Rent to own Homes in Albany, GA
As the eighth largest city in Georgia, Albany punches well above its weight when it comes to things to see and do, thanks to its rich history and the fascinating, talented people who have called it home. Albany's best known son is probably Ray Charles (honored at the Ray Charles Plaza), but the city has also produced sporting heroes such as Olympic high jump champion Alice Coachman, the first black woman to win an Olympic gold medal. Then there's Radium Springs, one of the 'Seven Natural Wonders of Georgia', so called because of the trace amounts of radium that flows through the water. Yep, there's definitely something in the water around Albany, Georgia!
Albany, GA is a great place for affordable rent-to-own homes! With a median household income of over $38,826 and a median rent of $766, the Albany, GA 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 Albany, GA. 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 Albany, GA
Neighborhoods in Albany, GA
Winterwood rent to own homes Downtown Albany rent to own homes Albany State University rent to own homes Brook Hollow Cedar Lake rent to own homes Palmyra Heights rent to own homes Slappey Area South rent to own homes Riverfront Park rent to own homes Jackson Heights rent to own homes Radium Springs rent to own homes Dixie Heights rent to own homesPopular Zip Codes in Albany, GA
31702 rent to own homes 31703 rent to own homes 31706 rent to own homes 31708 rent to own homes 31701 rent to own homes 31707 rent to own homesBuying a Home in Albany, GA
Albany, GA is seeing rapid growth and Albany, GA's' housing market remains optimal with an average home price that is -54% below the 2024 national average. Albany, GA is part of Dougherty 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 Dougherty is 1.11% which is above the national average, which is 0.99%.
Median Home Price in Albany, GA
Median Rent in Albany, GA
Top Reasons to Live in Albany GA
Housing Statistics This is a good time as any to invest in Albany real estate as the median sales price of homes in the city has fallen slightly over the last year to $96,544 (May-July 2013). The number of sales also went down, by 32.3%, to 130, which could give you leverage when negotiating with home owners. Albany is also a good place to look for rent to own houses as 39% of homes are already renter occupied and 9% vacant, while there is a reasonable 16% residential turnover rate.
Weather and Climate Like the rest of the state, Albany has warm, humid summers and mild to cool winters. Its southerly position means that snow isn't a word your typical Albany resident is familiar with (unless it comes in a cone and is doused in delicious, gooey strawberry syrup!). The city does enjoy its fair share of rainfall - around 53.4 inches a year with January and June being the wettest months. While a tornado damaged the city in 2003, extreme weather is generally more of a risk closer to the coastline.
Largest Employers and Industries Despite the abundance of plantations and farms that surround Albany, very few people in the city work in agriculture. Instead, the major industries are healthcare, defence and education with the City of Albany, Dougherty County and Marine Corps Logistics Base providing employment to a great deal of its residents. Manufacturing and retail are also important to the local economy with private companies such as the Miller Brewing Company and Procter & Gamble employing plenty of people in the area.
Tourist Attractions Albany played an important part in the civil rights movement, which is evident from its many historical landmarks and monuments. You can find the Albany Civil Rights Movement Memorial at the corner of Jackson and Whitney, while a trek up to the Albany Civil Rights Institute is a must for any civil rights history buff. Veterans are honored at the iconic Veterans Park, Vietnam War Memorial and Freedom Flame. If you're after something a bit more lighthearted, you'll love taking a stroll through the Flint Riverquarium, which is home to over 100 species of water-loving animals such as snapping turtles, Atlantic sturgeons, and night-herons.
Nightlife A lot of dance clubs closed down in the last few years because of the economy but there are still ways to keep yourself entertained once night falls. You can enjoy cocktails during a live jazz show at the Eclipse Club on W Broad Ave in Downtown Albany, or head over to Harvest Moon and The Cask and Kilt on Dawson Road for a more casual night in town with the locals.