Rent to own Homes in Mountain Brook, AL
Mountain Brook, AL is incredibly rich in natural resources with trees covering almost every open space. The shaded Southern streets are home to an impressive amount of shopping and dining, while Mountain Brook residents enjoy close proximity to Birmingham. A fairly young city, Mountain Brook was developed in 1929, and its beautiful layout can be accredited to sharing a planner and landscape architect with Central Park.
Mountain Brook, AL is a great place for affordable rent-to-own homes! With a median household income of over $152,646 and a median rent of $1,627, the Mountain Brook, 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 Mountain Brook, 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 Mountain Brook, AL Property Resources
Rent to own Homes in Cities Near Mountain Brook, AL
- Adamsville
- Alabaster
- Argo
- Bessemer
- Birmingham
- Brantleyville
- Brierfield
- Brighton
- Brook Highland
- Brookside
- Calera
- Center Point
- Chelsea
- Clay
- Columbiana
- Concord
- Dunnavant
- Eagle Point
- Edgewater
- Fairfield
- Forestdale
- Fultondale
- Grayson Valley
- Graysville
- Harpersville
- Helena
- Highland Lakes
- Hoover
- Hueytown
- Indian Springs Village
- Irondale
- Kimberly
- Lipscomb
- Midfield
- Montevallo
- Morris
- Mountain Brook
- Mount Olive
- North Johns
- Pea Ridge
- Pinson
- Quinton
- Shoal Creek
- Sylvan Springs
- Tarrant
- Trussville
- Vandiver
- West Jefferson
- Westover
- Wilton
Neighborhoods in Mountain Brook, AL
Cherokee Bend rent to own homes Mountain Brook rent to own homesBuying a Home in Mountain Brook, AL
Mountain Brook, AL is seeing rapid growth and Mountain Brook, AL's' housing market remains not optimal with an average home price that is 206% above the 2024 national average. Mountain Brook, 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 2024 for county Jefferson is 0.58% which is below the national average, which is 0.99%.
Median Home Price in Mountain Brook, AL
Median Rent in Mountain Brook, AL
Top 7 Reasons to Live in Mountain Brook, AL
Amazing location! Just over 5 miles from Birmingham, Mountain Brook residents can take a quick car ride on Alabama State Route 38 to enjoy all that Birmingham has to offer. Mountain Brook residents also have plenty to choose from in their own town, from the Emmet O'Neal Library to dining at Chez Lulu.
Beautiful scenery! Take in all that beautiful southern scenery around Mountain Brook by visiting any of the six local parks. Jemison Park not only has plants to appreciate, but also features a guide to all the birds found in the area. The Overton Park features walking paths. Drive over to the Birmingham Botanical Gardens to take in even more natural beauty.
Great rental market! Whether you're looking for a rent to own or traditional rental, the homes here reflect the swanky real estate market. Although over 80% of homes are owner occupied, renters do get to choose from 5-bedroom homes or luxury townhouses. Check out the Cherokee Ridge and Shook Hill Subdivisions' feature homes, which are seated on over 2 acre lots.
The shopping! Shopping districts in Mountain Brook are listed as villages; there are a total of five shopping villages, including Cahaba Village and the English Village. The area is also home to numerous boutiques and specialty shops, so you'll have no problem finding everything on your list.
Stay fit! From Villager Yoga to Balance Personal Training, there are plenty of fitness options around town.
Rising real estate values! In 2014, the median sale price for houses in Mountain Brook was $478,000 -- an increase of 12.5% from 2009 values. English Tudor is the common architectural style in this area; to find the best fit, buyers should consider what they want in a neighborhood. Golfers should look near the Mountain Brook Club, for example.
Take a walk! Mountain Brook has a Walkway Masterplan, which has trails throughout the city. Walking the trails offers routes from Battery Lane to Knollwood Drive. Those lucky enough to live near Lane Park Road can even walk over to the Birmingham Botanical Gardens.