Rent to own Homes in Lenoir, NC
Lenoir is a city in western North Carolina, midway between Asheville and Winston-Salem. Lenoir was a recipient of the All-America City Award in 2008 and as of the 2010 census is home to 18,228 residents. In the late 19th century the forested foothills of the Blue Ridge Mountains provided a ready source of lumber for a growing furniture industry. Today, Lenoir is home to one of Google's major data centers, a $1.2 billion facility decorated with a NASCAR theme.
Lenoir, NC is a great place for affordable rent-to-own homes! With a median household income of over $39,116 and a median rent of $622, the Lenoir, 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 Lenoir, 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 Lenoir, NC
- Alexis
- Belwood
- Bessemer City
- Bethlehem
- Boomer
- Brookford
- Cajah's Mountain
- Casar
- Catawba
- Cedar Rock
- Cherryville
- Claremont
- Connelly Springs
- Conover
- Crouse
- Dallas
- Dellview
- Denver
- Drexel
- Fallston
- Gamewell
- Granite Falls
- Hickory
- Hiddenite
- High Shoals
- Hildebran
- Hudson
- Icard
- Iron Station
- Lake Norman of Catawba
- Lawndale
- Lenoir
- Lincolnton
- Long View
- Maiden
- Morganton
- Mountain View
- Newton
- Northlakes
- Rhodhiss
- Rutherford College
- Salem
- Sawmills
- Sherrills Ford
- Stony Point
- St. Stephens
- Terrell
- Valdese
- Waco
- Westport
Popular Zip Codes in Lenoir, NC
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Lenoir, NC is seeing rapid growth and Lenoir, NC's' housing market remains optimal with an average home price that is -49% below the 2024 national average. Lenoir, NC is part of Caldwell 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 Caldwell is 0.72% which is below the national average, which is 0.99%.
Median Home Price in Lenoir, NC
Median Rent in Lenoir, NC
Top 4 Reasons to Live in Lenoir, NC
Places to play! Water lovers and fitness enthusiasts enjoy the Lenoir Aquatic and Fitness Center. The center's Junior Olympic-sized swimming pool is complemented by a hot tub and a kiddie pool. A competitive game of racquetball can also be enjoyed, along with a great workout in the weight and fitness area. If you like to get outdoors, hiking trails meander over one hundred acres of scenic surroundings. J.E. Broyhill Park offers a basketball court, a paved trail, playgrounds and picnic facilities right in heart of the community.
The low-down on housing costs! The mean home value of $98,760 as of 2012 suggests that those relocating to Lenoir can find affordable houses for sale. The cost of rent to own homes often reflects this modest median home value. Enjoy living near the Lenoir Golf Course, not far from the center of town, or consider a home closer to Hibriten Mountain to the east.
Feast on festivals! There are berry-stained faces galore in the aftermath of the blackberry-eating contest at the North Carolina Blackberry Festival, held annually in downtown Lenoir. If a face full of pie isn't for you, it's possible to simply purchase blackberries to take home or enjoy some free blackberry cobbler while supplies last. The autumn season brings Living History Days to Fort Defiance with fun events to educate about life in the early days of the country. Learn some history from an interpreter clad in period attire or watch the strolling juggler entertain visitors of all ages.
Good news for renters! Renters can benefit from a median gross rent of $597 and a cost-of-living that is 14.4 percent below the national average. Live in an upper or lower flat near the Eola Beer Company, located in a former Greyhound bus station, or select an apartment within walking distance of the Wine Cellar and Bistro in downtown Lenoir. For those living in the downtown area, costs are even lower with free Wi-Fi provided through a program developed by Google and the city.