Rent to own Homes in Southaven, MS
Shopping is easy here! Southaven Towne Center, a collection of more than forty shops, is located approximately six miles south of Memphis, Tennessee. The Town Square at Snowden Grove is the place to go for local boutiques.
Southaven, MS is a great place for affordable rent-to-own homes! With a median household income of over $63,321 and a median rent of $1,055, the Southaven, 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 Southaven, 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 Southaven, MS Property Resources
Rent to own Homes in Cities Near Southaven, 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 Southaven, MS
Southaven rent to own homesBuying a Home in Southaven, MS
Southaven, MS is seeing rapid growth and Southaven, MS's' housing market remains optimal with an average home price that is -26% below the 2024 national average. Southaven, 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 Southaven, MS
Median Rent in Southaven, MS
Top 10 Reasons to Live in Southaven
Plenty of dining options! Lonnie Tant's and Maria's Cantina are two great food choices, according to locals. Whatever you feel like, there is sure to be a restaurant downtown that will please your palate.
A strong rental market! NorthCreek Apartments are just outside of town in a nice, woodsy setting. Rocky Creek Apartments are also along a nice stretch of road that is not too far from the basic necessities. Locating suitable rent to own apartments or rent to own homes in Southaven is not difficult since 28% of residents rent, and amenities are relatively close to all of the distinct neighborhoods.
Diverse neighborhoods! Horn Lake and Whitehaven are two neighborhoods within Southaven. Horn Lake, as the name suggests, is a small subdivision situated around a small lake which offers fishing and other water activities during the warm, summer months.
Close to Memphis! Although Southaven is located in Mississippi, it is considered a suburb of Memphis, Tennessee. The population has more than doubled since the 2000 census put the population at 28,977. The 2010 census population is 48,982, making this city the fourth largest in the state.
Commuting and renting go hand in hand! Southaven is very near to Memphis, Tennessee, as well as Olive Branch and Hernando, Mississippi. Commuting between the states is done via the I-55 and is rather painless, even during the morning and afternoon commutes. Even better, rental prices nearest I-55 tend to be the lowest, ranging from $298 to $381 per bedroom, while rent to own houses in other parts of town -- most notably in the extreme southern tip -- can reach as high as $433 per bedroom.
Pleasant
weather! The summer temps peak in July with temperatures into the upper 80s. Cool off by visiting one of the area's many lakes, such as Horn Lake, Lake McKellar or Horseshoe Lake. Winter temperatures rarely dip below freezing, with the chilliest January days hovering around the mid 30s.
Enjoy the outdoors! Swinnea Park provides a getaway from the hustle and bustle of the city and a return to nature, as does Southern Pines Park. Enjoy taking a walk through one of the many trails through the woods or simply have a picnic on a blanket near the water.
Events throughout the year! SpringFest is one of the city's many annual events, as is the always enjoyable Mississippi State Barbecue Cookoff Championship. There is also an annual Easter egg hunt for children of all ages to take part in the Easter celebration.
Rising home values! Home values in Southaven have steadily risen 3.5% year after year and is currently $150,000, with the average listing price of homes holding at a steady $192,693.