Rent to own Homes in Bristol, TN
Listed as the Birthplace of Country Music, Bristol is a city with a rich history surrounding it. It was home to some of the earliest country music recordings, from legends such as the Carter Family and Jimmie Rodgers, but there's much more to Bristol than just country music. It's also a twin city to Bristol, Virginia. The two cities share a common border and downtown area. In fact, the actual boundary of the two cities is the state line itself.
Bristol, TN is a great place for affordable rent-to-own homes! With a median household income of over $42,067 and a median rent of $709, the Bristol, TN 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 Bristol, TN. 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 Bristol, TN Property Resources
Rent to own Homes in Cities Near Bristol, TN
- Afton
- Baileyton
- Biltmore
- Bloomingdale
- Blountville
- Bluff City
- Bristol
- Bristol
- Central
- Chuckey
- Church Hill
- Clinchport
- Colonial Heights
- Duffield
- Dungannon
- Eidson
- Elizabethton
- Embreeville
- Fall Branch
- Fort Blackmore
- Gate City
- Gray
- Hiltons
- Hunter
- Johnson City
- Jonesborough
- Kingsport
- Limestone
- Mendota
- Mount Carmel
- Nickelsville
- Oak Grove
- Orebank
- Pine Crest
- Piney Flats
- Spurgeon
- Sullivan Gardens
- Surgoinsville
- Telford
- Unicoi
- Walnut Hill
- Watauga
- Weber City
Neighborhoods in Bristol, TN
No neighborhoods foundPopular Zip Codes in Bristol, TN
37625 rent to own homesBuying a Home in Bristol, TN
Bristol, TN is seeing rapid growth and Bristol, TN's' housing market remains optimal with an average home price that is -38% below the 2024 national average. Bristol, TN is part of Sullivan 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 Sullivan is 0.67% which is below the national average, which is 0.99%.
Median Home Price in Bristol, TN
Median Rent in Bristol, TN
Top 3 Reasons to Live in Bristol, TN
Home values rising! Over the past decade, houses in Bristol have actually appreciated in value by nearly 25 percent. This is more than double the average in America during that same time period. Whether living out by the Bristol Motor Speedway or further north near the Wellmont Bristol Regional Medical Center, these housing values mean a good investment for those looking to own homes in the area. Even opting for rent to own houses can end up being profitable in the city.
Always something to do! Overlooking the Motor Speedway and other entertainment or restaurant choices in the area, Bristol offers an exceptional amount of activities to keep its citizens preoccupied. Checking out the Appalachian or Bristol Caverns, for instance, creates an experience that most people in the country will never get to take part in. For those who want to get out without a tour guide, though, Farmer Bob's Campground offers the chance to rough it for a few nights.
Amazingly low property taxes! More than six out of every ten homes in Bristol are owned rather than rented. This, combined with a lower than average housing cost and consistent increase in housing valuations, may lead one to believe that the property taxes should be particularly high. Luckily for those looking to make the move to Bristol, this isn't the case at all. In fact, the taxes in the area are nearly 50 percent lower than the average in America overall. Thanks to these low tax rates, many residents have enough disposable income to really enjoy themselves. Whether this is through a few holes at the Putt-Putt Fun Center or a nice night out at the Twin City Drive-In Theatre, there's always something better to spend your money on than taxes.