Rent to own Homes in Opelousas, LA
Opelousas is one of the fastest growing cities in Louisiana and has a population estimated at more than 25,000 residents. Because it is a mere seven square miles, Opelousas is the most densely populated city in the state. It's nicknamed the spice capital of the world because of it is home to companies like LouAna Cooking Oil, Savoie's Cajun meats and Tony Chachere's Products. Also the host of numerous festivals like the Christmas Lighting of Le Vieux Village and a Mardi Gras Event, Opelousas is an exciting and vibrant community.
Opelousas, LA is a great place for affordable rent-to-own homes! With a median household income of over $32,666 and a median rent of $597, the Opelousas, 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 Opelousas, 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 Opelousas, LA Property Resources
Rent to own Homes in Cities Near Opelousas, LA
- Arnaudville
- Branch
- Breaux Bridge
- Broussard
- Cankton
- Carencro
- Cecilia
- Chataignier
- Church Point
- Crowley
- Duson
- Eunice
- Grand Coteau
- Henderson
- Lafayette
- Lawtell
- Leonville
- Mamou
- Maurice
- Milton
- Morrow
- Opelousas
- Ossun
- Palmetto
- Port Barre
- Rayne
- Reddell
- Saint Landry
- Scott
- Sunset
- Ville Platte
- Washington
- Youngsville
Neighborhoods in Opelousas, LA
No neighborhoods foundPopular Zip Codes in Opelousas, LA
70570 rent to own homesMedian Home Price in Opelousas, LA
Median Rent in Opelousas, LA
Top 5 Reasons to Live in Opelousas, LA
Plenty of Housing Inventory: As of November 2014, nearly 150 resale and new homes are available for purchase in Opelousas. With so many homes on the market from which to choose, Opelousas represents a buyer's paradise. There are many sellers, so now is the time to make an aggressive offer on a rent to own home in a neighborhood like Lawtell or Prairie Ronde.
Median List Price on the Decline: The average list price for a single family home in Opelousas has fallen 1.2% in the last two months to $179,120. Get in on the best deals which are available in areas like the City Center and South Union Street.
A Food Lover's Paradise: The state of Louisiana is known for its signature seafood gumbo, and Opelousas is no exception. For the best authentic Louisiana food in the city, head straight to Billy-Ray's Boudin. While Mama's Fried Chicken may not look like much from the exterior, the homemade biscuit, crispy fried chicken and delicious macaroni and cheese will have you coming back time and again for seconds.
Home of Local Festivals: Held on the last full weekend in October every year since 1947, The Yambilee Festival includes concerts from locally and nationally recognized artists, cooking competitions, a parade and a beauty pageant. Get your fill of gumbo at Frank's Downtown Gumbo Cook-Off every January in Opelousas.
Numerous Historical Museums! Visit the Louisiana Orphan Train Museum to learn about Opelousas' important history as one of the host cities for more than 200,000 orphaned children who were living on the streets of New York City. At the museum you will learn about how the children were taken by horseback to various cities around the country. Also consider stopping by the Chamber of Commerce to sign up for a guided historic walking tour of Opelousas.