Rent to own Homes in Graham, NC
Originally founded in 1849 and incorporated as a city in 1961, Graham was named after North Carolina senator-turned-governor, William Alexander Graham. The city actually has a colorful history, that includes gold mining. The miners left their jobs to fight during the Civil War, so who knows? Maybe you can stake a claim of your own. The city's history also includes a mayor who threatened to throw a prohibitionist into jail if she made trouble by trying to denounce alcohol use in the town!
Graham, NC is a great place for affordable rent-to-own homes! With a median household income of over $41,499 and a median rent of $768, the Graham, 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 Graham, 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 Graham, NC Property Resources
Rent to own Homes in Cities Near Graham, NC
- Apex
- Bahama
- Briar Chapel
- Butner
- Carolina Meadows
- Carrboro
- Cary
- Cedar Grove
- Chapel Hill
- Creedmoor
- Durham
- Efland
- Fearrington Village
- Gorman
- Governors Club
- Governors Village
- Hillsborough
- Holly Springs
- Hurdle Mills
- Mebane
- Morrisville
- New Hill
- Pittsboro
- Prospect Hill
- Raleigh
- Rougemont
- Roxboro
- Stem
- Timberlake
- Wake Forest
Neighborhoods in Graham, NC
North Main Street Historic District rent to own homesPopular Zip Codes in Graham, NC
27258 rent to own homesBuying a Home in Graham, NC
Graham, NC is seeing rapid growth and Graham, NC's' housing market remains optimal with an average home price that is -33% below the 2024 national average. Graham, NC is part of Alamance 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 Alamance is 0.72% which is below the national average, which is 0.99%.
Median Home Price in Graham, NC
Median Rent in Graham, NC
Top 3 Reasons to Live in Graham
Amazingly low housing prices! Anyone looking for an affordable mortgage or for rent to own houses that won't break the bank would be foolish to not consider Graham. The rental rate for a two-bedroom home or apartment is about 28 percent lower than the national average, but it's the price of ownership that's really impressive. A home in the area costs more than 40 percent less than America's housing average. This means that whether you live near Graham Municipal Park or further south adjacent to Big Alamance Creek, you'll be doing so at an affordable cost.
Tons of options for fun nights out! A quick visit to Angelo's Family Restaurant followed by a flick at Graham Cinema is perfect for those who enjoy a relaxing night out. For residents and visitors with more artsy tastes, The Mad Platter studio offers eclectic pottery and art classes where you can easily create your own masterpieces. If you don't like staying out too late, it's simple to check out Bill Cooke Park, Greenway Park or the numerous other parks in the area during the day. You can enjoy the scenery or one of the scheduled events hosted throughout the year.
Great savings on taxes! For a small town in a great location, Graham boasts plenty of financial benefits. The city property tax rates in Graham are nearly 40 percent lower than the national average. Additionally, the cost of living index in Graham is eight points lower than America's average. Whether you use these savings to visit Graham Furniture Mart and make your new home beautiful or to dress up for that fun night out with help from Sandy's Classic Fashions is up to you, but either way, you're likely to have some money left over.