Rent to own Homes in Center Point, AL
Center Point traces its roots back to 1816 when the first land grant was awarded to the Reed family. Real growth began in 1957, when a sustainable water supply was developed, and it officially became a city in 2002. Now its proud population of 16,864 residents, per the U.S. Census Bureau's 2013 estimate, can boast about projects like the 10-acre Reed-Harvey Park and historic homes preservation, a high quality of life and a strategic location giving it enormous opportunities for future growth.
Center Point, AL is a great place for affordable rent-to-own homes! With a median household income of over $45,221 and a median rent of $878, the Center Point, 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 Center Point, 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.
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Rent to own Homes in Cities Near Center Point, AL
- Adamsville
- Alabaster
- Argo
- Bessemer
- Birmingham
- Brantleyville
- Brighton
- Brook Highland
- Brookside
- Cardiff
- Center Point
- Chelsea
- Clay
- Columbiana
- Concord
- County Line
- Dora
- Dunnavant
- Edgewater
- Fairfield
- Forestdale
- Fultondale
- Gardendale
- Grayson Valley
- Graysville
- Harpersville
- Hayden
- Helena
- Highland Lakes
- Homewood
- Hoover
- Hueytown
- Indian Springs Village
- Irondale
- Kimberly
- Leeds
- Lipscomb
- Locust Fork
- Margaret
- Maytown
- McDonald Chapel
- Meadowbrook
- Midfield
- Minor
- Moody
- Morris
- Mountain Brook
- Mount Olive
- Mulga
- Oneonta
Popular Zip Codes in Center Point, AL
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Center Point, AL is seeing rapid growth and Center Point, AL's' housing market remains optimal with an average home price that is -54% below the 2023 national average. Center Point, 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 2023 for county Jefferson is 0.58% which is below the national average, which is 0.99%.
Median Home Price in Center Point, AL
Median Rent in Center Point, AL
Top 6 Reasons to Move to Center Point, AL
Get Fit in the Great Outdoors! A trail park along Five Mile Creek gives residents in the Barrington Circle neighborhood easy access to the water where large stepping stones make crossing easy. Across the creek is a half-mile graveled path. More outdoor fun is found at the 18-acre Reed Harvey Park with its three lakes and walking trails.
Enjoy the Community Spirit! The Center Point Women's Preservation Fall Festival is held annually at Reed Harvey Park. Benefit the community twice over by attending because the funds raised by the festival support the historic Philips-Patterson-Taylor historical home as a wedding house.
Rent an estate property! Over half of the city's homeowners have been in the same house for five years or more, but there is also a strong rental market with 31 percent of properties renter-occupied. Neighborhoods like Lakewood and Sun Valley have mostly single family residences so are great locations to find deals on rent to own homes.
Plenty of activities! Ruffner Mountain Nature Preserve is 7 miles away and easy to reach. The award-winning urban nature preserve is free and worth visiting again and again. After a nice 12-mile hike, the food will taste great at Exotic Wings & Things. Locals also frequently enjoy Green Acres Cafe and Panda Chinese Food.
Great Rental Options! Rental homes are extremely affordable in neighborhoods like Holiday Park Estates and Bridlewood Forest Estates. Three-bedroom homes are the most common houses for rent so renters get a lot of space for their buck. In fact, 80 percent of the homes in Bridlewood Forest Estates and over 76 percent of the homes in Holiday Park Estates have three to four bedrooms.
Hang Out with Friends! There are plenty of places to hang out with friends. The Center Point Farmer's Market offers deliciously fresh vegetables and fruits. In April, join family and friends at the Center Point Festival of the Springs and welcome the end of winter with open arms and great food.