Rent to own Homes in Powder Springs, GA
Founded as Springfield in 1838, Powder Springs has a rich history that was mostly formulated by minerals. The city was originally settled by those who had come to find gold in the area. Although no gold rush occurred in Powder Springs, the enthusiastic settlers managed to keep the town going. In 1859, minerals in the water turned the sand around the city's springs black, like gun powder. Hence, the name was changed to Powder Springs.
Powder Springs, GA is a great place for affordable rent-to-own homes! With a median household income of over $72,810 and a median rent of $1,296, the Powder Springs, 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 Powder Springs, 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 Powder Springs, GA Property Resources
Rent to own Homes in Cities Near Powder Springs, GA
- Acworth
- Alpharetta
- Atlanta
- Austell
- Avondale Estates
- Belvedere Park
- Brookhaven
- Candler-McAfee
- Canton
- Cartersville
- Chamblee
- Chattahoochee Hills
- Clarkston
- College Park
- Conley
- Dallas
- Decatur
- Douglasville
- Druid Hills
- Dunwoody
- East Point
- Ellenwood
- Emerson
- Fairburn
- Fair Oaks
- Forest Park
- Gresham Park
- Hapeville
- Hiram
- Holly Springs
- Johns Creek
- Kennesaw
- Kennesaw State University
- Lake City
- Lithia Springs
- Mableton
- Marietta
- Milton
- Mountain Park
- Norcross
- North Atlanta
- North Decatur
- Peachtree Corners
- Powder Springs
- Sandy Springs
- Scottdale
- South Fulton
- Union City
- Winston
- Woodstock
Neighborhoods in Powder Springs, GA
Powder Springs Historic Core rent to own homes Powder Springs rent to own homesPopular Zip Codes in Powder Springs, GA
30127 rent to own homesBuying a Home in Powder Springs, GA
Powder Springs, GA is seeing rapid growth and Powder Springs, GA's' housing market remains optimal with an average home price that is -17% below the 2024 national average. Powder Springs, GA is part of Cobb 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 Cobb is 0.79% which is below the national average, which is 0.99%.
Median Home Price in Powder Springs, GA
Median Rent in Powder Springs, GA
Top 3 Reasons to Live in Powder Springs, GA
Rapidly growing housing market! Powder Springs took a huge hit when the housing market crashed a few years back, but the area has since turned a corner and outpaced American growth in this sector. In fact, the average home value in the area has grown over 15 percent in the last year alone. By comparison, America's average housing value rose just under five percent in the same amount of time. If you're looking for a rent to own home in the area, search near Wild Horse Creek Park. For a home with a traditional mortgage, properties along C.H. James Parkway are worth a second look.
Plenty to do without leaving town! Yes, Powder Springs is only about 25 miles away from Atlanta, but you don't have to go into the downtown area to enjoy some fun, local activities. The Seven Springs Museum offers a glimpse into the past for those who are interested. For individuals who like a little extreme sports in their lives, the Cobb County BMX park is also nearby. Those who want to immerse themselves in nature can head down the Silver Comet Trail or Southern Quilt Trail for a bit of hiking, and the Old Towne Square is a great place to catch a concert or go shopping.
Below average property taxes! The housing cost in Powder Springs is over 10 percent lower than America's average, and property taxes are low here, too. In fact, the taxes in Powder Springs are over 25 percent lower than the national average. With a home ownership rate of nearly 80 percent in the area, you'll be saving money in a town that people enjoy calling home. Residents can use these savings to get a nice meal at La Parrilla Mexican Restaurant or catch a new flick at Marietta Cinemas.