Rent to own Homes in Lake Charles, LA
Lake Charles, Louisiana, is filled with fresh water marshes, natural habitats, scenic rivers, and beaches. It is a place that invites you to call it home. Lake Charles, which is the fifth-largest city in the state, has many qualities of an urban setting, but it also continues to maintain that small town personable charm. The city of over 71,000 has wide variety of experiences waiting for you to explore.
Lake Charles, LA is a great place for affordable rent-to-own homes! With a median household income of over $44,785 and a median rent of $830, the Lake Charles, 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 Lake Charles, 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.
More Lake Charles, LA Property Resources
Rent to own Homes in Cities Near Lake Charles, LA
Neighborhoods in Lake Charles, LA
Margaret Place Historic District rent to own homes Graywood rent to own homes Cottage Shop District rent to own homes Nellie Lutcher Cultural District rent to own homes Charpentier Historic District rent to own homes North Lake Charles Cultural District rent to own homes North Lake Charles rent to own homes Downtown Lake Charles rent to own homesPopular Zip Codes in Lake Charles, LA
70606 rent to own homes 70602 rent to own homes 70616 rent to own homes 70601 rent to own homes 70629 rent to own homesMedian Home Price in Lake Charles, LA
Median Rent in Lake Charles, LA
Top Reasons to Live in Lake Charles LA
Housing Statistics The average listing price in Lake Charles is $206,669. The median sales price is $149,000. The average rent for an apartment is $615. The median rental amount is greater than Louisiana's average by 10% but less than the national average by 15.8%. This allows for the housing market to allow more rent to own properties at more affordable rates.
Largest Employers and Industries Thousands of Lake Charles residents are employed by the petro-chemical refineries across the river. A few of the largest employers are Sasol North America, PPG Industries, ConocoPhillips, and Citgo Petroleum Corporation. One of the United States' few liquefied natural gas terminals is located in Lake Charles; The Trunkline LNG Terminal. It has facilities that maintain storage, re-gasification, and receipt.
Local Events and Festivals The first two weeks of May brings the twelve day yearly festival called Contraband Days. The festival brings delicious Cajun food, fun for the whole family, and live entertainment. More than 200,000 people attend this festival each year, making it one of the largest celebration in Louisiana. The festival begins with Pirate Jean Lafitte and his crew capturing the city and forcing the Mayor to walk the plank.
Neighborhoods Lake Charles is in a part of southwest Louisiana that overs two parishes. Those parishes are Cameron and Calcasieu. Lake Charles is referred to as the Lake Area. It is also the principal city within the southwest region and covers a wide array of cities, including DeQuincy, Suphur, and Westlake. Here are two neighborhoods you should know about: