Rent to own Homes in Sanford, NC
Sanford is the county seat of Lee County and has a population of 28,518. Named the "Brick Capital of the U.S.," Sanford has a thriving business community and is home to the headquarters of manufacturers like General Shale and Lee Brick Tile. Because the city has its own private airport, Sanford attracts many corporations that require frequent business travel, like Caterpillar Inc., 3M, Biotech and Pfizer.
Sanford, NC is a great place for affordable rent-to-own homes! With a median household income of over $47,017 and a median rent of $780, the Sanford, 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 Sanford, 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 Sanford, NC Property Resources
Rent to own Homes in Cities Near Sanford, NC
- Anderson Creek
- Apex
- Bear Creek
- Bennett
- Briar Chapel
- Broadway
- Cameron
- Carolina Meadows
- Carrboro
- Carthage
- Cary
- Chapel Hill
- Fearrington Village
- Fuquay-Varina
- Goldston
- Governors Club
- Governors Village
- Gulf
- Holly Springs
- Mamers
- Moncure
- New Hill
- Pittsboro
- Sanford
- Siler City
- Snow Camp
- Spout Springs
- Vass
- West End
- Whispering Pines
Neighborhoods in Sanford, NC
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Sanford, NC is seeing rapid growth and Sanford, NC's' housing market remains optimal with an average home price that is -33% below the 2024 national average. Sanford, NC is part of Lee 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 Lee is 0.93% which is below the national average, which is 0.99%.
Median Home Price in Sanford, NC
Median Rent in Sanford, NC
Top 5 Reasons to Live in Sanford
Transportation at its best! Sanford has one of the best transportation systems in the state. In 2000, the city opened its first airport, formerly known as the Sanford-Lee County Airport, that services both recreational and commercial usage. Other transportation services include commercial rail service and a free bus service for local residents. Sanford is quickly becoming one of the most bike-friendly cities in the state and has its own designed bike lane, U.S. Bicycle Route 1, that goes through the city.
Numerous museums and performing arts! Learn about the city's contributions to the establishment of rail travel in the United States by visiting the Railroad House Museum that even features a caboose from the 1800s. Built in 1825, the Temple Theatre has been the principal source of entertainment in Sanford and Lee County. The iconic building hosts numerous theatrical productions throughout the year and utilizes local residents as actors.
Best golfing in Florida! Located in a former sand quarry, navigating through the Tobacco Road Golf Club is a bit like trying to escape a complicated maze--the 18-hole course will leave even the best golfers feeling challenged. For a more traditional and elegant golfing experience, the Carolina Trace Country Club is rated as one of the most scenic golf courses in the United States.
Spectacular estates at bargain prices! Because of the lower cost of living in Sanford, an 8-bedroom, 8-bathroom, 8000 square foot estate is listed on the market for just $3.7 million, while a similar Mansion in Greenwich, CT or Beverly Hills, CA would be three times as much. While a mansion may not be attainable for many residents, these homes do help keep the values of normal houses higher than normal. For the nicest houses in the city, look to neighborhoods like Avents Ferry Road and Copper Ridge Drive.
Price cuts galore! Not only have 30.4% of listings had a price cut, but 34.1% of homes on the market have sold below their list price. This shows that sellers are willing to negotiate a substantial price reduction to unload their property. Rent to own homes can be found in areas like Cool Springs and White Hill.