Rent to own Homes in Monroe, NC
Incorporated in 1843, Monroe continues to grow, seeing an impressive growth in population from 2000 to 2010. The county seat of Union County, Monroe was named after President James Monroe. It served as an important trading hub. In modern years it has become known for horses, the historic Main Street shopping area, and its golf courses. The Monroe Country Club even features a back nine designed by Donald Ross.
Monroe, NC is a great place for affordable rent-to-own homes! With a median household income of over $53,064 and a median rent of $997, the Monroe, 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 Monroe, 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 Monroe, NC Property Resources
Rent to own Homes in Cities Near Monroe, NC
- Aquadale
- Buford
- Charlotte
- Concord
- Fairview
- Harrisburg
- Hemby Bridge
- Indian Trail
- JAARS
- Jefferson
- Lake Park
- Lancaster
- Locust
- Marshville
- Marvin
- Matthews
- Midland
- Mineral Springs
- Mint Hill
- Monroe
- Mount Croghan
- Mount Pleasant
- Oakboro
- Pageland
- Peachland
- Pineville
- Polkton
- Red Cross
- Stallings
- Stanfield
- Tradesville
- Unionville
- Unity
- Van Wyck
- Waxhaw
- Weddington
- Wesley Chapel
- Wingate
Neighborhoods in Monroe, NC
Downtown Monroe rent to own homesPopular Zip Codes in Monroe, NC
No zip codes foundBuying a Home in Monroe, NC
Monroe, NC is seeing rapid growth and Monroe, NC's' housing market remains optimal with an average home price that is -20% below the 2024 national average. Monroe, NC is part of Union 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 Union is 0.73% which is below the national average, which is 0.99%.
Median Home Price in Monroe, NC
Median Rent in Monroe, NC
Top 3 Reasons to Live in Monroe, NC
Farm fun! No town is complete without a local farmer's market, and Monroe features a market on Skyway Drive Tuesday through Saturday. Few towns have a farmer's market open five days a week, and this makes shopping for fresh food convenient. Local farmers keep the market stocked, while the Aw Shucks Farm keeps the community involved with the annual Aw Shucks Corn Maze, farm visits, bonfires, and animal visits. Treehouse Vineyards offers a different type of farm visit with wine tastings and a vineyard tour, but even those not interested in drinking can enjoy a picnic on the grounds or the Live on the Vines concert series.
Home values on the rise! From 2013 to 2014, local home sale prices in Monroe increased by 4.5 percent, making home in Monroe a good investment. Whether shopping for a house for sale or a rent to own home, consider what the neighborhood adds to the home. Commuters may find that easy access to Andrew Jackson Highway or Concord Highway makes their daily drive much easier, while the Miller Street area offers the green space of Jaycee Park as well as nearby shopping. To see some truly inspiring homes, check out the Monroe Historic Home tours in the spring.
Wide variety of properties! Over 38 percent of the residential properties in Monroe are rentals, placing it above the national average and making it easier to find a house to rent. Apartment complexes such as the Village Square Apartments near the Monroe Crossing shopping mall add to the variety of properties to be found here. Once you have settled into your new place, check out the historic downtown area, eat at Duke's Grill, and visit the Extreme Ice Center for a fun night out. The entertainment and dining offerings are just as varied as the real estate in Monroe.