Rent to own Homes in Hernando, MS
In recent years, Hernando has been listed as one of the best 100 places to live by CNN and Money Magazine. It was also included in CNN's Great American Small Town series. The city of well over 14,000 inhabitants is located in the north of Mississippi, only a short drive from Memphis, which lies just over the border in Tennessee. Hernando enjoys good communications, with U.S. Route 51 passing through its center and Interstate 55 running through its eastern side.
Hernando, MS is a great place for affordable rent-to-own homes! With a median household income of over $68,377 and a median rent of $1,064, the Hernando, MS 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 Hernando, MS. 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 Hernando, MS Property Resources
Rent to own Homes in Cities Near Hernando, MS
- Arkabutla
- Arlington
- Bartlett
- Bridgetown
- Byhalia
- Coldwater
- Collierville
- Cordova
- Eads
- Eudora
- Germantown
- Hernando
- Horn Lake
- Independence
- Lake Cormorant
- Lakeland
- Lakeview
- Lynchburg
- Marion
- Memphis
- Millington
- Nesbit
- Olive Branch
- Piperton
- Pleasant Hill
- Proctor
- Red Banks
- Robinsonville
- Rossville
- Sarah
- Senatobia
- Southaven
- Tunica Resorts
- Victoria
- Walls
- West Memphis
Neighborhoods in Hernando, MS
No neighborhoods foundPopular Zip Codes in Hernando, MS
38651 rent to own homesBuying a Home in Hernando, MS
Hernando, MS is seeing rapid growth and Hernando, MS's' housing market remains optimal with an average home price that is -1% below the 2024 national average. Hernando, MS is part of DeSoto 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 DeSoto is 0.7% which is below the national average, which is 0.99%.
Median Home Price in Hernando, MS
Median Rent in Hernando, MS
Top 4 Reasons to Live in Hernando, Mississippi
Great property investment opportunities! Hernando has enjoyed better than state average property price growth since 2000, making it a sought-after location for home buyers and rent to own real estate investors. All of the city's neighborhoods have enjoyed an upturn in property prices. From West Oak Grove Road in the south, near Conger Park, to Nesbit Road in the north, opportunities to find high-quality properties are evenly spread across all of Hernando.
The diversity of property! Hernando boasts some wonderful historic neighborhoods, mostly around Commerce Street and the rest of the downtown area. However, in the outskirts many of the new homes have been built in the last two decades, so there is plenty of modern housing stock too. Modern rental homes can be found near McIngvale Road, to the east of the Interstate, for example. Many of the newer properties have wide open lawns at their fronts, with private driveways, like those on Elise Drive in the west of Hernando, for instance.
Enjoy the great outdoors! The city authorities of Hernando have adopted an attitude of protecting the valuable natural resources of the area, while making sure that the built environment is long-lasting, well-landscaped and pleasing to look at. The state department that is responsible for environmental quality named Hernando one of only three EnHance cities, largely due to the local commitment to energy efficiency measures, recycling programs and the city's efforts with water quality.
Numerous places to eat out! Although Hernando has its fair share of fast food outlets, there are plenty of places where you can dine in style, if you prefer. Most of the eateries are in the downtown quarter, clustered around East and West Commerce Street. Try La Siesta, near to the Post Office on East Commerce Street, for some great home-cooked Mexican food. Just down the road, Blue Daze Bistro offers a selection of salads at lunchtime with another, more extensive menu in the evening. It also runs a popular external catering service.