Rent to own Homes in Vicksburg, MS
Vicksburg, MS is the county seat of Warren County and is nestled on the southwestern part of Mississippi on the banks of the Mississippi River. Formerly part of the Natchez Native American territory, the city incorporated in 1825. Rich in history and culture, Vicksburg saw the birth of the nation, was a major player in the American Civil War and thrived during the steamboat revolution. Today, the city is a cultural and artistic hub of Mississippi.
Vicksburg, MS is a great place for affordable rent-to-own homes! With a median household income of over $34,242 and a median rent of $708, the Vicksburg, 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 Vicksburg, 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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Rent to own Homes in Cities Near Vicksburg, MS
Neighborhoods in Vicksburg, MS
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39182 rent to own homesBuying a Home in Vicksburg, MS
Vicksburg, MS is seeing rapid growth and Vicksburg, MS's' housing market remains optimal with an average home price that is -49% below the 2024 national average. Vicksburg, MS is part of Warren 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 Warren is 0.64% which is below the national average, which is 0.99%.
Median Home Price in Vicksburg, MS
Median Rent in Vicksburg, MS
Top 5 Reasons to Live in Vicksburg, MS
Visit McRaven House! Built in 1797, the house got its name from the street where it was formerly located, McRaven Street. Designated the most haunted house in Mississippi, the house is on the National Register of Historic Places; it saw renovations and additions over the years by various owners until it was opened to the public in 1961. The legends say that at least 5 people have died inside the house, and it was used as a field hospital during the Revolutionary War. The house receives thousands of visitors each year, all hoping to catch a glimpse of a ghost or see a beautifully restored historic property.
Great Rental Opportunities! With 44 percent of the Vicksburg populace renting, finding a place of your own is easy and affordable, with the average rent price hovering at $605. The most popular neighborhoods for renters are Porters Chapel Rd, Flowers, Big Black and Beechwood.
Educational Museums! Vicksburg has more than its share of educational and interesting museums--many with historical significance of the area. You can visit the U.S.S. Cairo Museum to see the first ship sunk by a torpedo or head over to the Old Court House Museum to see a historical perspective of the area. Other Museums include the Lower Mississippi River Museum and Interpretive Center, Vicksburg National Cemetery, Vicksburg National Monument, The Old Depot Museum, the Biedenharn Coca-Cola Museum and the Vicksburg Museum.
Art and Culture! With a great historical center, Vicksburg has history and culture all throughout the city. You can head over to the Waterfront Theatre to see movies and plays, take one of the tours of its historic houses, such as the Anchuca Mansion, or stop in at one of the cities several art galleries such as the Attic Gallery.
Rising Appreciation Rates! With house appreciation rates rising more than 1.4 percent over the past two years, Vicksburg is becoming a great place for those looking to buy a house or those interested in rent to own investments. Eagle Bend, Washington St, City Center and Porters Chapel Rd are a few of the neighborhoods whose appreciation have been on the rise.