Phenix City has grown in popularity since its debut as the face of Russell County. Phenix City is quite close to the western part of Columbus, GA, so it's often known as the hub of the area. Businessweek named Phenix City as the most affordable in the county. This, in part, is due to the abundance of homes, great job opportunities and inexpensive real estate investments here. The climate of Phenix City is warm and precipitation is well-distributed throughout the year.
Phenix City, AL is a great place for affordable rent-to-own homes! With a median household income of over $41,842 and a median rent of $822, the Phenix City, 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 Phenix City, 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.
Phenix City, AL is seeing rapid growth and Phenix City, AL's' housing market remains optimal with an average home price that is -40% below the 2022 national average. Phenix City, AL is part of Russell 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 Russell is 0.44% which is below the national average, which is 0.99%.
Phenix City, AL has a walk score of
Phenix City, 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%.