Rent to own Homes in Auburn, AL
Live Music! Music is a tradition in Auburn and the live venues draw people from all over the region. Piccolo specializes in live jazz and unique cocktails. Bourbon Street Bar has three floors to explore with live music featured nightly on the ground level. The Overall Company features artisan coffee, wine, beer, and cheeses as well as live music.
Auburn, AL is a great place for affordable rent-to-own homes! With a median household income of over $49,028 and a median rent of $887, the Auburn, 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 Auburn, 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 Auburn, AL Property Resources
Rent to own Homes in Cities Near Auburn, AL
Neighborhoods in Auburn, AL
Shelton Park rent to own homes University Estates rent to own homes Harmon Estates rent to own homes Cloverleaf rent to own homes Wrights Mill Estates rent to own homes Cary Park rent to own homes Head Estates rent to own homes Asheton Lakes rent to own homes Windsor Forest rent to own homes Cary Woods rent to own homesPopular Zip Codes in Auburn, AL
36831 rent to own homes 36830 rent to own homes 36849 rent to own homesBuying a Home in Auburn, AL
Auburn, AL is seeing rapid growth and Auburn, AL's' housing market remains not optimal with an average home price that is 24% above the 2024 national average. Auburn, AL is part of Lee 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 Lee is 0.5% which is below the national average, which is 0.99%.
Median Home Price in Auburn, AL
Median Rent in Auburn, AL
Top 11 Reasons to Live in Auburn
Beautiful Neighborhoods! There are fourteen neighborhoods with rent to own properties in Auburn. Loachapoka is the largest neighborhood and has a large selection of moderately priced homes. North Auburn is a more exclusive neighborhood with friendly residents and a good selection of houses.
Explore History! There are many historic sites near the rent to own homes in Auburn. The Loachapoka Historic District is on the National Register of Historic Places and is home to numerous homes and a local museum.
Delicious Food! Acre uses fresh food from local orchards, farms, and gardens to create authentic southern cuisine. Maestro 2300 features Mediterranean favorites delivered in an old world atmosphere. Toomer's Drugstore has been a community favorite for more than a century and is still serving soda fountain specialties.
Retail Therapy! There are plenty of places to shop in Auburn. The Villager showcases regional artists the work in a variety of mediums including handblown glass, jewelry, paintings, and photography. Moxii has a collection of home goods and luxurious linens. The Village Mall has a huge selection of national and regional chain stores as well as a few local gems.
Convenient Location! The rent to own houses in Auburn are suitable for people who want to work in the area but they are also conveniently situated to Montgomery, Alabama, and Atlanta, Georgia. Montgomery is about half an hour west of Auburn on I85 and Atlanta is about an hour and a half east on the same highway.
Play Outdoors! Chewacla State Park is the destination for cyclists with 15 miles of track and options for experienced and beginning riders. There is also plenty to do off the bike, including hiking, swimming, boating, and camping. Town Creek Park is a 95 acre retreat that has walking and bike trails. The Louise Kreher Forest Ecology Preserve has 110 acres for guests to explore and features hiking trails, a reptile area, butterfly garden, and an orienteering course.
Play Indoors! When the weather isn't favorable for outdoor exploration, Auburn has plenty to keep you occupied inside. Uptown Art encourages friends to get together and explore their artistic side. The Sports Academy is an indoor sports extravaganza that has batting cages, pitching mounds, expert coaching and training. Cyberzone has lazer tag and a collection of retro arcade games.
A Great Investment! Housing prices reached historic lows and have only recently begun climbing again making now the best time to invest in the local rent to own house. The city population exceeds available properties and both population and home costs are forecast to rise in the coming years.
Annual Festivals! There are several festivals held throughout the year. The Auburn City Fest began in 2000 and continues to bring local artists, entertainers, and vendors together for a day of fun on the last Saturday of April. The annual Auburn Wine and Food Festival is held each year and brings the best regional wineries and gourmet food to attendees.
Safety First! Auburn is concerned with the safety of its residents. Violent crimes are a rare occurrence in the city and are lower than the state and national average. The Auburn Police Department hold a number of community events to reinforce safety such as the National Night OUT and the Citizen's Public Safety Academy.