Rent to own Homes in Tupelo, MS
Tupelo, Mississippi is the birthplace of Elvis Presley. His childhood home is among several museums paying tribute to the iconic performer. One notable attraction is a bronze statue of Elvis at age 13. There is also the walk of life, a winding path around Elvis' home that chronicles his life. This rich history makes Tupelo a great place to live. Plus, there are four more reasons that will make your heart sing.
Tupelo, MS is a great place for affordable rent-to-own homes! With a median household income of over $54,691 and a median rent of $795, the Tupelo, 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 Tupelo, 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.
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Rent to own Homes in Cities Near Tupelo, MS
Neighborhoods in Tupelo, MS
Spring Lake rent to own homes Wilemon Acres rent to own homes Bel Air rent to own homes Willis Heights rent to own homes Audubon rent to own homes Haven Acres rent to own homes Gravlee rent to own homes Southern Heights rent to own homes Lee Acres rent to own homes Park Hill rent to own homesPopular Zip Codes in Tupelo, MS
38802 rent to own homes 38803 rent to own homes 38804 rent to own homesBuying a Home in Tupelo, MS
Tupelo, MS is seeing rapid growth and Tupelo, MS's' housing market remains optimal with an average home price that is -32% below the 2024 national average. Tupelo, MS is part of Lee 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 Lee is 0.74% which is below the national average, which is 0.99%.
Median Home Price in Tupelo, MS
Median Rent in Tupelo, MS
Top 4 Reasons to Live in Tupelo, Mississippi
Live near a historical parkway. Living in Tupelo means not only being in Elvis' birthplace, but also being near the scenic and historic Natchez Trace Parkway. This meandering parkway and national park stretches 444 miles, linking travelers to Nashville, Tennessee. Motorists, hikers and cyclist are all welcome to roam the trail in an unhurried pace to savor the beauty of this national scenic byway. Taking to the Natchez trail at your leisure is a cinch, as there is a convenient access point right off Highway 78, a major Tupelo thoroughfare.
Get real estate breathing room. When you find your dream home or rental property in your community of choice, be ready for the added bliss of breathing room. That's because the population in Tupelo is spread across 51.14 square miles of land. Plus, the population growth is slower than the state and national average. Breathing space alone is a cool, but the rest of Tupelo's 34,546 citizens all know the town offers much more, including a great quality of life and plenty of festivals and outdoor activities, including the Blue Suede Cruise and the Guy Hovis Music Exhibit. All of which makes the city so livable.
Get sweet tea and biscuits. A favorite eatery for many Tupelo visitors, the Sweet Tea and Biscuit Cafe, located off a McCullough Boulevard, ticks all the boxes for many for down home comfort food that is served with the southern hospitality and charm. In addition to the mouth-watering homemade biscuits, hungry diners can feast on shrimp and grits, chicken gumbo, quiche and a variety of sandwiches, including a fried green tomato BLT. Of course, no southern meal would be complete without dessert. Can you say caramel pie?
Rent, buy and live easy. The housing and rental market in Tupelo is great for buyers and sellers. When real estate goes on the market, it's quickly snapped up. So when looking to buy a property or when considering rent to own homes in neighborhoods like Flowerdale or Palmetto, be ready to grab your property of choice without hesitation. While your dream home may be tough to score at a decent median house price of $118,100, the hunt is worth the effort, since Tupelo is a four-time recipient of the All American City award for its easy small town living. Who wouldn't want to live in such an award-winning town?