Rent to own Homes in Albemarle, NC
The charming North Carolina hill town of Albemarle (population 16,007) was founded in 1734 and continues to celebrate its fascinating heritage with a variety of local landmarks. With January highs around 46 degrees and July highs in the mid-80s, Albemarle's temperate climate attracts year-round tourists wanting to escape the hustle of neighboring cities. With all its bucolic beauty, however, Albemarle is also a manufacturing center for major corporations such as Gentry Mills and Internet company IAC.
Albemarle, NC is a great place for affordable rent-to-own homes! With a median household income of over $44,294 and a median rent of $778, the Albemarle, NC 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 Albemarle, NC. 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 Albemarle, NC Property Resources
Rent to own Homes in Cities Near Albemarle, NC
- Advance
- Bermuda Run
- China Grove
- Clemmons
- Cleveland
- Concord
- Cooleemee
- Davidson
- East Spencer
- Enochville
- Faith
- Farmington
- Gold Hill
- Granite Quarry
- Harrisburg
- Hillsdale
- Huntersville
- Kannapolis
- Landis
- Lexington
- Linwood
- Locust
- Midland
- Millingport
- Misenheimer
- Mocksville
- Mooresville
- Mount Pleasant
- Mount Ulla
- New London
- Richfield
- Rockwell
- Salisbury
- Southmont
- Spencer
- Statesville
- Troutman
- Tyro
- Welcome
- Woodleaf
- Yadkin College
Neighborhoods in Albemarle, NC
Woodcrest rent to own homes Downtown Albermarie rent to own homes Forest Hills rent to own homesPopular Zip Codes in Albemarle, NC
28001 rent to own homesBuying a Home in Albemarle, NC
Albemarle, NC is seeing rapid growth and Albemarle, NC's' housing market remains optimal with an average home price that is -42% below the 2024 national average. Albemarle, NC is part of Stanly 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 Stanly is 0.78% which is below the national average, which is 0.99%.
Median Home Price in Albemarle, NC
Median Rent in Albemarle, NC
Top 6 Reasons to Live in Albemarle
Affordable houses for rent! The median price of homes for rent in Albemarle is around $650. In the neighborhood of Ellenwood Court, a circa-1960s ranch-style three-bedroom on a wooded lot lists for around $600 a month, while in the Wall Street area, a mid-century, two-bedroom may list for only around $450 a month.
Affordable new homes for sale! With median house sale price at only $129,750, new and rent to own homes are especially affordable here. For example, in the area of Stonehaven, a brand-new three-bedroom can list in a range from $122,900 to just under $138,000. Likewise, the area around Anderson Ridge can list lovely new three-bedroom properties starting at less than $117,000.
Scenic parks everywhere! Albemarle boasts five city parks, including the newest, City Lake, a 75-acre oasis with a pristine 100-acre lake, walking trails, boat docks, an amphitheater and fishing areas. In addition, there's also Morrow Mountain State Park, famed for its 15 miles of hiking trails in the Uwharrie Mountains.
Delicious dining! For good food and great atmosphere, check out Off the Square, which features delectables such as The Elvis Breakfast (banana pancakes with peanut butter syrup). For great barbecue, visit Log Cabin BBQ and be sure to try the pulled pork and sauce-slathered potato chips.
Vineyards and wineries! Albemarle is in the heart of North Carolina's wine country, so make sure to visit Uwharrie Vineyards, which features tours, tasting rooms and fine dining with live entertainment. Also nearby is Stony Mountain Vineyards, a rustic locale with beautiful views and delicious wine tastings.
Scenic golfing! There's plenty of golf in Albemarle, thanks to Mt. Brook Golf Course, an 18-hole, par 72 public course set against a beautiful backdrop of hills. A couple of miles further down the road is the Badin Inn Golf Resort and Club, an 18-hole, par-71 public course with beautiful landscaping and a popular clubhouse.