Rent to own Homes in Colonial Heights, VA
This Virginia city has a population of just over 17,000 and is a part of the greater Richmond Metro area. Once a part of the Virginia Colony, the area is named from the advancement of French troops known as the Colonials during the American Revolution. While the area is steeped in history, it's also home to another attraction-the largest Arby's restaurant, not just in Virginia, but in the world. Now that's a whopper.
Colonial Heights, VA is a great place for affordable rent-to-own homes! With a median household income of over $60,522 and a median rent of $1,034, the Colonial Heights, VA 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 Colonial Heights, VA. 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 Colonial Heights, VA Property Resources
Rent to own Homes in Cities Near Colonial Heights, VA
- Ashland
- Bellwood
- Bensley
- Bon Air
- Brandermill
- Chamberlayne
- Chester
- Chesterfield
- Church Road
- Colonial Heights
- Dinwiddie
- Disputanta
- Doswell
- Dumbarton
- East Highland Park
- Enon
- Ettrick
- Ford
- Fort Lee
- Glen Allen
- Hanover
- Henrico
- Highland Springs
- Hopewell
- Innsbrook
- Lakeside
- Laurel
- Manakin Sabot
- Manchester
- Manquin
- Matoaca
- Meadowbrook
- Mechanicsville
- Midlothian
- Montpelier
- Montrose
- Moseley
- Petersburg
- Powhatan
- Prince George
- Providence Forge
- Quinton
- Richmond
- Rockville
- Rockwood
- Sandston
- Short Pump
- Sutherland
- Tuckahoe
- Wyndham
Neighborhoods in Colonial Heights, VA
Westover Snead rent to own homes Violet Bank Flora Hill rent to own homes Shepherd Stadium rent to own homes Lakeview rent to own homes Toll House rent to own homes Colonial Heights rent to own homes Fort Clifton rent to own homes Ellerslie rent to own homes Sherwood Hills rent to own homes Mount Pleasant Southpark rent to own homesPopular Zip Codes in Colonial Heights, VA
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Median Rent in Colonial Heights, VA
Top 6 Reasons to Live in Colonial Heights, VA
Historic heritage! Colonial Heights not only figured prominently in the Revolutionary War, it's the site of several spots on the National Register of Historic Places. Included are the Swift Creek Mill, believed to be the oldest grist mill in the U.S., and Violet Bank Museum, an historic home that serves as a great example of Federal design and is also a Virginia Historic Landmark.
Good real estate value! A rent to own home is a relative bargain in the center of this community, with costs averaging less that 80.2% of other Virginia neighborhoods and 61.6% of nationwide communities for buyers--68% less in terms of rental values. Enjoy living close to the banks of the lovely Appomattox River or the green space of Ettrick Park.
Ample vacancies! Whether you're looking for a single family home or an apartment complex, the city center has a vacancy rate of 17.4%, which makes the search a little easier. In the Conduit Road area, there are fewer properties available near busy Southpark Mall, but searching out a property in the neighborhood you'll find single family homes and town homes to choose from.
Parks and views! Enjoy the small lake at Appamatuck Park near the river, or go bird watching along the pleasant Fleets Branch stream. It's hard to believe this attractive area is adjacent to I-95, which allows easy commuting into Richmond and throughout the state.
Shopping! Southpark Mall is the location for major national stores and boutique shops, as well as the Regal Southpark Stadium 16. After a movie, grab some chocolate chip pancakes at the IHOP at the mall.
Dining delights! There are chain options like Olive Garden, but there's so much more to nosh on in Colonial Heights. Captain Tom's seafood offers a local fresh catch of the day, and Vincenzo's Italian is joined by Koreana for Korean cuisine, in the delightful ethnic eatery category.