Rent to own Homes in New Iberia, LA
The city of New Iberia dates back to the late 18th century, when Spanish colonists started to develop the land. Originally called Nuevo Iberia and then Nova Iberia, the meaning remains the same today: the new Spanish peninsula. In 1868, New Iberia became the seat of the local parish government. Throughout the city and adjacent land, interesting bits and pieces of history remain.
New Iberia, LA is a great place for affordable rent-to-own homes! With a median household income of over $43,938 and a median rent of $794, the New Iberia, LA 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 New Iberia, LA. 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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7 Great Reasons to Live in New Iberia, Louisiana
The Jungle Gardens! This 170-acre bird sanctuary and botanical garden spot is beloved by the locals and for good reason! The gardens' original builder, Edward Avery McIlhenny, used the special sanctuary, Bird City, to hand-raise snowy egrets. After releasing the birds to the wild, they returned every year and their descendants are still found here today! Visitors also enjoy the Chinese Garden and the 12th century Buddha statue on site.
The Louisiana Sugar Cane Festival! New Iberia plays host to the Louisiana Sugar Cane Festival every September. Sugar cane is a common crop for New Iberian farmers, who participate in the regular Teche Area Farmers' Market. The local Bayou Teche Museum tells the history of New Iberia - including its close relationship with sugar cane - through artifacts, artworks and historical documents.
Affordable Rental Properties! Whether you are looking for a semi-isolated three-bedroom home along Dillard Street or a well-maintained rental apartment along the Old Spanish Trail, New Iberia has some great properties with truly affordable rental costs. You'll be able to find a three-bedroom home for rent for as low as $650!
Affordable Homes for Sale and Rent to Own! Houses near Lake Peigneur tend to be a bit less expensive than those near Sediment Pond, but whatever your budget, you'll find a great property here. Homes range in price from about $125,000 to $650,000.
The World Championship Gumbo Cook-Off! Every October, the Greater Iberia Chamber of Commerce hosts this three-day feast on Main Street. Drop by for some intense flavors, local performances and contests!
Yuletide on the Bayou! The second Saturday each December is time for Christmas celebrations, New Iberia style. At Bouligny Plaza, the local Girl Scouts and Pines to the Gulf get together to make beautiful, creative gingerbread houses. Stop by for some treats! During the Christmas season, you can also take part in the Christmas Tour of Homes.
Mardi Gras! New Iberia is proud to join in with other Louisiana towns and cities in the annual celebration of Mardi Gras. Though it was founded by Spaniards, this city eventually became home to French Acadians who founded traditions such as the Mardi Gras Parade and festive balls at Shadows on the Teche. Shadows on the Teche is a great old mansion, formally listed as a National Trust Historic Site.