Rent to own Homes in Garner, NC
Located in Wake County, North Carolina, Garner is a town covering 14.8 square miles. Rich coastal plains and a sub-tropical climate made it a top producer of tobacco and cotton until 1900, when the local economy shifted to practical arts and mercantile businesses. Today, it is a fast-growing town where historical legacy blends well with urban modernity. Garner is a mere 15 minutes drive from the state capital Raleigh via US 70.
Garner, NC is a great place for affordable rent-to-own homes! With a median household income of over $67,571 and a median rent of $1,218, the Garner, 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 Garner, 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.
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Rent to own Homes in Cities Near Garner, NC
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Eagle Ridge rent to own homesPopular Zip Codes in Garner, NC
27603 rent to own homesBuying a Home in Garner, NC
Garner, NC is seeing rapid growth and Garner, NC's' housing market remains optimal with an average home price that is -1% below the 2024 national average. Garner, 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 Garner, NC
Median Rent in Garner, NC
Top 5 Reasons to Live in Garner, NC
Stroll around historical town! Garner has played an important role in North Carolina history since 1847, when the first state railroad station was built in town. Visit the Historic Garner Railroad Depot on Main Street for a tour of this important site, then stroll around the 3,000-acre Rand's Mill Pond, the origin of the old Garner town in 1759, now a protected reservoir called Lake Benson.
Enjoy a thriving downtown scene! Thanks to its inclusion in the North Carolina Main Street Program, Garner residents enjoy shopping, dining, entertainment and personal services just within a 3.5-mile continuous trail. Shop until you drop at popular chain stores like Walmart, Target or Lowe's, have a hearty meal in the town favorite Logan's Roadhouse, and cap the day with a scoop of heaven from nearby Cold Stone Creamery.
Great time to own a Garner home! Value of home ownership in Garner is growing rapidly, increasing by 70 percent from 2000 to 2012. This means buying a Garner home is a good investment. While home values are increasing, the average cost of home remains low compared to the state average. Start your search for a house for sale along Old Garner Road, where residents enjoy proximity to Garner YMCA and Garner Performing Arts Center.
Lead an active lifestyle! With mountains and lakes encircling the town, Garner enjoys a moderate temperature that allows for year round outdoor activities, from summer hiking to winter skiing. Enjoy paddle boating and kayaking around serene Lake Johnson Park, roam around miles of paved trails in White Deer Park, or play a round of golf at the River Ridge Golf Community.
Lower rent compared to the rest of North Carolina! While the town's economy is on the rise, Garner is able to maintain an affordable rental rate at an $800 average compared to $900 to $1,000 outside the town limits. The housing profile may be largely owner-occupied, but there are still many rental properties, including rent to own homes around the planned Garner historical downtown by Highway 70, near the busy Gateway Plaza.