Rent to own Homes in Reidsville, NC
Reidsville, located in Rockingham County, NC, began in the early 19th century as an outpost along the stagecoach line. The Piedmont town was originally just a single home and inn owned by Reuben Reid, but it had quickly expanded into a thriving tobacco-farming community by the late 1800s. Today, the town has a population of 14,463, with a diversified economy that benefits from easy access to nearby larger cities, such as Greensboro and High Point.
Reidsville, NC is a great place for affordable rent-to-own homes! With a median household income of over $35,802 and a median rent of $668, the Reidsville, 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 Reidsville, 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 Reidsville, NC
Neighborhoods in Reidsville, NC
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27320 rent to own homesBuying a Home in Reidsville, NC
Reidsville, NC is seeing rapid growth and Reidsville, NC's' housing market remains optimal with an average home price that is -50% below the 2024 national average. Reidsville, NC is part of Rockingham 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 Rockingham is 0.84% which is below the national average, which is 0.99%.
Median Home Price in Reidsville, NC
Median Rent in Reidsville, NC
Top 6 Reasons to Live in Reidsville, NC
Low home prices! Reidsville's median price of houses for sale is just $63,800, significantly lower than the median U.S. price of $170,100. Good neighborhoods in which to look for affordable housing include River Run's community of brick homes, or the more rural area of Williamsburg.
Strong rental market! In Reidsville, almost 46% of homes are owned and almost 38% are rented, which is a larger rental market than the national average of 57% owned and 30% rented. Rental homes can be found in Somerset, which is a wooded area with large yards, or you can look for rent to own homes in Forest Hills bordering Lake Reidsville.
On the history trails! Located along both the Chinqua Penn and Civil War trails, Reidsville has more than its fair share of historic sites. Tour the Governor Reid House, an 1880s Victorian building, or attend a wedding or special event at the majestic Penn House mansion, both of which are in downtown Reidsville and offer glimpses of Reidsville's historic past.
Along the lakes' edges! With nine parks, three greenways and multiple walking tours, Reidsville has plenty of recreational opportunities. The most popular are found around the area lakes, Lake Hunt and Lake Reidsville. Residents enjoy boating, water skiing, picnicking, duck hunting, hiking, camping and fishing on and around the lakes.
Plenty of local food! In addition to the multitude of local restaurants, residents get most of their food from local sources, like the Reidsville Farmers' Market, which has connected residents to farmers, bakers and artisans three times a week seasonally for more than 30 years. Boxes of locally grown food and food products like jams and bread are delivered to residents through the Piedmont Local Food Coalition.
Full of downtown delights! Not only is downtown the site of Market Square Park, where Pops on the Square concerts are held, but it's also the host of the annual Homegrown Festival. Downtown historic sites can be discovered on the walking tour available from city hall.