Rent to own Homes in Nicholasville, KY
Home to a thriving community of almost 30,000 people, Nicholasville lies within Kentucky's Jessamine County. The city serves as one of the state's central shopping and employment areas, although it is perhaps best known as the host of the Kentucky Wine & Vine Fest. There's plenty more to enjoy: affordable homes, a low cost of living, stunning natural spaces, tempting local eateries, fascinating cultural destinations and popular sporting attractions all add to the city's appeal.
Nicholasville, KY is a great place for affordable rent-to-own homes! With a median household income of over $54,575 and a median rent of $801, the Nicholasville, KY 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 Nicholasville, KY. 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 Nicholasville, KY
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Brannon Crossing rent to own homesBuying a Home in Nicholasville, KY
Nicholasville, KY is seeing rapid growth and Nicholasville, KY's' housing market remains optimal with an average home price that is -31% below the 2024 national average. Nicholasville, KY is part of Jessamine 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 Jessamine is 0.84% which is below the national average, which is 0.99%.
Median Home Price in Nicholasville, KY
Median Rent in Nicholasville, KY
Top 7 Reasons to Live in Nicholasville, KY
Affordable living! Home prices in Kentucky are relatively affordable compared to the rest of the country, and Nicholasville's median home price is more than 23 percent less than the national average. If you are looking at homes for rent, you can expect to pay around $743 a month. A cost of living that's lower than average means you'll have plenty of your budget left to enjoy local attractions such as the Riney B Aquatic Center and Chrisman Mill Vineyards and Winery.
Stunning outdoor spaces! City/County Community Park offers grills and sports courts, while Lake Mingo/Corman Park is ideal for a spot of fishing. Hiking opportunities include the Kentucky River Palisades Trail and the Raven Run Nature Sanctuary Trail.
Accessible homes! Don't fret about finding the ideal place to call home; the six percent vacancy rate means you'll have plenty to choose from. Explore rent to own homes and traditional rentals in neighborhoods like Keene/Dixon Town, Vineyard and the City Center.
Delicious dining options! Experience bluegrass hospitality in an array of city eateries. Grab a slice at Copper River Grill or treat yourself to French macaroons at the European Delight Bakery. The Asuka Grill offers traditional Teppanyaki, while Firehouse Subs is the perfect pit stop for lunch.
Unique cultural attractions! Explore Camp Nelson Civil War Heritage Park or visit the Greek revival home and plantation at the Waveland State Historic Site. Other notable sites include the Old Jessamine County Jail and Asbury Theological Seminary.
Varied job prospects and short commutes! Unemployment rates in Nicholasville have shown a steady decline since 2009. Major area employers, including Alltech and the businesses based in the Enterprise Industrial Park, mean that more than 85 percent of residents face a commute of 45 minutes or less.
Great for sports fans! Check out the Kentucky Pro Football Hall of Fame or head to the Commonwealth Stadium in neighboring Lexington. For horse racing enthusiasts, the famous Churchill Downs, home of the Kentucky Derby, is just 90 minutes away by road.