Rent to own Homes in Kenner, LA

The median home sale price of $179,000 shows a tremendous increase from the prior year, over 23 percent. The average listing price decreased slightly, less than a percentage point to $208,574. The number of sales increased over 28 percent up to 109 sales. High foreclosure numbers, 236 currently, indicate that there are many rent to own homes available in the area.

Kenner, LA is a great place for affordable rent-to-own homes! With a median household income of over $54,493 and a median rent of $987, the Kenner, LA 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 Kenner, LA. 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.