Rent to own Homes in Damascus, AR
Damascus, AR is a great place for affordable rent-to-own homes! With a median household income of over $52,969 and a median rent of $795, the Damascus, 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 Damascus, 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.
More Damascus, AR Property Resources
Rent to own Homes in Cities Near Damascus, AR
- Bee Branch
- Center Ridge
- Cleveland
- Clinton
- Conway
- Damascus
- Dennard
- Drasco
- Edgemont
- Enola
- Fairfield Bay
- Fox
- Greenbrier
- Greers Ferry
- Guy
- Hattieville
- Heber Springs
- Higden
- Holland
- Jerusalem
- Menifee
- Mount Vernon
- Plumerville
- Prim
- Quitman
- Rose Bud
- Scotland
- Shirley
- Solgohachia
- Springfield
- Twin Groves
- Wooster
Neighborhoods in Damascus, AR
No neighborhoods foundPopular Zip Codes in Damascus, AR
72039 rent to own homesBuying a Home in Damascus, AR
Damascus, AR is seeing rapid growth and Damascus, AR's' housing market remains optimal with an average home price that is -46% below the 2024 national average. Damascus, AR is part of Van Buren 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 2024 for county Van Buren is 0.51% which is below the national average, which is 0.99%.