Rent to own Homes in Farragut, TN
Just south of Knoxville, Tennessee sits Farragut, a 16-square-mile suburb that blends its rich history with a growing community. Conveniently located in east Tennessee, Farragut gives commuters easy access to Knoxville, Oak Ridge and Alcoa. In addition, Farragut residents are just 240 miles from Atlanta and 185 miles from Nashville. The nearly 21,000 residents who call Farragut home have plenty to enjoy in this scenic Tennessee community.
Farragut, TN is a great place for affordable rent-to-own homes! With a median household income of over $109,156 and a median rent of $1,245, the Farragut, 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 Farragut, 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 Farragut, TN Property Resources
Rent to own Homes in Cities Near Farragut, TN
- Alcoa
- Andersonville
- Briceville
- Clinton
- Coalfield
- Eagleton Village
- Farragut
- Friendsville
- Greenback
- Harriman
- Heiskell
- Kahite
- Karns
- Kingston
- Knoxville
- Lake City
- Lenoir City
- Loudon
- Louisville
- Madisonville
- Maryville
- Midtown
- Norris
- Oak Ridge
- Oliver Springs
- Petros
- Philadelphia
- Powell
- Rarity Bay
- Rockford
- Rocky Top
- Seymour
- Tallassee
- Tellico Village
- Vonore
- Wildwood
Neighborhoods in Farragut, TN
Farragut rent to own homesBuying a Home in Farragut, TN
Farragut, TN is seeing rapid growth and Farragut, TN's' housing market remains not optimal with an average home price that is 71% above the 2024 national average. Farragut, TN is part of Knox 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 Knox is 0.72% which is below the national average, which is 0.99%.
Median Home Price in Farragut, TN
Median Rent in Farragut, TN
Top 6 Reasons to Live in Farragut, TN
Rich in American history! Farragut was a prominent site during the Civil War, which means there are several historic spots in the area. Visit the Farragut Folklife Museum, where you can explore artifacts and learn more about Admiral David Farragut, the city's namesake. The Farragut Memorial Plaza commemorates the area's rich Civil War History, which included the Battle of Campbell Station. Stop by this plaza to see a bronze statue, Civil War era cannons and historic markers with facts about the area.
Outdoor opportunities abound! Farragut features four parks, including Anchor Park, which features lakefront views, a fishing pond, basketball court, playground and more. Farragut also includes four greenways, which are perfect for exploring the area's beauty on foot or bike. Turkey Creek Greenway, a paved, tree-lined path, begins at Anchor Park and weaves through 1.6 scenic miles.
Shop and dine close to home! Turkey Creek is a one-stop shop for your shopping and dining needs. This expansive shopping center includes locally owned restaurants, such as Connor Concepts and Smoky Mountain Brewery, as well as shops, spas, movie theaters and more.
Neighborhoods in natural settings! Housing developers in Farragut must leave at least 10 percent of the community as passive open space or developed recreational amenities, which means that there's plenty of green space and parks. Check out the rent to own homes available in such neighborhoods as Belle-Aire and Village Green, which offer a swimming pool, tennis courts and swim team for neighborhood residents.
Community fun with neighbors! Farragut plays host to several yearly festivals, allowing you to celebrate and socialize with your fellow residents. Stroll down the Farragut Trail, a part of Knoxville's Dogwood Arts Festival, every spring. Celebrate Independence Day at the city's Red, White, and Blues Festival, which is sponsored by the Farragut Business Alliance.
Expansive floor plans! Farragut's well-developed neighborhoods, such as Sugarwood and Rockwell Farm, offer sprawling floor plans that feature four, five and even six bedrooms. Home buyers looking for a lot of space will be pleased by what Farragut's neighborhoods have to offer.