Rent to own Homes in Searcy, AR
Searcy is the largest city in White County, Arkansas with a growing population of 23,000. Because the city is home to two universities, the population is significantly larger during the school year. However, the rise in population has had a positive impact on the local community, which can be seen in the boon to the city's economy, the inflation of the housing market and newly established facilities, like the Harding University Theater. The city strives to create an exciting atmosphere for all residents by hosting numerous events throughout the year.
Searcy, AR is a great place for affordable rent-to-own homes! With a median household income of over $39,650 and a median rent of $714, the Searcy, 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 Searcy, 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.
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Rent to own Homes in Cities Near Searcy, AR
Neighborhoods in Searcy, AR
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72149 rent to own homes 72145 rent to own homes 72143 rent to own homesBuying a Home in Searcy, AR
Searcy, AR is seeing rapid growth and Searcy, AR's' housing market remains optimal with an average home price that is -33% below the 2024 national average. Searcy, AR is part of White 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 White is 0.51% which is below the national average, which is 0.99%.
Median Home Price in Searcy, AR
Median Rent in Searcy, AR
Top 5 Reasons to Live in Searcy, AR
Numerous community events! Hundreds of residents flock to Courthouse Square on the first Saturday of December for the Searcy Holiday of Lights Christmas Parade. The town invites residents and businesses to enter a Christmas themed float into the parade to usher in the holiday season. In September, the annual White County Fair celebrates the city with live music, local vendors and exciting events for local residents.
Great hiking and fishing! Searcy is home to more than 10 parks that encompass over 1,000 acres of open land. Head to Riverside Park for swimming during the heat of the summer or catch your dinner of delicious river trout at the Mossy Bluff National Natural Trail.
Excellent restaurants! Start your morning off on the right foot with a steaming cup of freshly brewed coffee and a homemade muffin from the Midnight Oil Coffee House. The free wi-fi and outdoor seating make this the ideal place to relax and get work done. For dessert, head to the FroYo Factory for the best frozen yogurt in the state. Try one of the FroYo Factory's traditional flavors like mint chocolate chip or create your own mix from more than 30 flavors and 50 toppings.
Growing number of homes on the market! The number of homes listed for sale in Searcy has increased nearly 50% in a year from 270 to 470 single family homes for sale. Because of the large number of homes for sale, homeowners are more motivated to sell with 32.2% taking an offer below list. Take advantage of a buyer's market by looking at rent to own homes in areas like Kensett or Fourmile Hill.
Affordable rent! Buyers new to the area may want to consider renting a home in Searcy before making the decision to buy. You can take advantage of historically low rent prices at a median cost of just $525 in a neighborhood like the City Center or Harding University.