Rent to own Homes in Statesville, NC
Nestled in Iredell County in North Carolina's Piedmont region, Statesville wears its All-American City (it won in 1997 and 2009) designations proudly. Founded by Scots-Irish Presbyterians and German Lutherans in the mid-1700s, the area was prized for its fertile soil. The city was originally named Fourth Creek Congregation, after the plentiful creek running through the town that was four creeks to the west of the existing settlement. The town continued growing, and by 1858 it had the distinction of leading the state in the production of tobacco.
Statesville, NC is a great place for affordable rent-to-own homes! With a median household income of over $42,004 and a median rent of $762, the Statesville, 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 Statesville, 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 Statesville, NC Property Resources
Rent to own Homes in Cities Near Statesville, NC
- Catawba
- Claremont
- Cleveland
- Conover
- Cooleemee
- Cornelius
- Davidson
- Denver
- Enochville
- Hamptonville
- Harmony
- Hickory
- Hiddenite
- Huntersville
- Kannapolis
- Lake Norman of Catawba
- Lake Norman Of Iredell
- Landis
- Love Valley
- Maiden
- Mocksville
- Mooresville
- Mount Ulla
- Newton
- Olin
- Roaring River
- Salisbury
- Sherrills Ford
- Statesville
- Stony Point
- St. Stephens
- Taylorsville
- Terrell
- Troutman
- Union Grove
- Westport
- Woodleaf
Neighborhoods in Statesville, NC
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28687 rent to own homesBuying a Home in Statesville, NC
Statesville, NC is seeing rapid growth and Statesville, NC's' housing market remains optimal with an average home price that is -26% below the 2024 national average. Statesville, NC is part of Iredell 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 Iredell is 0.59% which is below the national average, which is 0.99%.
Median Home Price in Statesville, NC
Median Rent in Statesville, NC
Top 5 Reasons to Live in Statesville, NC
It's a renter's market! Not only are rental home prices a tad lower than the national average, but more homes are rented in Statesville than nationally. Nationally rental houses account for just at 30% of residential buildings, whereas in Statesville, they make up 40.25%. Rent to own houses are plentiful in the Downtown Historic District, as well as the Statesville West and Bradford Crossroads neighborhoods.
Affordable homes that are appreciating! Statesville median home prices of $82,700 are lower than the national average of $170,100. What's more, homes are appreciating at almost 10% per year, which is higher than the national average of less than 5%. Real-estate dollars stretch further here, even in more expensive neighborhoods like Cool Springs to the east and Barium Springs and Eufola to the south.
Ghostly activity! Statesville is home to a few residents that refuse to leave, even after death. In 1891 a passenger train derailed on Bostian Bridge to the west of downtown. Seven cars fell down into Third Creek, killing dozens of people. To this day, many people claim the bridge is haunted. The Ghost of Vance Hotel is another popular Statesville ghost. The Vance Hotel was the ritziest hotel for hundreds of miles when it opened in downtown in the early 1920s. People claimed to have seen the ghost of a little girl that drowned in the pool. The Vance is not open today, but the building was used for filming "Leatherheads."
Home of the Carolina Balloonfest! Held annually in October, the Balloonfest is a chance for residents and visitors to take flight in a colorful hot air balloon. Food vendors set up at the site at the Statesville Regional Airport, and a wine and beer craft tasting can be part of the experience. Make a day of it by taking a balloon ride at sunrise, then heading to Amalfi's Italian Restaurant or Twisted Oak American Bar & Grill for lunch.
Go out and play! Statesville has several popular parks with sports fields, picnic shelters and walking trails. The Tradd Street Park has half an acre of open space within downtown, while downtown workers often eat lunch at Pecan Park. Golfers will love that the Twin Oaks, River Oaks and Lakewood golf courses are all open to the public.