Rent to own Homes in Elizabethtown, KY
Elizabethtown, KY is the county seat of Hardin County and spans 25 square miles. Established in 1793, this beautiful Kentucky city was a railroad town, served as a site for a Civil War battle, and goes by the nickname E-Town. The local history, which involves President Abraham Lincoln, is an important part of this city and is celebrated at the Hardin County History Museum, Brown-Pusey House, and on walking tours.
Elizabethtown, KY is a great place for affordable rent-to-own homes! With a median household income of over $47,270 and a median rent of $765, the Elizabethtown, KY 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 Elizabethtown, KY. 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 Elizabethtown, KY
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42701 rent to own homesBuying a Home in Elizabethtown, KY
Elizabethtown, KY is seeing rapid growth and Elizabethtown, KY's' housing market remains optimal with an average home price that is -19% below the 2024 national average. Elizabethtown, KY is part of Hardin 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 Hardin is 0.64% which is below the national average, which is 0.99%.
Median Home Price in Elizabethtown, KY
Median Rent in Elizabethtown, KY
5 Reasons Why Elizabethtown, Kentucky Residents Enjoy Life
Plenty to rent! Chock full of choices, those looking for a place to live in Elizabethtown can opt for the historic downtown neighborhood or look at homes further out for a country feel. Rent to own homes give buyers the chance to experience a home and neighborhood firsthand before making a final decision, and with over 45 percent of homes as rentals there are lots of properties.
Rev up the engine! The end of July brings car lovers from all over to Downtown Elizabethtown for the Cruisin' the Heartland auto show. Car enthusiasts can stroll the streets checking out the scene. Near the State Theater is a concert area, food vendors and kids' activities. The rest of the year, Elizabethtown residents stay connected to the car scene at Swope's Cars of Yesteryear Museum, where admission is an optional donation.
Get outside! Freeman Lake Park is just one of several public parks in Elizabethtown. All that green space is great for playing ball, biking, or doing yoga at sunset, and this town knows how to get the most out of the great outdoors. Annual festivals such as the Heartland Festival in the Park at Freeman Lake Park bring everyone together with music, food, and fireworks. Nearby Saunders Springs Nature Preserves offer even more hiking and biking trails.
Support the arts! Taking in a play, concert, or gallery opening is easily done with so many options. The Historic State Theater opened in 1942, and thanks to some careful preservation and modern upgrades, it is a favorite place to see classic films and catch live performances. Emma Reno Connor Black History Gallery is just one of the local art galleries that adds to the community's culture.
Great value! Homes values are on the rise, up over 4 percent from last year. Look for homes near Towne Mall for the convenience, or rental homes by Freeman Lake for nature views.