Rent to own Homes in Natchez, MS
Natchez is a city of a little over 15,000 people in eastern Mississippi. It shares a border with Louisiana and is located just off the Mississippi River. It is among the oldest cities in the area, and was once the capital of the state, though it lost that title to Jackson in 1822. If you're in search of a scenic, historic city that overlooks the Mississippi River, Natchez should interest you.
Natchez, MS is a great place for affordable rent-to-own homes! With a median household income of over $26,800 and a median rent of $560, the Natchez, 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 Natchez, 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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Neighborhoods in Natchez, MS
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Natchez, MS is seeing rapid growth and Natchez, MS's' housing market remains optimal with an average home price that is -54% below the 2024 national average. Natchez, MS is part of Adams 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 Adams is 0.73% which is below the national average, which is 0.99%.
Median Home Price in Natchez, MS
Median Rent in Natchez, MS
5 Reasons to Move to Natchez, MS
Amazingly low property taxes! The property tax rate here is less than seven percent, which is a little over half the rate you will see in other parts of the country. You can take advantage of this by buying a home in Natchez or even considering rent to own houses here. For some great housing options, check out some neighborhoods in the northern part of the city like as Foster and Pine Ridge.
Outdoor attractions! You can spend the day just visiting the Mississippi River, or you can check out Old Natchez Country Club for some golf or tennis. There is also Natchez National Historic Park, which features a few antebellum mansions, and Natchez State Park, which boasts a lake, cabins, and fire pits.
Reasonable rates for buying and renting! Housing in Natchez is very inexpensive. If you plan to buy, take note that the median home price is around $89,000, which is less than half the national average. If you prefer to rent, you can still find a great deal, since the median rent is about $575 per month. You can find some nice homes on the eastern side of the city in neighborhoods like Cranfield and Kingston, or on the western side in Cloverdale.
Lots of stores and shops! If you need to go shopping in Natchez, you don't have to leave the city to get what you need. This area has everything from RadioShack and Kmart to Office Depot and Family Dollar. When you need a few basics, you can head to Walgreens, Walmart, or Rite Aid.
Eateries galore! This is a great place to grab some grub, since there are various places to eat. Some local favorites include the Pig Out Inn Barbecue, The Castle Restaurant, Carriage House Restaurant, and Lil Dagos. You should also visit Restaurant 1818 inside Monmouth Historic Inn, a bed and breakfast that was once a plantation.