Rent to own Homes in Asheboro, NC
Nestled in the Piedmont of North Carolina, Asheboro is a small town on the rise. Its population of just over 25,000 is growing at a rate of about 10%, due in large part to a low cost of living, healthy job growth, and low unemployment rate. The fact that Asheboro has enviable weather and is home to an award-winning zoo and multiple museums helps it remain well-loved by locals and new residents.
Asheboro, NC is a great place for affordable rent-to-own homes! With a median household income of over $37,171 and a median rent of $685, the Asheboro, NC 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 Asheboro, NC. 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 Asheboro, NC Property Resources
Rent to own Homes in Cities Near Asheboro, NC
- Advance
- Archdale
- Belews Creek
- Bermuda Run
- Bethania
- Clemmons
- Colfax
- Cooleemee
- Denton
- East Spencer
- Faith
- Farmington
- Gold Hill
- Granite Quarry
- Greensboro
- High Point
- Hillsdale
- Jamestown
- Kernersville
- Lewisville
- Lexington
- Linwood
- Midway
- Mocksville
- Pfafftown
- Rockwell
- Rural Hall
- Salisbury
- Sophia
- Southmont
- Spencer
- Thomasville
- Tobaccoville
- Trinity
- Tyro
- Walkertown
- Wallburg
- Welcome
- Winston-Salem
- Woodleaf
- Yadkin College
Neighborhoods in Asheboro, NC
No neighborhoods foundPopular Zip Codes in Asheboro, NC
27203 rent to own homesBuying a Home in Asheboro, NC
Asheboro, NC is seeing rapid growth and Asheboro, NC's' housing market remains optimal with an average home price that is -45% below the 2024 national average. Asheboro, NC is part of Randolph 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 Randolph is 0.69% which is below the national average, which is 0.99%.
Median Home Price in Asheboro, NC
Median Rent in Asheboro, NC
Top 6 Reasons to Live in Asheboro, NC
A healthy rental market! More homes are rented in Asheboro than in the nation -- 42.64% compared with 30.19%. This means that it's easier to find homes to rent, even in popular neighborhoods like Cedar Grove or North Asheboro.
Real estate dollars go further here! Chances are you'll spend less money on a rental house thanks to the median home cost in Asheboro, which is $96,000. Nationally, the median home cost is almost double this at $170,100. Property taxes are lower here, too. The national rate is just over $12, while the local rate is only $7. This leaves more disposable income to spend on famous Seagrove pottery or visits to the NC Aviation Museum.
Life's a zoo! Asheboro is home of the North Carolina Zoo. As one of the world's largest natural-habitat zoos, it's home to more than 1,100 animals. Animals of a different kind can be found at McCrary Park when the Asheboro Copperheads, a collegiate summer baseball league, plays there.
Easy commute to practically anywhere! The city sits at the intersection of Highway 220 and Interstate 73/74, so cities like Charlotte, Greensboro, and Raleigh are within just a few hours' drive. Residents with private planes can take off from the Asheboro Regional Airport, while the rest of us will need to drive to Piedmont International Airport to fly to Atlanta, Chicago, or even farther.
Downtown is alive! Asheboro's downtown district is a popular place for locals. Locally owned restaurants and boutiques can be found along the picturesque streets, while the Sunset Theatre is a popular spot to catch a movie, see a play, or enjoy a concert. On the weekends, stop by the Farmer's Market to see what locally grown produce is in season.
Recreational wonderland! Asheboro has plenty of parks, play fields and trails for fun aplenty. Fish in Lake Lucas, play volleyball at Memorial Park, launch a kayak on Lake Reese, or walk the trail at North Asheboro Park. Then rest up to do it all over again.