Rent to own Homes in Shelbyville, TN
Located in Bedford County, Tennessee, Shelbyville was first established in 1810 and incorporated as a city in 1819. Covering a land area of 18.6 square miles, the last census reported a population of about 20,500 residents. Shelbyville has been nicknamed "The Pencil City" due to its significance in manufacturing pencils throughout its history. The city has continued to experience significant growth for the last few decades, but has maintained a tight-knit community atmosphere -- something the residents would never give up.
Shelbyville, TN is a great place for affordable rent-to-own homes! With a median household income of over $44,030 and a median rent of $784, the Shelbyville, 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 Shelbyville, 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 Shelbyville, TN Property Resources
Rent to own Homes in Cities Near Shelbyville, TN
- Altamont
- Arnold Afb
- Beechgrove
- Bell Buckle
- Belvidere
- Bradyville
- Centertown
- Christiana
- Cowan
- Decherd
- Estill Springs
- Hillsboro
- Lakewood Park
- Lynchburg
- Lynchburg, Moore County
- Manchester
- McMinnville
- Monteagle
- Morrison
- Mulberry
- Murfreesboro
- New Union
- Normandy
- Pelham
- Readyville
- Sewanee
- Shelbyville
- Tullahoma
- Viola
- Wartrace
- Winchester
- Woodbury
Neighborhoods in Shelbyville, TN
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Shelbyville, TN is seeing rapid growth and Shelbyville, TN's' housing market remains optimal with an average home price that is -36% below the 2024 national average. Shelbyville, TN is part of Bedford 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 Bedford is 0.67% which is below the national average, which is 0.99%.
Median Home Price in Shelbyville, TN
Median Rent in Shelbyville, TN
Top 5 Reasons to Live in Shelbyville, TN
Very affordable housing market! With the average price of a home resting at about $90,000 compared to the Tennessee average of $138,000, Shelbyville offers some of the most affordable homes for sale in the area. The Fairline Estates neighborhood offers some of the best prices around the city, while those who are looking for a bit more land or even larger homes may find the Normandy neighborhood to be more to their liking. There are also rent to own homes available.
Rentals are readily available! With an average rental unit costing only $620 per month, it is easy to find an affordable rental in Shelbyville. Whether you are looking for apartments or houses for rent, the key is to know where to look. The Paddock Ridge Apartments are a great option if they have some units available. Alternatively, both Oak Hill Village and Ridges at Shelbyville are also great options.
Check out the local arts and entertainment scene! There are a wide variety of events and destinations around town to keep the local residents entertained. Those who are hoping to catch a good movie can check out the Capri Twin Theatre, which always has something interesting showing. If getting more involved in artistic expression is important, the Brandon Nancy June School of Dance helps keep residents active while teaching them new moves.
Breathe in the fresh air! One of the most important reasons to live in a smaller city is to have the ability to simply get out and enjoy nature. Fisherman's Park Dam is one local destination where residents can enjoy the natural environment. Additionally, Clearview Horse Farm offers horseback riding for both experienced riders and novices alike.
Enjoy the local cuisine! Pope's Cafe is a great place to grab breakfast around the city. When it comes time to sit back and enjoy a nice slice of pie, Bocelli Pizza and Pasta Shoppe is another local favorite.