Rent to own Homes in Greeneville, TN
Originally named after Nathanael Greene, a Revolutionary War hero, Greeneville is a small town with a rich history. The town's past is also connected with President Andrew Johnson, who started his career in the city. While Greeneville had a population of just 15,062 in the 2010 census, it's part of the larger Tri-Cities region, including Kingsport, Bristol and Johnson City, giving residents access to both small town charm and big city amenities.
Greeneville, TN is a great place for affordable rent-to-own homes! With a median household income of over $41,020 and a median rent of $586, the Greeneville, 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 Greeneville, 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 Greeneville, TN Property Resources
Rent to own Homes in Cities Near Greeneville, TN
- Afton
- Baileyton
- Banner Hill
- Barnardsville
- Burnsville
- Central
- Chuckey
- Colonial Heights
- Elizabethton
- Embreeville
- Erwin
- Fall Branch
- Flag Pond
- Gray
- Greeneville
- Green Mountain
- Hampton
- Hot Springs
- Johnson City
- Jonesborough
- Kingsport
- Limestone
- Marshall
- Mars Hill
- Mosheim
- Oak Grove
- Pine Crest
- Piney Flats
- Spurgeon
- Sullivan Gardens
- Telford
- Tusculum
- Unicoi
Neighborhoods in Greeneville, TN
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Greeneville, TN is seeing rapid growth and Greeneville, TN's' housing market remains optimal with an average home price that is -32% below the 2024 national average. Greeneville, TN is part of Greene 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 Greene is 0.49% which is below the national average, which is 0.99%.
Median Home Price in Greeneville, TN
Median Rent in Greeneville, TN
Top 4 Reasons to Live in Greeneville, TN
Outdoor recreation opportunities! Greeneville is just a short drive from the expansive Great Smoky Mountains National Park, the Cherokee National Forest and the Pisgah National Forest. Great Smoky Mountains National Park is America's most visited and renowned for its diverse animal and plant life. Straddling the ridges of forest along the Tennessee-North Carolina border, the park provides abundant opportunities for hiking, fishing and boating. Cades Cove is just one of the lush valleys in the park where visitors can catch a glimpse of deer, black bears and coyotes. The area also has a maintained campground with 159 sites.
Rising property values! Home values in the Greeneville area have been steadily rising. Since 1990, the median price has increased by 108 percent. Between 2012 and 2014, the average homeowner noticed an increase in the value of their property by about 1.5 percent, which makes the city ideal for buyers. If you're looking for a great community, check out the Roaring Springs, Walkertown or Bright Hope neighborhoods.
Historical attractions open for tours! The Andrew Johnson National Historic Site includes 16 acres that are divided into three unique units. The Andrew Johnson Visitor Complex has a museum that is housed in the tailor shop where Andrew Johnson used to work. The Andrew Johnson Homestead has been restored to look like the house that Johnson and his wife inhabited from 1869 to 1875. The Homestead is open for tours throughout the year, but groups can also book it for private visits during the fall or spring.
Affordable rental homes in great neighborhoods! Greeneville has plenty of rentals as well as rent to own homes. The city's median rental price is one of the most affordable in the nation, with renters paying a median price of $420 per month in 2014. Nearly 40 percent of the city's properties are occupied by renters, and since 9 percent of all homes are vacant, rents are expected to stay low. For some of the best neighborhoods, try the Town Center or Sunnyside communities.