Rent to own Homes in Kinston, NC
Located in the southeastern portion of North Carolina, Kinston is a small town in what is known as the Inner Banks. Kinston is close enough to reach the beach in an hour, but it's still far enough away to be buffered from the summer traffic jams heading towards the sandy coast. Kinston's small-town charm has delighted residents and visitors alike since its founding in the 1790s.
Kinston, NC is a great place for affordable rent-to-own homes! With a median household income of over $32,094 and a median rent of $699, the Kinston, 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 Kinston, 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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Kinston, NC is seeing rapid growth and Kinston, NC's' housing market remains optimal with an average home price that is -55% below the 2024 national average. Kinston, NC is part of Lenoir 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 Lenoir is 0.94% which is below the national average, which is 0.99%.
Median Home Price in Kinston, NC
Median Rent in Kinston, NC
Top 4 Reasons to Live in Kinston, NC
A strong rental market! Kinston boasts more rental homes -- at 46.09 percent of all real estate -- than the national average of 30.19 percent. Home vacancies are higher here, too. Just over 16 percent of all homes are vacant, compared to just 12.47 percent nationwide. This good rental market makes it easier to find rental homes in a community like Sandy Bottom, which is southwest of downtown, or Georgetown, which is northeast of downtown.
Your real estate money goes further! The median house price in Kinston is just $93,100. Since the national median price is $170,100, real estate money buys you more here. The property taxes are lower in Kinston, too. Residents pay $9.88 compared to $12.07 nationwide. If you're looking for something luxurious, check out Falling Creek and Bucklesberry. The more rural areas of Southwood and Woodington also have plenty of homes for sale.
Historic sites abound! Harmony Hall, Kinston's oldest building, was originally the residence of Richard Caswell, North Carolina's first governor. Other historic sites worth checking out include the museum dedicated to Gov. Richard Caswell, the full-size replica of the Confederate gunboat CSS Neuse II and the antebellum Foscue Plantation. Several Civil War battlefields can be explored nearby, including the sites of the Battle of Wyse Fork, the First Battle of Kinston and Harriet's Chapel.
Go out and play! Regardless of where you find your perfect rent to own home, chances are it'll be convenient to many of Kinston's recreational activities as many properties are. The Pepsi Sprayground in Fairfield Park and the Lions Water Adventure keep residents cool during the summer. Big Daddy's Express is a small locomotive that takes people on a delightful tour of Neuseway Nature Park. Plenty of fishing can be had at Tull's Mill Pond, either from a boat or the bank. Whatever you fancy, chances are Kinston offers it!