Rent to own Homes in Roanoke Rapids, NC
While Roanoke Rapids is the biggest city in Halifax, most of its area is taken up by parks, rivers and forests. Its actual population is only 15,000. That means even those that live in high rise apartments are within easy distance of green spaces such as Emry Park or Roanoke River. If you are a fisherman, sailor, walker or just simply love the outdoors, Roanoke Rapids is the place you need to be.
Roanoke Rapids, NC is a great place for affordable rent-to-own homes! With a median household income of over $38,500 and a median rent of $680, the Roanoke Rapids, 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 Roanoke Rapids, 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 Roanoke Rapids, NC Property Resources
Rent to own Homes in Cities Near Roanoke Rapids, NC
Neighborhoods in Roanoke Rapids, NC
No neighborhoods foundPopular Zip Codes in Roanoke Rapids, NC
No zip codes foundBuying a Home in Roanoke Rapids, NC
Roanoke Rapids, NC is seeing rapid growth and Roanoke Rapids, NC's' housing market remains optimal with an average home price that is -51% below the 2024 national average. Roanoke Rapids, NC is part of Halifax 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 Halifax is 1.01% which is above the national average, which is 0.99%.
Median Home Price in Roanoke Rapids, NC
Median Rent in Roanoke Rapids, NC
Top 4 Reasons to Live in Roanoke Rapids, NC
Numerous attractions and activities! For a relatively small city, Roanoke Rapids has a huge amount of attractions. For example, at the Roanoke Canal Museum you can rediscover the city's past as a major trading place. Sylvan Heights Bird Park has the world's largest collection of waterfowl and an up and coming attraction is the Carolina Crossroads. When this is finished it will include an RV park, theater, amphitheater, billiard center and rock-and-roll theme park.
Acres of green space to run around in! Roanoke has 13 parks, including Emry Park and Chockoyotte Park. Within its 7 acres, Emry Park has covered picnic shelters, playgrounds, walking trails, horseshoe pits, tennis courts and a softball field. In 2014, the city earned a $15,000 grant to improve their parklands. Some of the money went to baseball fields at which they held baseball tournaments throughout the summer.
A renter's haven! If you don't fancy paying high monthly rent or rent to own rates or just can't afford to live in a big city like the nearby Raleigh, then Roanoke Rapids is an excellent option. 45 percent of the population rents a property, from studios to detached houses, at median price of only $531. A four-bedroom house can be found for as low as $700 a month. Surprisingly, one of the cheapest and best places to rent is in the city center where you can also find the city's best restaurants, such as Oscar's Restaurant and the Hunan Chinese Restaurant.
A variety of house prices! The median house price in Roanoke is $110,000, which is up from $72,000 in 2000. Even though the cheapest place to rent is the city center, that is where the most expensive houses are for sale at an average price of $134,000. However, if you are willing to live away from the Roanoke River in an area such as Belmont, the median house value is $69,000.