Rent to own Homes in Carrboro, NC
Carrboro, NC is a beautiful community located next to the University of North Carolina at Chapel Hill and near the state capitol, Raleigh. The town offers the comfort of a small southern town with access to plenty of arts, entertainment, cultural events and sports in the area. With bikeways and greenways throughout, the town encourages residents to be active and is a silver level Bicycle Friendly Community according to the League of American Bicyclists.
Carrboro, NC is a great place for affordable rent-to-own homes! With a median household income of over $67,469 and a median rent of $1,152, the Carrboro, 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 Carrboro, 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 Carrboro, NC Property Resources
Rent to own Homes in Cities Near Carrboro, NC
- Apex
- Bahama
- Briar Chapel
- Butner
- Carolina Meadows
- Carrboro
- Cary
- Cedar Grove
- Chapel Hill
- Creedmoor
- Durham
- Efland
- Fearrington Village
- Gorman
- Governors Club
- Governors Village
- Hillsborough
- Holly Springs
- Hurdle Mills
- Mebane
- Morrisville
- New Hill
- Pittsboro
- Prospect Hill
- Raleigh
- Rougemont
- Roxboro
- Stem
- Timberlake
- Wake Forest
Neighborhoods in Carrboro, NC
Bolin Forest rent to own homes Lake Hogan Farms rent to own homes Hillsborough Road rent to own homes Poplar-Davie rent to own homesPopular Zip Codes in Carrboro, NC
27510 rent to own homesBuying a Home in Carrboro, NC
Carrboro, NC is seeing rapid growth and Carrboro, NC's' housing market remains not optimal with an average home price that is 78% above the 2024 national average. Carrboro, NC is part of Orange 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 Orange is 1.09% which is above the national average, which is 0.99%.
Median Home Price in Carrboro, NC
Median Rent in Carrboro, NC
Top 6 Reasons to Live in Carrboro, NC
Eat local year round! At the Carrboro Farmers Market you can find local produce all year, along with crafts, prepared foods and flowers from local farmers. It's a great place to get to know local growers, artists and crafters, while taking home delicious fresh food. The market also hosts special events throughout the year at the Carrboro Town Commons.
Mix of homes and neighborhoods! Carrboro features a balance of rental properties and owner-occupied properties. Being near the University of North Carolina at Chapel Hill campus, many rental homes or even rent to own homes are available in a variety of neighborhoods, from historic homes on tree-lined streets in Carrboro Mill Village to newer apartment complexes.
Take in a live music show! For more than 40 years, Cat's Cradle has been an area favorite for live music. The venue seats 750 which provides an intimate setting for concert-goers. Cat's Cradle includes performances by indie rockers, singer/songwriters and big-name bands among others. You can also catch live musicians over a cup of coffee from locally roasted beans at The Open Eye Cafe.
Sit down at a restaurant or grab a bite from a food truck. Carrboro has some excellent restaurants, including Glasshalfull for nice dinner out or Armadillo Grill for casual dining. Food trucks also make appearances throughout town serving a variety of cuisines. Try Chinese style dumplings from the Chirba Chirba Dumpling truck, which makes its way around the region.
Great rental prices. Renters are common in Carrboro, and the community has a range of apartment complexes with great amenities. Rents are a little lower than the national average. Find a one- or two-bedroom loft at the Villages of Chapel Hill or be in the action in downtown Carrboro with an apartment at 118 Bim Street.
Shop unique gifts or big-name stores. You've got a lot of shopping choices in Carrboro and the Carr Mill Mall is a great place to start. The mall sits in the restored Alberta Complex, an historic textile mill, and shoppers can find everything from groceries to chocolates to sporting goods. The mill is also the location of Weaver Street Market, a natural foods cooperative grocery store.