Rent to own Homes in Cumming, GA
Rent-to-own homes in Cumming, GA, are a great investment. While many cities are experiencing aggressive housing markets, Cumming, GA, is much calmer. The average cost of a home is $551,462, with an average price per square foot at about $200. The average monthly rent in Cummings is about $966, and a median household income at about $47,000.
A rent-to-own home in Cummings, Ga, might be an excellent investment with these stats in mind. If a $551,462 price tag is out of budget, for now, a rent-to-own home allows you to take an alternative route to homeownership. Not only will you be able to live in the house before you purchase it, but the down payment is also around 1-3% compared to 20%+ on a traditional home purchase. You'll pay towards the mortgage as part of your rental payments and can still apply for conventional mortgage and government assistance loans when it comes time to purchase the home.
Cumming, GA is a great place for affordable rent-to-own homes! With a median household income of over $50,159 and a median rent of $981, the Cumming, GA 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 Cumming, GA. 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 Cumming, GA Property Resources
Rent to own Homes in Cities Near Cumming, GA
- Alpharetta
- Auburn
- Ball Ground
- Berkeley Lake
- Braselton
- Brookhaven
- Buford
- Canton
- Chamblee
- Cumming
- Dacula
- Dahlonega
- Dawsonville
- Doraville
- Duluth
- Dunwoody
- Flowery Branch
- Gainesville
- Grayson
- Holly Springs
- Jasper
- Johns Creek
- Lawrenceville
- Lilburn
- Marble Hill
- Milton
- Mountain Park
- Murrayville
- Nelson
- Norcross
- Oakwood
- Peachtree Corners
- Rest Haven
- Roswell
- Sandy Springs
- Snellville
- Sugar Hill
- Suwanee
- Tate
- Tucker
- Woodstock
Neighborhoods in Cumming, GA
Cumming rent to own homesPopular Zip Codes in Cumming, GA
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Cumming, GA is seeing rapid growth and Cumming, GA's' housing market remains not optimal with an average home price that is 10% above the 2024 national average. Cumming, GA is part of Forsyth 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 Forsyth is 0.71% which is below the national average, which is 0.99%.
Median Home Price in Cumming, GA
Median Rent in Cumming, GA
Top Reasons to Live in Cumming, GA
Cummings, Georgia, is a small town just an hour away from Atlanta. It is known for its quality of life, excellent schools, and cost of living. It's been named one of the Top 8 Atlanta Suburbs (Simple Showing), one of the 10 Best Cities to Live in Georgia (The Gateway), and the Best Place to Raise a Family in Forsyth County (Niche).
Culture enthusiasts, foodies, and the outdoorsy will all find something to love about Cummings. From a day of hiking in the Sawnee Mountain Preserve or the Big Creek Greenway to a day of shopping and culture at places like Lakewood 400 Antiques Mall and the Sawnee Association of arts. Enjoy a family-friendly day at Warbington Farms or some down-home country food at Fagan's Biscuit Barn or Tam's Tupelo Restaurant. Cummings is a small town with great culture and a lot of heart.
Cumming, GA Frequently Asked Questions
Cumming, GA is a little under an hour away from Georgia, so residents have a small-town feel but easy access to Atlanta's thriving metropolis.
The average cost of a home In Cumming, GA, is $551,462
Cuming, GA, is a relatively small town with only about 6,547 residents.