Rent to own Homes in Laurinburg, NC
Laurinburg, North Carolina, is located in Scotland County, near the South Carolina border. The town was founded in the late 1700s by a few families, one of which was the Scottish McLaurins, from whom the town got its name. The town was incorporated in 1877, and it grew rapidly after the establishment of a private school, Laurinburg High School. Today, the town boasts an area of 12.6 square miles and almost 16,000 people.
Laurinburg, NC is a great place for affordable rent-to-own homes! With a median household income of over $29,787 and a median rent of $674, the Laurinburg, 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 Laurinburg, 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 Laurinburg, NC Property Resources
Rent to own Homes in Cities Near Laurinburg, NC
- Aberdeen
- Ashley Heights
- Bennettsville
- Blenheim
- Bowmore
- Clio
- Cordova
- Deercroft
- Dillon
- Dobbins Heights
- East Laurinburg
- East Rockingham
- Elrod
- Five Points
- Gibson
- Hamer
- Hamlet
- Hoffman
- Jackson Springs
- Laurel Hill
- Laurinburg
- Little Rock
- Marston
- Maxton
- McColl
- Mc Coll
- Old Hundred
- Pembroke
- Pinebluff
- Prospect
- Raeford
- Raemon
- Red Springs
- Roberdel
- Rockingham
- Rowland
- Scotch Meadows
- Silver City
- Tatum
- Wagram
- Wakulla
- Wallace
Neighborhoods in Laurinburg, NC
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Laurinburg, NC is seeing rapid growth and Laurinburg, NC's' housing market remains optimal with an average home price that is -52% below the 2024 national average. Laurinburg, NC is part of Scotland 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 Scotland is 1.02% which is above the national average, which is 0.99%.
Median Home Price in Laurinburg, NC
Median Rent in Laurinburg, NC
Top 4 Reasons to Live in Laurinburg, NC
Low home prices! Median home prices in Laurinburg are lower than the national average of $170,100. Even two of the town's pricier communities, Crossway and Sandy Bottoms, fall below this national average. Once you've settled into your reasonably priced home, you can check out some of Laurinburg's great outdoor activities. Although Laurinburg is small, it boasts an abundance of parks, including Optimist, Washington and Lincoln parks. There are also walking trails, including the Bridge Creek Trail at the Morgan complex and the walking path at Scotland Place.
Plenty of rental options! There are more rental housing units in Laurinburg than compared to the national average. Renters make up 42.3 percent of Laurinburg's population, while the national average is only 30.19 percent. A good place to secure rent to own houses is in the Johns neighborhood in Laurinburg's east side or near St. Andrews University.
Check out the rich Scottish heritage! Founded by Scottish people, Laurinburg and its surrounding county have a strong Scottish pride. Laurinburg has a Scottish sister city and the town hosts the annual Scotland County Highland Games. Held on the grounds of the historic John Blue Home and Historical Complex, the one-day event features residents participating in traditional Scottish athletics like sheaf tossing and hammer throwing. There are also Scottish drums and pipes, a parade of tartans and whisky tasting.
Live among famous residents! Some of Laurinburg's native sons include former North Carolina governor and U.S. senator Terry Sanford, Broadway start Ben Vereen, UNC and NFL athlete Jacoby Watkins and American Idol finalist and country artist Bucky Covington. While the chance that you'll run into any of these men at Mi Casita Restaurante in downtown Laurinburg or McDuff's Neighborhood Grille just south of town is slim, it's still impressive to tell people you live in the same town.