Rent to own Homes in Seymour, IN
Located midway between Indianapolis and Louisville, Kentucky, Seymour is dubbed the "Crossroads of America" because of intersecting railroads in its downtown area. The north/south railroad line connects Jeffersonville to Indianapolis, while the east/west line connects East St. Louis, Illinois to Cincinnati, Ohio. The presence of these railroads paved the way for Seymour to become the bustling and progressive community it is today.
Seymour, IN is a great place for affordable rent-to-own homes! With a median household income of over $44,524 and a median rent of $793, the Seymour, IN 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 Seymour, IN. 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 Seymour, IN
- Austin
- Brownstown
- Butlerville
- Clifford
- Columbus
- Commiskey
- Country Squire Lakes
- Crothersville
- Deputy
- Dupont
- Edinburgh
- Elizabethtown
- Flat Rock
- Freetown
- Grammer
- Hartsville
- Hayden
- Hope
- Jonesville
- Lexington
- Little York
- Nineveh
- Norman
- North Vernon
- Paris Crossing
- Scipio
- Scottsburg
- Seymour
- Taylorsville
- Underwood
- Vallonia
- Vernon
- Westport
Neighborhoods in Seymour, IN
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Seymour, IN is seeing rapid growth and Seymour, IN's' housing market remains optimal with an average home price that is -44% below the 2024 national average. Seymour, IN is part of Jackson 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 Jackson is 0.66% which is below the national average, which is 0.99%.
Median Home Price in Seymour, IN
Median Rent in Seymour, IN
Top 7 Reasons to Live in Seymour, IN
Parks and recreational facilities! There's never a boring moment with the number of parks and recreational facilities all over this city, which provide a wide-range of activities. Shield's Park has a play area and bandstand, while the Schurman-Grubb is the favorite hangout of local skaters. In addition, the Muscatatuck National Wildlife Refuge sits on the eastern border of Seymour for anyone who likes to commune with nature.
Dabble in the arts! Artists will find their tribe in this city with a number of galleries and centers dedicated to the arts. The Southern Indiana Center for the Arts, owned by John Mellencamp, provides stimulating environment for its students and patrons with its various exhibits and events. Seymour Art Gallery is another go-to place for arts enthusiasts.
Dirt-cheap property tax! At $5.58 per $1,000 of home value, Seymour boasts one of the lowest property tax rates in the country. This is why rent to own homes in neighborhoods along Buckeye Street and W Tipton Street are attracting the interest of home buyers in recent years.
Plenty of thoroughfares! With the number of thoroughfares that course through this city, major cities are just an hour's drive away. Interstate 65 will take residents to Indianapolis to the north and Louisville to the south, while Indiana's Historic Pathway -- North Spur -- will take them to Cincinnati, OH in less than two hours.
Affordable housing! In general, housing rental rates are more affordable in this part of the country. Houses for rent on S Obrien Street and N Ewing Street, in particular, have rates that are lower compared to other areas in Seymour.
Urban conveniences! Downtown Seymour has a wide variety of retail and service businesses that cater to residents' needs. In addition, malls like Seymour Plaza, Village Center, and other outlet shops offer a variable mix of specialties, ranging from gift shops and antiques to accessories and unique furniture.
Steeped in history! Don't let the city's urban atmosphere fool you; Seymour has some rich heritage too. To go down memory lane, you can check out historical sites like The Railroad Freight House and Seymour Community Museum.