Rent to own Homes in Pineville, LA
Sitting on the scenic banks of the Red River in Louisiana is the town of Pineville, population 14,555. Occupying the geographic center of the state, Pineville is home to a good school system, a strong manufacturing industry and several hospitals. Prineville has easy access to the top attractions of the state, including New Orleans, but exudes a strong Louisiana spirit all its own.
Pineville, LA is a great place for affordable rent-to-own homes! With a median household income of over $50,188 and a median rent of $696, the Pineville, 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 Pineville, 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.
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Top 6 Reasons to Live in Pineville, Louisiana
Explore museums! Pineville has two locally famous museums. The Louisiana Maneuvers Museum is named after the series of massive training exercises held in Louisiana in preparation for World War II in 1940 and 1941. Prineville's other museum, the Old Town Hall museum is downtown and is the only museum in the state dedicated to municipal government.
Mardi Gras! Like everywhere in Louisiana, Pineville hosts an annual Mardi Gras celebration. The town teams up with Alexandria, which sits directly across the river, for a lively celebration that residents look forward to all year. The festival includes the annual Krewes Parade, in which teams from the city create their own floats and displays to parade down the street. Many Louisiana locals prefer their hometown Mardi Gras celebrations to the big one in New Orleans and new residents will not want to miss this.
Restaurants to fulfill every craving! No matter what you're in the mood for, you can find it in Pineville. Check out the Red River Seafood and Steakhouse for a varied menu of burgers and sashimi. Head over to Genghis Mongolian Grill for Mongolian and Chinese food in an upbeat atmosphere. If you're craving some Mexican food, try out Los Portales Mexican Restaurant.
Strong manufacturing economy! The town's manufacturers drive the vibrant local economy. These manufacturers include Procter and Gamble, Baker Manufacturing and Crest Industries. Jobs continue to pour into town; in early 2014, Eclectic Products, Inc. added a 28,000-square-foot manufacturing facility.
A great real estate investment! The median home value in Pineville was $129,761 in 2012 compared to $66,500 in 2000, yet the median price is $10,000 lower than Louisiana as a whole. Start your search for a house for sale in a neighborhood around Lambert Street or Rigolette Road.
Excellent rent to own options! Pineville has a strong rent to own market and the vacancy rate is high at 18.3 percent. With a median rental rate of $503, now is the time to buy. Most real estate is concentrated in either the central district near the Louisiana College campus or the western part of Pineville down Highway 28.