Founded 110 years ago, Bessemer is well-recognized for having roots in the steel industry, which reached into the 20th century when the behemoth USS Steel came to town. Modern Bessemer with 27,053 residents has remade itself through economic diversification and has 13 industrial/business parks, three local golf courses, and fascinating retail stores like the Paisley Pig and United Textiles. The Chamber of Commerce claims everyone should eat at the Bob Sykes restaurant before dying because the food is that good!
Bessemer, AL is a great place for affordable rent-to-own homes! With a median household income of over $30,284 and a median rent of $764, the Bessemer, 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 Bessemer, 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.
Bessemer, AL is seeing rapid growth and Bessemer, AL's' housing market remains optimal with an average home price that is -54% below the 2022 national average. Bessemer, AL is part of Jefferson 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 2022 for county Jefferson is 0.58% which is below the national average, which is 0.99%.
Bessemer, AL has a walk score of
Bessemer, AL has a bike score of
The state tax rate is 2.0 to 5.0% on top of the federal tax rate of 10 to 37%.