A city first established as a summer resort town that has now evolved into more of a retirement community, Bella Vista has grown tremendously over the years. With a 60% growth in population between 2000 and 2010, iT's no surprise why the city appeals to people. With a rich natural environment allowing for lots of outdoor activities, and lots of ways to stay entertained with a golf course and several lakes for fishing, there is no shortage of things you can do.
Bella Vista, AR is a great place for affordable rent-to-own homes! With a median household income of over $71,258 and a median rent of $959, the Bella Vista, AR 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 Bella Vista, AR. 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.
Bella Vista, AR is seeing rapid growth and Bella Vista, AR's' housing market remains optimal with an average home price that is -20% below the 2022 national average. Bella Vista, AR is part of Benton 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 Benton is 0.6% which is below the national average, which is 0.99%.
Bella Vista, AR has a walk score of
Bella Vista, AR has a bike score of
The state tax rate is 2.0 to 5.5% on top of the federal tax rate of 10 to 37%.