Rent to own Homes in Fuquay-Varina, NC
Just 25 minutes from Raleigh in the northeast central area of the state, and close to the technology hub of that city's Research Triangle Park, Fuquay-Varina, NC has a population of about 18,600 residents and a hyphenated name that reveals the town's past as two separate towns: Fuquay Springs and Varina. In the past the economy was focused on agriculture, but today it's focused on tech.
Fuquay-Varina, NC is a great place for affordable rent-to-own homes! With a median household income of over $81,914 and a median rent of $1,279, the Fuquay-Varina, 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 Fuquay-Varina, 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 Fuquay-Varina, NC Property Resources
Rent to own Homes in Cities Near Fuquay-Varina, NC
- Angier
- Apex
- Bear Creek
- Briar Chapel
- Broadway
- Buies Creek
- Carolina Meadows
- Carrboro
- Cary
- Chapel Hill
- Coats
- Durham
- Fearrington Village
- Fuquay-Varina
- Garner
- Gorman
- Governors Club
- Governors Village
- Holly Springs
- Knightdale
- Lillington
- Mamers
- Moncure
- Morrisville
- New Hill
- Pittsboro
- Raleigh
- Sanford
- Willow Spring
Neighborhoods in Fuquay-Varina, NC
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No zip codes foundBuying a Home in Fuquay-Varina, NC
Fuquay-Varina, NC is seeing rapid growth and Fuquay-Varina, NC's' housing market remains not optimal with an average home price that is 28% above the 2024 national average. Fuquay-Varina, NC is part of Wake 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 Wake is 0.81% which is below the national average, which is 0.99%.
Median Home Price in Fuquay-Varina, NC
Median Rent in Fuquay-Varina, NC
6 reasons to Live in Fuquay-Varina, NC
Shopping and culture! With two distinct shopping districts filled with cafes, shops and entertainment, this town contains 25 unique boutique stores at the Shoppes on Main. Or check out the Fuquay-Varina Growers market open twice a week year round for local produce and more.
The healing water! Fuquay Mineral Spring Park is renowned for its healing waters. Take a drink for added energy to stroll through the Fuquay Historic District and explore homes that are on the National Historic Register or instead, opt for a tasty micro-brew at Draft Line Brewery.
Parks and recreation options! Nature trails abound at the Carroll Howard Johnson Environmental Park, while Acton Park offers batting cages and a multi-purpose playing field. Locals love a picnic or the ability to grill at Library Park.
Substantial real estate values! In the town center, values are higher than 67 percent of other North Carolina neighborhoods and 48 percent of neighborhoods nationwide. Rents are lower, making a rent to own property a strong option in this community, convenient to highway 401 and Interstate 40. Enjoy living near Fleming Loop Recreational Park or South Park.
Reasonable vacancy rates! With an average vacancy rate of around 7 percent in the area, moderate vacancy availability means a good chance to find the single family home, town home or condominium that's right for you. Mobile homes are available too in the Kennebec area, near Saddletree Stables.
Activities abound! From a holiday tree lighting in December to the town's patriotic Independence Day Celebration in South Park, there's always something going on town. A downtown Bounty Festival celebrates the abundance of fall and there's a Downtown Chili Cookoff in November. In June, there's the Celebrate Fuquay-Varina Festival including arts, crafts and the Run the Quay Races 5 and 10K events. Another great time to be had is at Celebration of the Arts, an event where regional artists and local galleries show handmade crafts and museum-quality paintings.