Rent to own Homes in Springfield, TN
Situated in the heart of Robertson county in northern Tennessee, Springfield is a small town that's home to about 16,650 people. The area was founded in 1796 and it was named after James Robertson, the former leader of the Watauga and Cumberland settlements. The area was originally known for excellent whiskey production as well as booming tobacco industry. Today, the economy in Springfield is varied but citizens enjoy a quiet life in the lush, green hills of Tennessee.
Springfield, TN is a great place for affordable rent-to-own homes! With a median household income of over $48,420 and a median rent of $849, the Springfield, 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 Springfield, 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.
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Rent to own Homes in Cities Near Springfield, TN
- Antioch
- Arrington
- Ashland City
- Belle Meade
- Berry Hill
- Brentwood
- Castalian Springs
- Coopertown
- Cottontown
- Cross Plains
- Forest Hills
- Franklin
- Gallatin
- Gladeville
- Goodlettsville
- Graball
- Greenbrier
- Green Hill
- Hendersonville
- Hermitage
- Joelton
- Lakewood
- La Vergne
- Lebanon
- Madison
- Millersville
- Mount Juliet
- Nashville Davidson
- Nashville
- New Deal
- Nolensville
- Oak Hill
- Old Hickory
- Orlinda
- Portland
- Ridgetop
- Rural Hill
- Shackle Island
- Smyrna
- Springfield
- White House
- Whites Creek
Neighborhoods in Springfield, TN
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Springfield, TN is seeing rapid growth and Springfield, TN's' housing market remains optimal with an average home price that is -26% below the 2024 national average. Springfield, TN is part of Robertson 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 Robertson is 0.67% which is below the national average, which is 0.99%.
Median Home Price in Springfield, TN
Median Rent in Springfield, TN
Top 5 Reasons to Live in Springfield, TN
Living history! People who enjoy learning the historical details of their town live will enjoy living in Springfield. The town is home to the Roberston County Historical Society, which has a rich amount of local information about the area's founding and background. Just minutes away from the heart of town is the Goodlettsville Historic Mansker's Mansion, where visitors can see how residents lived in the past.
High Vacancy rates! The vacancy rate in Springfield is 10% and the annual residential turnover is 18%, which means that if you're looking for a place to rent, own, or rent to own in Springfield, there's a good chance you'll find it. If you want a home on one of the most popular streets in town, check out South Main Street, which has a good combination of businesses and residences. For something more remote, check out a residential street on the edge of town, like North Walnut Street, which borders the local fairgrounds.
Amenities at your Fingertips! There are lots of convenient shopping options in Goodlettsville, which makes living in town a breeze. For general groceries, locals visit H.G. Hill Food Stores; for more specialized food goods, you can visit the Mi Mexico Market.
Fitness frenzy! Many people in Springfield like to stay fit, and the town boasts a selection of gyms so that you can stay active whether it's a snowy winter day or there's 100% humidity. Some of the city's most popular fitness options include Get Fit Anytime and Cross Fit Lion's Den.
Luxurious living! People like to rent and own in Springfield, with about 47% of real estate owned and 43% rented. People have the opportunity to rent or buy homes that are luxurious and well-appointed. For some of the most desirable complexes in town, check out Legacy Village Apartments, which has its own pool for residents, or the Woodland Apartments, which are in a lush, green setting.