Rent to own Homes in Albertville, AL
Located just outside the city limits of Huntsville, Albertville has a population estimated at 21,160. Originally an agricultural economy, Albertville is now home to the distribution center of several major businesses. With the economy showing signs of positive growth, more and more businesses like Newman Technology are relocating to the city because of the favorable real estate and corporate taxes. During the year, the city hosts a number of community events that range from an air show to a music festival.
Albertville, AL is a great place for affordable rent-to-own homes! With a median household income of over $51,095 and a median rent of $684, the Albertville, AL 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 Albertville, AL. 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 Albertville, AL Property Resources
Rent to own Homes in Cities Near Albertville, AL
- Arab
- Baileyton
- Brownsboro
- Estillfork
- Grant
- Guntersville
- Gurley
- Harvest
- Hazel Green
- Hollytree
- Huntsville
- Joppa
- Laceys Spring
- Madison
- Meridianville
- Moores Mill
- New Hope
- New Market
- Owens Cross Roads
- Paint Rock
- Pleasant Groves
- Princeton
- Redstone Arsenal
- Skyline
- Somerville
- Toney
- Trenton
- Triana
- Union Grove
- Valhermoso Springs
- Woodville
Neighborhoods in Albertville, AL
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Albertville, AL is seeing rapid growth and Albertville, AL's' housing market remains optimal with an average home price that is -42% below the 2024 national average. Albertville, AL is part of Marshall 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 Marshall is 0.38% which is below the national average, which is 0.99%.
Median Home Price in Albertville, AL
Median Rent in Albertville, AL
Top 5 Reasons to Live in Albertville, AL
A Thriving Local Economy! Numerous national businesses make their headquarters in the city of Albertville, including the Mueller Company, which is the largest producer of fire hydrants. Other companies based in the city that employ hundreds of local residents include Newman Technology and the Mitchell Grocery Corporation.
Home to Numerous Local Festivals! Every August, thousands of local residents and people from across the country flock to Albertville for the largest music festival in North Alabama. Held over two days, the event features numerous nationally recognized artists like the Zac Brown Band and Keith Urban, plus budding local stars. Home to a local aviation college, the city hosts an annual air show every September. Join friends and family in watching pilots conduct jaw dropping aerobatic tricks in the air.
Plenty of Things to Do! Pay tribute to the city's history with a visit to the Albertville Museum. Although the exhibits change every few months, the museum features artifacts and memorabilia dating back to the city's earliest existence in the 1800s. Enjoy a night out on the town with a delicious dinner from Sebastien's before you enjoy a decadent pastry from Albertville Home Bakery.
Rent at an All-Time Low! It has been more than 10 years since the median rent in Albertville was $650. With prices so low, now is the right time to look at a rent to own property in neighborhoods like Corbinville and Poplar Springs.
Large Number of Foreclosures! While no one wants to have their property foreclosed, another person's loss can be your gain. Albertville has a significant number of residents, 13.3%, that are behind on their mortgages. If these properties become foreclosed, it represents an opportunity to make an aggressive below market value offer. The neighborhoods of Saratoga and Martiar have the highest percentage of foreclosed properties.