Cabot sits just north of Little Rock, and is an ideal home for people seeking out a small community. The city is also a good fit for homeowners looking for small town living near big city attractions. This suburban city saw its origins in the late 1800s, and has grown to become a hot spot for business of all kinds. Cabot is also home to an active community center, year round walking trail, and well manicured parks.
Cabot, AR is a great place for affordable rent-to-own homes! With a median household income of over $59,167 and a median rent of $858, the Cabot, 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 Cabot, 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.
Cabot, AR is seeing rapid growth and Cabot, AR's' housing market remains optimal with an average home price that is -25% below the 2022 national average. Cabot, AR is part of Lonoke 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 Lonoke is 0.58% which is below the national average, which is 0.99%.
Cabot, AR has a walk score of
Cabot, 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%.