Rent to own Homes in Glasgow, KY
Glasgow, Kentucky, is located just outside of Bowling Green. It is the county seat of Barren County, which The Progressive Farmer magazine named as the number one rural place to live in the entire country. Glasgow itself finished 10th in Movoto's list of the top places to live in the state. With beautiful scenery at Diamond Caverns to history lessons at South Central Kentucky Cultural Center's museum, it's easy to see why the city ranks so highly among visitors and locals alike.
Glasgow, KY is a great place for affordable rent-to-own homes! With a median household income of over $37,479 and a median rent of $736, the Glasgow, 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 Glasgow, 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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Glasgow, KY is seeing rapid growth and Glasgow, KY's' housing market remains optimal with an average home price that is -43% below the 2024 national average. Glasgow, KY is part of Barren 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 Barren is 0.73% which is below the national average, which is 0.99%.
Median Home Price in Glasgow, KY
Median Rent in Glasgow, KY
Top Five Reasons to Live in Glasgow, Kentucky
Home of the Glasgow Highland Games! Glasgow is named for another Glasgow -- the one in Scotland, to be exact. In honor of its roots, the city holds an annual event called the Glasgow Highland Games during the first week of June at Barren River Lake State Resort Park. With over 10,000 attendees, the event is packed with Scottish traditions (hello, bagpipes) such as hurling, sheep herding and wrestling.
Beautiful rural scenery! Residents of Glasgow aren't limited when it comes to outdoor activities and recreational pursuits. In addition to the abundant hiking, horseback riding and camping found within Barren River Lake State Resort Park's 1,500 acres, the city is situated near Mammoth Cave National Park, the longest system of caves in the world with 365 miles of passageways for visitors to explore.
Rich Kentucky history! During the Civil War, Glasgow was a major part of the Underground Railroad system. The Spotswood House, Old Glasgow Seminary Home and Big Spring Bottom were three key locations that assisted slaves on their paths to freedom. Fort Williams is also an important site to see that dates back to the Civil War era.
Charming housing! President George Washington gifted the Spotswood Home on North Race Street in Glasgow to a relative, and the home still stands there today. If you're looking for rent to own houses, you'll find an abundance of interesting home options full of character. Many historic properties are found along South Green Street, which features various types of Colonial, Victorian and Federal architecture.
Reasonable prices! Glasgow's overall cost of living is 17.8% less than the national average, while its median rental property rates are a whopping 40% less than the nation's average. In addition, the city features plenty of affordable entertainment offerings, from Dinosaur World to the Plaza Theatre, as well as appetizing dining options, including Driftwood Restaurant and The Ritter House.