Rent to own Homes in Hanahan, SC
Hanahan is a relatively small city in South Carolina, but its population jumped 39 percent between 2000 and 2010. Many historical markers, such as the Otranto Plantation, serve as testaments to the city's colorful past. Residents are fortunate enough to have as much chance of having tidal water sources in their backyard as they do seeing the old plantation house. Because of this, fishing and water sports are extremely popular in the city.
Hanahan, SC is a great place for affordable rent-to-own homes! With a median household income of over $71,291 and a median rent of $1,108, the Hanahan, SC 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 Hanahan, SC. 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 Hanahan, SC Property Resources
Rent to own Homes in Cities Near Hanahan, SC
- Adams Run
- Awendaw
- Bonneau
- Charleston
- Charleston Afb
- Cordesville
- Cross
- Folly Beach
- Goose Creek
- Hanahan
- Hollywood
- Huger
- Isle of Palms
- James Island
- Johns Island
- Kiawah Island
- Ladson
- Lincolnville
- Meggett
- Moncks Corner
- Mount Pleasant
- North Charleston
- Pimlico
- Pinopolis
- Ravenel
- Ridgeville
- Sangaree
- Seabrook Island
- Sullivan's Island
- Summerville
- Wadmalaw Island
Neighborhoods in Hanahan, SC
Tanner Plantation rent to own homes Otranto rent to own homes Foster Creek rent to own homes Yeamans Hall Club rent to own homes Hanahan rent to own homesPopular Zip Codes in Hanahan, SC
29410 rent to own homesBuying a Home in Hanahan, SC
Hanahan, SC is seeing rapid growth and Hanahan, SC's' housing market remains not optimal with an average home price that is 14% above the 2024 national average. Hanahan, SC is part of Berkeley 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 Berkeley is 0.51% which is below the national average, which is 0.99%.
Median Home Price in Hanahan, SC
Median Rent in Hanahan, SC
Top 3 Reasons to Live in Hanahan, SC
Strong growth in housing value! Even with the recent recession wreaking havoc on the housing market, America has still had over 12 percent growth in home values in the past decade. Those living in Hanahan, however, have seen a 25 percent increase in values during the same time period. Whether this is because many people have a stream in their backyard thanks to the Cooper River or because of great restaurants like LG's By The Creek, the fact is that home valuations have been quickly increasing. This means that individuals looking for rent to own houses and those who want to buy one immediately will be making a great long-term investment for their future.
Plenty to do around town! The city has the second ranked private golf course in the entire state, but even if hitting the greens isn't your thing, you can find something else around town. Head over to Murray Park or the Old Tenant Pond for some outdoor relaxation. Murray Park offers two public tennis courts while Old Tenant Pond is great for fishing. And if you ever run out of things to do around Hanahan, Charleston is fortunately just a quick drive away.
Excessively low property tax rates! The number of gorgeous waterways combined with a relatively high rate of house ownership in the city might make some people think that property tax rates are through the roof in Hanahan. As any resident of the city can attest to, though, this simply isn't the case. Hanahan's rates are a full 55 percent lower than the national average found throughout many cities in the rest of the country. With such low rates, you'll have more money to invest! First Citizens Bank has a branch here and when you want to show off a bit of your savings, go try for a membership at the Yeamans Hall Club.