Rent to own Homes in Hope Mills, NC
Hope Mills is a quaint suburb of Fayetteville, NC within convenient proximity to Fort Bragg. The town's history dates back to 1766, when a lumber camp and sawmill were first established. When dams on the river brought cotton mills to Hope Mills, the town experienced growth in residents and business. These days, it's home to just over 15,000 people and enjoys a central location just minutes away from I-95.
Hope Mills, NC is a great place for affordable rent-to-own homes! With a median household income of over $47,730 and a median rent of $902, the Hope Mills, 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 Hope Mills, 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 Hope Mills, NC Property Resources
Rent to own Homes in Cities Near Hope Mills, NC
- Anderson Creek
- Autryville
- Barker Ten Mile
- Bunnlevel
- Dundarrach
- Eastover
- Erwin
- Falcon
- Fayetteville
- Fort Bragg
- Godwin
- Hope Mills
- Lillington
- Linden
- Lumber Bridge
- Lumberton
- Mamers
- Parkton
- Pope Army Airfield
- Raeford
- Red Springs
- Rennert
- Rex
- Rockfish
- Shannon
- Silver City
- Spout Springs
- Spring Lake
- Stedman
- St. Pauls
- Tar Heel
- Vander
- Wade
- White Oak
Neighborhoods in Hope Mills, NC
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Hope Mills, NC is seeing rapid growth and Hope Mills, NC's' housing market remains optimal with an average home price that is -36% below the 2024 national average. Hope Mills, NC is part of Cumberland 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 Cumberland is 1.14% which is above the national average, which is 0.99%.
Median Home Price in Hope Mills, NC
Median Rent in Hope Mills, NC
Top 6 Great Reasons to Live in Hope Mills, North Carolina
It's a buyer's market! Buying a home here won't set you back too much. The late 2014 median sales price of $138,000 was down 6.4 percent from the year before, which could indicate a market very receptive to rent to own offers. Look near Rockfish Road to be close to great recreational facilities at the park, or explore the homes around Hope Mills Public Library.
Great places to grab a bite! Marita's Schlemmerstube is the place to find authentic German cuisine. Located on Legion Road, it's a local gem. The Wine Cafe at Millstone Shopping Center has a lovely wine list and Mi Casita on Legion Road is beloved for its great Mexican food. After grabbing lunch or dinner, stop by the Millstone 14 Theater to watch the latest Hollywood release.
Fun Fun Fun! That's the name of an amusement park found on Cumberland Road. Fun Fun Fun has laser tag, miniature golf, batting cages and a huge arcade. For similar activities there's also Putt-Putt Golf & Games in the Millstone Center.
Wide variety of housing! The older part of town features relatively smaller homes on lots with established landscaping. Almost 70% of the homes are single-family homes, but for those looking at apartment rentals, there are smaller complexes south of Rockfish Road. Up near Camden Road you can find tracts of brand new homes.
Take to the water! Fantasy Lake Water Park is a regional favorite for getting wet on a hot summer day. Lake Waldo's Beach Playground, just to the southeast, is another water play area with a beach and fishing area. For a hike near the water, head out on the trails by Rockfish Creek.
Golfing fun! Cypress Lakes Golf Course on Cypress Lakes Road offers up great greens for hitting the ball around. Hope Mills Golf & Country Club, on Golfview Road, is another fine course awaiting your discovery.