Rent to Own Homes near Tuscaloosa, AL

  • The University of Alabama is the centerpiece of Tuscaloosa, and the football team is the city's pride and joy. However, there is more to Tuscaloosa than football, even if it's hard to tell every fall. This is a prosperous city of approximately 93,000 people. Tuscaloosa has a quaint downtown area with some buildings built in the late 1800s, and plenty of restaurants and pubs. Most of the retail and commercial businesses are found along McFarland Boulevard, which runs the length of the city. A couple of years ago the city built the outdoor Tuscaloosa Amphitheater which attracts big name acts. There is the award-winning Children's Hands-On Museum and the Paul W. Bryant Museum located on the campus. Recently, a number of large apartment complexes were developed to accommodate the growing campus population, making it easy to find rental properties.

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  • Housing Statistics As would be expected in a city hosting a large university, over half (52 percent) of the properties are renter occupied, making it easy to find rent to own houses. There is also a high vacancy rate of over 22 percent for the same reason. However, the owner occupied residences are stable, and there is a large selection in every price range. 48 percent of the homes are owner occupied. That is due to the fact that Tuscaloosa is a mix of old and new developments. The median home value is approximately $150,000-$160,000, and the median price for a monthly rental is $525. Newer apartments will cost more to rent, of course. There are usually 500-600 properties for sale at any time and approximately 3,000 houses and condominiums are sold each year. The median sales price is $129,000. The annual turnover for homes is approximately 25 percent, but the fact it is higher than the national average is due to it being a university town.
  • Employment Opportunities According to the Tuscaloosa Chamber of Commerce, the largest employer in Tuscaloosa is the University of Alabama with over 8,000 employees. The higher education industry also includes Stillman College and Shelton State Community College. The next largest employer is DCH Regional Medical Center, which is centrally located close to the city center and the University of Alabama. The medical center employs approximately 3,500 people. Another major health employer is the Veterans Administration Hospital, which employs 1,126 people. Other major employers include the BF Goodrich Tire Manufacturing plant with 1,400 people, the City Board of Education with 1,354 people, and the City of Tuscaloosa with 950 people. These numbers fluctuate, but this gives you a good idea of the size of the major employers.
  • Arts and Culture All through the year there are artistic and cultural events. The historic Bama Theater, opened in 1938, hosts old film series, concerts and music performances. Nearby, the Tuscaloosa Arts Council is restoring another historic building and developing the Dinah Washington Cultural Arts Center. Theatre Tuscaloosa, now working in cooperation with Shelton State Community College, has been offering performances for over 40 years. The Tuscaloosa Amphitheater holds attracts big-name celebrities like Rascal Flatts, Willie Nelson, the Backstreet Boys and Widespread Panic.
  • Neighborhoods Tuscaloosa is a city where most neighborhoods can be considered close by. Even the most northern and southern sections require only a 15 to 30 minute commute to downtown Tuscaloosa or the University of Alabama. The following are some of the main areas where year-round residents and students live: