Rent to own Homes in Cary, NC
Located just west of Raleigh and within the Research Triangle, Cary, North Carolina offers excellent outdoor activities, rich culture, a diverse population, and a steadily rising home market. Cary has what many American cities do not--public transportation that works. Almost 61 percent of residents can boast a higher education degree, and the home ownership rate is an impressive 72.8 percent, making it an ideal place to lay down roots. The PUDs, or planned urban development communities, help make finding the perfect home with the right amenities easy for families.
Cary, NC is a great place for affordable rent-to-own homes! With a median household income of over $107,463 and a median rent of $1,312, the Cary, 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 Cary, 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 Cary, NC Property Resources
Rent to own Homes in Cities Near Cary, NC
- Angier
- Apex
- Bear Creek
- Briar Chapel
- Broadway
- Buies Creek
- Carolina Meadows
- Carrboro
- Cary
- Chapel Hill
- Coats
- Durham
- Fearrington Village
- Fuquay-Varina
- Garner
- Gorman
- Governors Club
- Governors Village
- Holly Springs
- Knightdale
- Lillington
- Mamers
- Moncure
- Morrisville
- New Hill
- Pittsboro
- Raleigh
- Sanford
- Willow Spring
Neighborhoods in Cary, NC
Amberly rent to own homes Ashcroft rent to own homes Ashley rent to own homes Bishops Gate rent to own homes Briarcliff rent to own homes Cary Park rent to own homes Coventry rent to own homes Dutchess rent to own homes Highlands rent to own homes Meadowmont rent to own homesPopular Zip Codes in Cary, NC
27512 rent to own homes 27513 rent to own homes 27518 rent to own homes 27511 rent to own homes 27519 rent to own homesBuying a Home in Cary, NC
Cary, NC is seeing rapid growth and Cary, NC's' housing market remains not optimal with an average home price that is 73% above the 2024 national average. Cary, NC is part of Wake 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 Wake is 0.81% which is below the national average, which is 0.99%.
Median Home Price in Cary, NC
Median Rent in Cary, NC
Top Reasons to Live in Cary NC
Housing Statistics Over 90 percent of the housing units here are single-family homes, as detached housing is the preferred structure. However, condos still make up around three percent of the structures for those who prefer something a bit smaller and more urban in style. Cary has seen a 6.7 percent increase in home values over the last year, with the median sales price of $267,800 for a property. Attached homes, such as townhouses or row houses, offer a considerable break in price. The 2009 mean in Cary was $151,468 for this type of housing, with mobile homes offering the greatest budget option at around $56,789. Rent to own houses are another option for those hoping to own a home, but cannot yet afford to so. Of all the structures available a little over five percent are vacant, with 31.5 percent rented. This leaves about 63.3 owned. That's a relatively low vacancy rate, meaning demand for properties is higher than what's available, a good sign for the area's long-term stability. In total, there were approximately 479 homes sold in June 2013.
Tourist Attractions Cary is full of enticing amenities, many of which hinge on the historical aspect of the city. Fred G. Bond Metro Park is one of the most popular spots to explore in Cary, which has canoes, bike trails, paddleboats, and a concession stand. It appeals to families and individuals of all ages. Hemlock Bluffs Nature Preserve is also well visited by outdoor types who like the greenery and trails of Cary. The Triangle Food Tour is a tasty exploration of the many excellent eateries and wineries in the city, while Phillips Farms of Cary introduce visitors and residents to farm life.
Arts and Culture The Lazy Daze Arts and Crafts Festival, along with the Spring Daze Arts and Crafts festival entices creative types who want to discover local artists, unique craftworks and meet residents in the beautiful spring and summer of Cary. The Festival of Light also proves irresistible, while the Beer, Bourbon, BBQ Festival has something a bit tastier on display. Indoors, the Downtown Cary Children's Museum is a lovely place to take children in the summer or on a sunny weekend, giving kids a chance to discover science, technology, engineering and math-based exhibits.
Outdoors Activities In addition to the many parks and hiking trails, Cary is home to numerous biking paths that mark it out as a uniquely bike-friendly city, as awarded by the League of American Bicyclists. There are also numerous tennis courts, basketball courts, soccer fields and country clubs that cater to an athletic and active community. Lochmere Golf Club and MacGregor Downs Country Club are particularly attractive courses.
Weather and Climate North Carolina is a popular vacation spot, especially the wider Raleigh area, including Cary. The pleasant climate sees four mild seasons, appealing to the vast majority of Americans. Humidity can run a little higher than the nation's average, but there's relatively little wind and snowfall, making for a comfortable experience all year long. An average high of 89 in July, the hottest month, and a low of 30 in January, the chilliest, means most days are sunny, comfortable and safe.