Rent to own Homes in Millbrook, AL
Millbrook, Alabama, is located just 10 miles north of the state's capital, Montgomery. It's curiously located in two separate counties, Autauga and Elmore. The town's roots began forming in the 1700s, in an area famous for grand plantations, but it wasn't officially incorporated until 1977. Today, the total population in Millbrook was around 14,734 people. The city has plenty to keep its residents busy, but Montgomery and other large cities are also easily accessible via Interstate 65.
Millbrook, AL is a great place for affordable rent-to-own homes! With a median household income of over $56,722 and a median rent of $930, the Millbrook, 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 Millbrook, 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 Millbrook, AL Property Resources
Rent to own Homes in Cities Near Millbrook, AL
Neighborhoods in Millbrook, AL
Millbrook rent to own homesPopular Zip Codes in Millbrook, AL
36054 rent to own homesBuying a Home in Millbrook, AL
Millbrook, AL is seeing rapid growth and Millbrook, AL's' housing market remains optimal with an average home price that is -28% below the 2024 national average. Millbrook, AL is part of Elmore 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 Elmore is 0.27% which is below the national average, which is 0.99%.
Median Home Price in Millbrook, AL
Median Rent in Millbrook, AL
Top 5 Reasons to Live in Millbrook, AL
Tons of outdoor activities! If you love the peace and quiet of the great outdoors, Millbrook is the place to go. Golfers will enjoy a round of 18 holes at The Pines golf course. There are also numerous parks in the area, including Robinson Springs, which has an underground spring and fountain. You can rent a pavilion at Legacy Park and Village Green, both of which feature walking trails and recreational areas. Village Green also has a covered stage, gazebo, and open outdoor area for community fairs, concerts, and private events.
Get back to nature! Millbrook is also home to the Alabama Wildlife Federation's headquarters, named Lanark. This conservation organization is located on over 300 acres of estate. Lanark offers rentals for weddings and other events, tours of the antebellum home located on property, and an enclosed formal garden--all in a beautiful setting. Millbrook also has two rivers, the Coosa and the Alabama, bordering the eastern side of the city. Folks in town love fishing, kayaking, and canoeing here.
Affordable rental options! If you're looking for a rental home, Millbrook has plenty available for an affordable price. Most three-bedroom houses in the area run between $900 and $1,200 per month. You can also find an apartment at the Crossings of Millbrook Apartment complex. If you'd prefer to be near water, look for a rent to own home on River Farms Lane.
Tons of homes for sale near shopping and dining! Millbrook has a bustling economy with plenty of shopping and dining options. Homes in the area are affordable, too. A three-bedroom, two-bathroom house can easily be found for under $125,000. Look for one near Cobbs Ford Road or Main Street to be near local shops and restaurants.
Shopping and dining galore! There are tons of shops and eateries in Millbrook. The Studio is a charming boutique offering home furnishings, women's apparel and more. When you're done shopping, head to The Catfish House, one of the highest ranked restaurants in town, according to TripAdvisor. This place has a huge menu full of seafood and other options, but it's best known for catfish, of course.