Scottsboro, Alabama, is located just 30 miles from both the Tennessee and Georgia state lines. The city was founded by Robert Scott, an Alabama politician who was looking for a bit of land to call his own. Scottsboro encompasses a total area of 51.7 square miles and had a population of 14,770 at the 2010 census. Residents originally dubbed the area Crow Town, then Scottsville, Scott's Mill, and Sage Town. In 1870, the city was finally incorporated as Scottsboro, a name it holds to this day.
Scottsboro, AL is a great place for affordable rent-to-own homes! With a median household income of over $43,713 and a median rent of $584, the Scottsboro, 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 Scottsboro, 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.
Scottsboro, AL is seeing rapid growth and Scottsboro, AL's' housing market remains optimal with an average home price that is -44% below the 2022 national average. Scottsboro, AL is part of Jackson 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 Jackson is 0.31% which is below the national average, which is 0.99%.
Scottsboro, AL has a walk score of
Scottsboro, 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%.