Rent to own Homes in McMinnville, TN
McMinnville is known as the Nursery Capital of the World, which is a fitting title considering that it's home to over 450 plant nurseries. Located within Warren County, McMinnville offers its residents small town comfort combined with a steady flow of community events, including the Warren County Farmer's Market and its abundant selection of locally grown produce. Outdoor enthusiasts will enjoy exploring the caves at Cumberland Caverns and launching kayaks at Pepper Branch Park.
McMinnville, TN is a great place for affordable rent-to-own homes! With a median household income of over $36,337 and a median rent of $627, the McMinnville, 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 McMinnville, 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 McMinnville, TN Property Resources
Rent to own Homes in Cities Near McMinnville, TN
- Altamont
- Arnold Afb
- Beechgrove
- Bell Buckle
- Belvidere
- Bradyville
- Centertown
- Christiana
- Coalmont
- Cowan
- Decherd
- Estill Springs
- Hillsboro
- Lakewood Park
- Lynchburg
- Lynchburg, Moore County
- Manchester
- McMinnville
- Monteagle
- Morrison
- Mulberry
- New Union
- Normandy
- Pelham
- Readyville
- Sewanee
- Shelbyville
- Sherwood
- Tracy City
- Tullahoma
- Viola
- Wartrace
- Winchester
- Woodbury
Neighborhoods in McMinnville, TN
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McMinnville, TN is seeing rapid growth and McMinnville, TN's' housing market remains optimal with an average home price that is -51% below the 2024 national average. McMinnville, TN is part of Warren 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 Warren is 0.65% which is below the national average, which is 0.99%.
Median Home Price in McMinnville, TN
Median Rent in McMinnville, TN
Top 6 Reasons to Live in McMinnville, TN
Annual events and festivities! McMinnville plays host to several festivities throughout the year, including the Highland Rim Cycling Classic that attracts over 400 road cyclists worldwide, and the Autumn Street Fair, which is a collection of live music, craft vendors and local culinary treats. Main Street LIVE!, a concert series held throughout the summer, features various musical acts and has become a tradition in the downtown area.
Parks and recreation! Nature lovers and outdoor enthusiasts have ample recreational opportunities when it comes to this Tennessee city. Fall Creek Falls State Park offers campgrounds and natural wonders, while Barren Fork Greenway provides lovely scenery and hiking trails.
Cultural landmarks! The Falcon Rest Mansion in downtown McMinnville is known as Tennessee's Biltmore for its remarkable amenities. The building, which is open for touring by the public, is also rumored to be haunted. Also in the downtown area is the historic Park Theatre, whose giant Park sign echos its once thriving business and continued relevance to the city's history.
Restored downtown scene! McMinnville's tree-lined downtown neighborhood has been the site of an impressive restoration, and visitors will enjoy its assortment of houses for rent, local shopping and dining venues. Et Cetera is the perfect source for charming gifts, and Collins River BBQ & Cafe offers an appetizing Southern-style menu.
Economic growth! The city's high level of manufacturing plants and businesses, especially plant nurseries such as Boyd and Boyd Nursery and Scenic Hills Nursery, maintain steady jobs and economic revenue for the area.
Affordable cost of living! McMinnville's locals enjoy a cost of living that is 21 percent lower than the nation's average. Coupled with median rental rates that are a staggering 43 percent lower than the average nationwide, and it's easy to see why this city makes an ideal spot to search for rent to own homes. By saving money on the everyday necessities, community residents can afford more delights at Main Street Bakery & Cafe or enjoy new releases at Three Star Cinema.