Rent to own Homes in Clarksdale, MS
What do the musicians Robert Johnson, Bessie Smith, Johnny Lee Hooker, Sam Cooke, Muddy Waters and Ike Turner all hold in common? They all were born, lived or even died in Clarksdale. It was at the crossroads of Clarksdale that Robert Johnson was said to have sold his soul to the devil. Yes, this unassuming small town of under 20,000 residents on the Mississippi Delta is one of the birthplaces of blues music - a cultural history that can compete with almost any major city in the country.
Clarksdale, MS is a great place for affordable rent-to-own homes! With a median household income of over $30,603 and a median rent of $613, the Clarksdale, 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 Clarksdale, 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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Clarksdale, MS is seeing rapid growth and Clarksdale, MS's' housing market remains optimal with an average home price that is -70% below the 2024 national average. Clarksdale, MS is part of Coahoma 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 Coahoma is 1.05% which is above the national average, which is 0.99%.
Median Home Price in Clarksdale, MS
Median Rent in Clarksdale, MS
Top 4 Reasons to Live in Clarksdale, MS
Home to some of the best blues festivals in the world. Clarksdale celebrates its blues heritage with the Delta Jubilee, the Juke Joints festival and the Sunflower Riverside Blues festival. Performers at the last Sunflower festival included Bobby Rush, Robert Belfour and Jimmy Holmes. The town also celebrates another famous former resident, the playwright Tennessee Williams. Every October, residents and visitors get to see dramas and readings based on the writer's work. Other festivals in the area include the Sonoma County Blues Festival.
A major part of the Mississippi Blues Trail. Blues fans flock to Clarksdale and surrounding towns to see the various blues markers that litter the area. Clarksdale has some of the most famous, including the cabin that Muddy Waters lived in while his family worked on a nearby cotton field. The Riverside Hotel is another landmark, and it hosted many famous musicians while they were playing in the area. Bessie Smith died hat the hotel. In the nearby town of Yazoo is the Delta Blues Museum. Recently the museum marked the 100th anniversary of the legendary blues musician Robert Johnson.
Reasonably priced houses and homes for rent. For such a historic area, Clarksdale has some very reasonably priced houses. In the city center, the median house price is only $44,000, and the average rental price is $392. Even in a more expensive area, like Farrell, the prices only reach $83,000, and the average rent $457. That is more expensive than only 15 percent of other neighborhoods in the country.
Think of your future. In Clarksdale, one can buy a large family home for sale for around $83,000. That is less than half of the country's median house price of $188,000. As more and more people move out of the city looking for the quieter life, houses prices and rent to own homes in such towns as Clarksdale can only go up. Buy a property in Clarksdale now, and it could prove a wise future investment.