Rent to Own Homes in Prattville, AL
Prattville, Alabama was formerly also known as "The Fountain City" because of the abundance of artesian wells in the area. With a population of nearly 34,000, it's small-town living at its finest while lying just northwest of the big city of Montgomery. Originally Prattville was a cotton gin town designed to use the Autauga Creek for power, and presently hosts several historic sites that are listed on the National Register of Historic Places.
Prattville, AL is a great place for affordable rent-to-own homes! With a median household income of over $64,613 and a median rent of $1,084, the Prattville, 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 Prattville, 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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Prattville, AL is seeing rapid growth and Prattville, AL's' housing market remains optimal with an average home price that is -22% below the 2022 national average. Prattville, AL is part of Autauga 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 Autauga is 0.27% which is below the national average, which is 0.99%.
Median Home Price in Prattville, AL
Median Rent in Prattville, AL
7 Reasons to Live in Prattville, AL
World-class golf courses! Capitol Hill boasts the famous RTJ Golf course, and it's been called one of the 10 best courses in America, which could explain why it hosts the U.S. Open. It features an 18-hole champion course and 1500 acres of extraordinary scenery, as well as an excellent dining facility nearby at the Montgomery Marriott Prattville Hotel!
Prattaugan Museum boasts history! For those historians who love southern history, this museum and heritage center can excite genealogists and those interested in historical houses. The 1840 revival house, which was built in Greek revival style, featured on the museum grounds displays the history of early Prattville, and the Pratt family in particular. Visit the nearby Heritage Center to view artifacts like old newspapers, books and important records.
Historic gin mill nearby! Sitting along the Autauga Creek is the Continental Eagle Gin Corporation - Prattville's original cotton gin, and a major center of local trade in 1830. Profits from this gin were the largest in the world, as it filled orders from Russia, Britain, South America and Europe. The town of Prattville was built around this cotton gin. Once you've checked it out, scope out Heritage Park across the way -- it's a nice place to unwind and soak in the view of the incredible factory.
Prattville Pickers offers shopping oasis! A 100,000-square-foot mall that includes antiques, household items, fresh foods, a farmer's market and collectibles is every shopper's dream come true. More than 200 vendors occupy this wonderful shopping venue, including CT Farmers, Barber's homemade ice cream and other assorted vendors.
Prattville paddlesports are all the rage! Kayaking and canoeing on the Autauga Creek in Prattville is a favorite local athletic activity. Choose from single or double kayaks, grab a group of friends for a long trip down the creek, and get picked up at the end of the trip! Or visit Canoe Trail Fun Run, for canoeing, kayaking or paddle boating!
Inexpensive real estate to pick from! Sales prices in Prattville have declined 4.3 percent in the latter part of 2014, which means that real estate is affordable! The average listing price is $184,243. Different areas are higher, so look for a rent to own or a bank owned rental house for the best deal. There are excellent real estate offices in and around Prattville, such as Keller Williams Realty, who specialize in ranches and farms, or House and Home Realty, who are extremely familiar with the area!
Affordable housing rentals abound! In Prattville, a 1200 square foot single family home is running around $900 and up! A four bedroom, two bath home with 1,414 square feet runs around $1,050 per month. There are ample property managers to help you find the perfect place, such as Southern Star Property Management, and Glenn Properties, LLC who manage homes, apartments, and condos in the area!
Prattville, AL Frequently Asked Questions
Prattville, AL has a walk score of
Prattville, 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%.