Rent to own Homes in Morrisville, NC
Located in Wake County, Morrisville is estimated to have a population of 21,932. Morrisville makes up the third leg of the Research Triangle with Durham and Raleigh and is home to numerous corporations. Residents in Morrisville rave about the subtropical climate that provides mild winter temperatures and hot Southern summers. Take advantage of the gorgeous weather year round by going to one of the six parks in Morrisville, or by taking advantage of youth sports leagues for basketball, softball, soccer and even cricket.
Morrisville, NC is a great place for affordable rent-to-own homes! With a median household income of over $100,495 and a median rent of $1,459, the Morrisville, 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 Morrisville, 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 Morrisville, NC Property Resources
Rent to own Homes in Cities Near Morrisville, NC
- Angier
- Apex
- Bahama
- Briar Chapel
- Butner
- Carolina Meadows
- Carrboro
- Cary
- Chapel Hill
- Durham
- Fearrington Village
- Fuquay-Varina
- Garner
- Gorman
- Governors Club
- Governors Village
- Hillsborough
- Holly Springs
- Knightdale
- Lillington
- Mamers
- Moncure
- Morrisville
- New Hill
- Pittsboro
- Raleigh
- Sanford
- Wake Forest
- Willow Spring
Neighborhoods in Morrisville, NC
No neighborhoods foundPopular Zip Codes in Morrisville, NC
27560 rent to own homesBuying a Home in Morrisville, NC
Morrisville, NC is seeing rapid growth and Morrisville, NC's' housing market remains not optimal with an average home price that is 53% above the 2024 national average. Morrisville, NC is part of Wake 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 Wake is 0.81% which is below the national average, which is 0.99%.
Median Home Price in Morrisville, NC
Median Rent in Morrisville, NC
Top 6 Reasons to Live in Morrisville, NC
Home values reaching record highs! Because buying a house is an investment, it is best to buy in a city that is poised to grow and retain value. Morrisville meets both these characteristics and has a median home value of $245,600 that has risen 6.9% in the last year. With that number expected to increase 3.5% in 2015, there is still time to buy a home with almost instant equity in an area like Golden Horseshoe Circle or Aviation Parkway.
Take advantage of price cuts! Morrisville is a true buyer's market with 31% of listings having had a price cut and 22.1% selling below the list price. The median list price in Morrisville is $288,990 while the median sale price is $232,500. For an affordable rent to own home look at the neighborhoods of Weston Parkway and Clegg.
Numerous parks! Morrisville is home to six neighborhood parks and a community center that features a fitness facility and basketball court. For a true experience with nature, head to the Indian Creek Greenway and Trailhead for a 5-mile hike that will test even the fittest of hikers. At Shiloh Community Park residents have access to an athletic field, multiple basketball courts, lighted tennis courts, and a picnic area.
A thriving economy! Morrisville is home to numerous businesses that are both locally and nationally owned. Some of the largest employers in the area include Fortune 500 companies like Metlife, Time Warner Cable and Fidelity Investments.
Plenty to do! Get ready to scale a mountain at the Triangle Rock Club that features a 50-foot indoor rock climbing wall. Or, contact Tobacco Road Tours for a guided tour of the city on a Segway scooter.
Sports haven! Perfect your short game at the challenging 18-hole Ryder Brook Golf Course or work on your swing at the Batterz Up indoor batting cages.