Rent to own Homes in Germantown, TN
Germantown, TN is a great place for affordable rent-to-own homes! With a median household income of over $123,387 and a median rent of $1,358, the Germantown, 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 Germantown, 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 Germantown, TN Property Resources
Rent to own Homes in Cities Near Germantown, TN
- Arlington
- Atoka
- Bartlett
- Braden
- Bridgetown
- Byhalia
- Collierville
- Cordova
- Drummonds
- Eads
- Gallaway
- Germantown
- Hernando
- Horn Lake
- Independence
- Lake Cormorant
- Lakeland
- Lamar
- Lynchburg
- Memphis
- Millington
- Mount Pleasant
- Munford
- Nesbit
- Oakland
- Olive Branch
- Piperton
- Pleasant Hill
- Red Banks
- Rossville
- Somerville
- Southaven
- Victoria
- West Memphis
Neighborhoods in Germantown, TN
Bromley - Foster Ridge - Oaks Homeowners rent to own homes Dogwood Creek Homeowners Association rent to own homes Dogwood Grove Homeowners Association rent to own homes Dogwood Trails Homeowners Association rent to own homes Farmington East Home Owners Association rent to own homes Germantown Park Community Association rent to own homes Hunters Run Home Association rent to own homes Kimbrough Woods Home Association rent to own homes Shady Creek Homeowners Association rent to own homes South Germantown Neighborhood Association rent to own homesPopular Zip Codes in Germantown, TN
38183 rent to own homes 38138 rent to own homes 38139 rent to own homesBuying a Home in Germantown, TN
Germantown, TN is seeing rapid growth and Germantown, TN's' housing market remains not optimal with an average home price that is 55% above the 2024 national average. Germantown, TN is part of Shelby 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 Shelby is 1.38% which is above the national average, which is 0.99%.