Rent to own Homes in Suffolk, VA

Encompassing 429.1 square miles of gorgeous Virginia countryside, Suffolk is the largest independent city in the entire nation. With a population of 86,463 people, Suffolk is divided into seven distinct boroughs: Chuckatuck, Cypress, Holy Neck, Nansemond, Sleepy Hole, Suffolk and Whaleyville. Founded by English colonists in 1742, Suffolk has been host to many different types of businesses and industries over its long and historic past. From Planter's Peanuts to Lockheed Martin, Suffolk has the educated workforce needed to support such industries and help them to succeed.

Suffolk, VA is a great place for affordable rent-to-own homes! With a median household income of over $79,899 and a median rent of $1,231, the Suffolk, 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 Suffolk, 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.