Rent to own Homes in Hampton, VA

On the southeastern end of the Virginia peninsula sits the city of Hampton. The population of Hampton is currently at 138,848, according to the 2012 US Census. Hampton was settled by colonists long ago in 1610, then incorporated as a town in 1705 and finally incorporated as a city in 1849. The 20th century has brought some of the country's most prestigious institutions to Hampton, such as the Virginia Air and Space Center, Langley Air Force Base and the NASA Langley Research Center. Not only does this wonderful city house some of the most dedicated companies and institutions in the country, but there are miles and miles of beaches and waterfront property to walk along and sunbathe on, depending on the time of year.

Hampton, VA is a great place for affordable rent-to-own homes! With a median household income of over $57,041 and a median rent of $1,115, the Hampton, 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 Hampton, 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.