Rent to own Homes in Biloxi, MS
Really low property taxes! Residents here pay about $960 annually for property taxes, which is a little over half of what people in the rest of the country tend to pay. If you want to buy a home here, check out homes for sale or rent to own houses in Cedar Lake or Wool Market.
Biloxi, MS is a great place for affordable rent-to-own homes! With a median household income of over $48,999 and a median rent of $865, the Biloxi, MS 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 Biloxi, MS. 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 Biloxi, MS Property Resources
Rent to own Homes in Cities Near Biloxi, MS
Popular Zip Codes in Biloxi, MS
39533 rent to own homes 39534 rent to own homes 39535 rent to own homes 39540 rent to own homes 39530 rent to own homes 39531 rent to own homesBuying a Home in Biloxi, MS
Biloxi, MS is seeing rapid growth and Biloxi, MS's' housing market remains optimal with an average home price that is -23% below the 2024 national average. Biloxi, MS is part of Harrison 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 Harrison is 0.58% which is below the national average, which is 0.99%.
Median Home Price in Biloxi, MS
Median Rent in Biloxi, MS
9 Reasons to Live in Biloxi, MS
Lots of renters! About 50% of the homes in Biloxi are renter occupied. This is about double the national average of renter-occupied properties, so if you plan to rent here, you will not be the only one. You can find rental homes and rent to own properties near Pass Road and Fernwood Road.
Plenty of vacancies! The vacancy rate is a pretty high 19.6%, which means you should be able to quickly find what you need. Whether you are looking for rental houses, homes for sale or rent to own homes, check out Porter Avenue and Irish Hill Drive.
Affordable housing costs! If you want to become a homeowner, Biloxi is the place to be. The median home value here is about $157,000, which is about $50,000 less than the national average. Start looking for homes for sale near Adams Avenue and Van Buren Avenue.
Great transportation options! If you bring a car to Biloxi, you will be using U.S. Highway 90 and Interstate 10 to get around. The Gulfport/Biloxi International Airport serves this area when it comes to air travel, while the Coast Transit Authority is in charge of the bus line here.
A variety of places to eat! Make sure you're hungry when you come to Biloxi, because there are lots of eateries here. Many of them focus on seafood due to the proximity to the ocean, so check out Half Shell Oyster House or Bonefish Grill if you like fish. Other options in Biloxi include RC Korean Restaurant, Jazzeppi's and Shady's New World Cuisine.
Resorts and casinos! If you're looking to gamble, watch shows or plan a staycation, you're in the right city because there are casinos and resorts galore. Just a few of them include Hard Rock Hotel and Casino, Golden Nugget Biloxi and Margaritaville Casino and Restaurant. Who needs Vegas when you live in Biloxi?
Edgewater Mall and more! If you like to shop, check out Edgewater Mall, which is home to Sears, Dillard's, JC Penney and numerous other major stores. You're also just a short drive away from Gulfport Premium Outlets.
Beaches! The ocean is a huge part of Biloxi, so don't forget to head to the beaches shortly after you move here. Go to Beach Boulevard and check out the many restaurants and shops located there, such as Shaggy's Biloxi Beach. If you want to take a peaceful walk or simply sunbathe, go west to Long Beach or Pass Christian.