Rent to own Homes in Paragould, AR
With over 26,000 residents, Paragould is the 19th largest city in Arkansas. Located on Crowley's Ridge in the northeastern part of the state, Paragould is rich with history. It was named after the two competing railroads in the area; J.W. Paramore and Jay Gould. Due to this strange naming convention, the residents of Paragould believe that it is the only city with this name in the entire world, something that makes it truly unique.
Paragould, AR is a great place for affordable rent-to-own homes! With a median household income of over $48,276 and a median rent of $736, the Paragould, 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 Paragould, 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 Paragould, AR Property Resources
Rent to own Homes in Cities Near Paragould, AR
Neighborhoods in Paragould, AR
No neighborhoods foundPopular Zip Codes in Paragould, AR
72450 rent to own homesBuying a Home in Paragould, AR
Paragould, AR is seeing rapid growth and Paragould, AR's' housing market remains optimal with an average home price that is -37% below the 2024 national average. Paragould, AR is part of Greene 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 Greene is 0.53% which is below the national average, which is 0.99%.
Median Home Price in Paragould, AR
Median Rent in Paragould, AR
Top 5 Reasons to Live in Paragould, Arkansas
Enjoy the beautiful parks! Like most cities of its size, Paragould puts a lot of emphasis on developing a strong community. As part of this commitment, the Paragould Parks and Recreation Department puts a lot of effort in maintaining parks for their residents to enjoy. The Paragould Community Center offers an outdoor water park. Residents can also visit Crowley's Ridge State Park to enjoy trails and camping areas.
Get your fill of art and entertainment! One of the most important things to do when living in a city is to find the available options for entertainment. The old Collins Theatre in Paragould offers live theater events throughout the year. If you are looking to explore Paragould's history, visit the Greene County Museum for a look into the area's past.
Extremely low rental rates! Pricing of rentals in Paragould, Arkansas is well below the national average. The average cost of renting an apartment in Paragould is only $615 per month, making it much more affordable than many other areas nationwide. Many new residents check out the Chateau on the Ridge for great apartment values. Alternatively, Paragould Terrace Apartments is another great option. Private rental homes are also available, with equally reasonable rental price-tags.
Inexpensive real estate prices! If you are looking for a more permanent residence, the average cost of homes for sale in Paragould is also lower than the national average. In fact, the average single family home in Paragould costs $115,000. If you are looking for rent to own options, they are available for reasonable rates as well. If you're looking to shop on the lower end of the price spectrum, the Unity neighborhood is the perfect place to look. The Rock Hill neighborhood offers some of the best values in town.
A rich history to explore! With a city as old as Paragould, there are always great stories to be told. The historic Greene County Courthouse was constructed in 1888 and now houses the local Chamber of Commerce. Additionally, Main Street Paragould offers residents and visitors a look back at what life in historic Paragould would have been like.