Rent to own Homes in Pearl, MS
The city of Pearl sits on the banks of the Pearl River, after which the town was named. Pearl is fairly large in area, covering 22 square miles, and had a population of around 25,000 at the 2010 census. This vibrant town has a great community spirit -- as you will be able to see on game days of the Mississippi Braves or the high school's sports teams -- so it can feel like living in a small village, but with all the amenities that you would expect from a larger town.
Pearl, MS is a great place for affordable rent-to-own homes! With a median household income of over $50,614 and a median rent of $953, the Pearl, 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 Pearl, 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 Pearl, MS Property Resources
Rent to own Homes in Cities Near Pearl, MS
Buying a Home in Pearl, MS
Pearl, MS is seeing rapid growth and Pearl, MS's' housing market remains optimal with an average home price that is -39% below the 2024 national average. Pearl, MS is part of Rankin 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 Rankin is 0.56% which is below the national average, which is 0.99%.
Median Home Price in Pearl, MS
Median Rent in Pearl, MS
Top 5 Reasons to Live in Pearl, Mississippi
Real estate prices are rising! Now is a great time to look for a rent to own home in Pearl, because the cost of real estate is rising, making it a good investment. That doesn't mean that homes for sale in Pearl aren't affordable, as they're still cheaper than the national average. Neighborhoods such as Brandon and Mangum are good places to look for real estate bargains.
The cost of living is low! The cost of living is roughly 16 percent lower than the national average, meaning Pearl is an affordable place to live. This means you could have more expendable income to treat yourself to something nice from Jones Shopping Center or to splash out on a membership to Niknar Country Club.
Rental prices are affordable! While rental homes may be a little more costly here than in other parts of Mississippi, the average rent is roughly $100 lower than the average across the United States, so those moving from a more expensive state will find the rental costs a steal. Look out for affordable rental houses in neighborhoods such as Country Place or The Lamp Lighter.
There's plenty to do! There's never a dull moment in Pearl, or at least there doesn't have to be, since there's lots going on. There are some gorgeous outdoor spaces to spend time at in the city, such as Trustmark Park. Alternatively, you could catch a movie at Cinemark Tinseltown or Vintage Theater.
Delicious food! No matter what your food preferences are, you'll find plenty of tasty grub in Pearl from a range of countries and cultures. One of the best-kept local secrets is Moss Creek, which serves excellent seafood. Other town favorites include Jose's Tamales and Kobe Japanese. You can really eat your way across the globe in this city.