People rent and own about equally in Russellville, so you'll fit right in whether you want to own, rent to own, or simply rent. About 49% of property is owned here, while 46% is rented. Many of the best options for living are located in the town's downtown area, which is home to Main Street Russellville, a thoroughfare filled with shops and great restaurants like Taco John's.
Entertainment abounds! Like to be entertained? There's no shortage of options if you move to Russellville. Residents like to attend concerts at the Hughes Community Center. The town also has its own movie theater, Picwood 11, where people can watch the latest Hollywood hits.
Affordable prices! People looking to rent will find lots of affordable choices in Russellville. Studios rent for an average of $460 per month in town, while one bedrooms rent for about the same amount on average. While the savings may add a few pounds to your wallet, you can lose some of your own if you want with all the fitness options you'll have nearby. The town has several great gyms, including Gym Russellville and Saint Mary's Wellness Fitness Center.
Golf galore! Like to go golfing? There's no shortage of places to do so in Russellville! Some of the most popular places to go for a round of golf include Russellville Country Club, Lions Den Golf Course, and the Russellville Driving Range.
Outdoor beauty! People in Russellville love the outdoors, which is why there are so many great places to spend time outside. Hickey Park is a popular park with residents, as is Lake Dardanelle State Park. Skaters can even enjoy using Lake Dardanelle Skate Park.
Fun after dark! People have more options than just outdoor activities in Russellville. In fact, the city has no shortage of great nightlife options. Residents love grabbing a beer at Front Street Grill, and you also can catch your favorite sports games at local sports bar and bbq joint, Fat Daddy's Bar B-Que.