Rent to own Homes in Brandon, MS
Brandon is the county seat of Rankin County, Mississippi. With a population size of 16,436, the city has a great small town feel but has the added benefits of a large city lifestyle due to its proximity to Jackson. Full of history and culture, Brandon has several structures on the Natural Register of Historic Places. Brandon prides itself on its small community feel and is a great place to visit or make a home.
Brandon, MS is a great place for affordable rent-to-own homes! With a median household income of over $80,924 and a median rent of $981, the Brandon, 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 Brandon, 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.
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Brandon, MS is seeing rapid growth and Brandon, MS's' housing market remains optimal with an average home price that is -7% below the 2024 national average. Brandon, MS is part of Rankin 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 Rankin is 0.56% which is below the national average, which is 0.99%.
Median Home Price in Brandon, MS
Median Rent in Brandon, MS
Top 4 Reasons to Live in Brandon, MS
Culture and entertainment! If you are looking for a great night out, stop by the Black Rose Theatre Company on 103 Black Street. Founded in 1991, the theatre sits in the heart of the city and has committed itself to bringing culture to Brandon since its first production of The Night of January 16th, by Ayn Rand. Get your season tickets and experience all it has to offer. You can also stop by the Daily Maid Donut Shop for dessert on your way home.
Great rental opportunities! With a welcoming 26 percent of renters living in the city, finding a place to rent short-term or rent to own is possible and affordable in Brandon. The average rent in the city is hovering around $851 a month. For a place to buy or rent, try the neighborhoods of Route 25, Langford, City Center, and Fannin.
Rich in history! With many buildings on the National Register of Historic Places, Brandon has proven itself to be a city that prides itself on its history. A few places to check out are: the Hebron Academy, also known as the Rock Hill School, built in 1860; the Sevens-Buchanan House, also known as The Magnolias, built in 1868 in a Greek-revival style; and the Cocke-Martin-Jackson House, built in 1858. Take a drive around the city and experience it for yourself.
Appreciation rates on the rise! Appreciation rates in the city have risen 2.27 percent in the past year and 4.3 percent in the past two years. With over 85 percent of homeowners choosing to stay in their homes for more than a year, satisfaction rates are high in the city. Buying a home is a great investment in the city and has never been easier. The neighborhoods of Fannin, Pisgah, City Center, and Greenfield have seen the highest rates of appreciation in the past few years.