Rent to own Homes in Lexington, SC
Situated in Southern South Carolina, Lexington is the largest town in the county. As one of eleven townships established by the colonial government of King George II, the city encouraged further settlement of South Carolina's back country. Trade paths of the Cherokee and Occaneechi Indian tribes helped to support development in the area as goods grown on nearby farms could be easily delivered to other communities. Today, Lexington has a population of approximately 20,000 people.
Lexington, SC is a great place for affordable rent-to-own homes! With a median household income of over $71,850 and a median rent of $1,080, the Lexington, 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 Lexington, 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 Lexington, SC Property Resources
Rent to own Homes in Cities Near Lexington, SC
- Arcadia Lakes
- Arthurtown
- Batesburg
- Batesburg-Leesville
- Blythewood
- Capitol View
- Cayce
- Chapin
- Columbia
- Dentsville
- Edmund
- Fairview Crossroads
- Forest Acres
- Gaston
- Gilbert
- Hopkins
- Irmo
- Lake Murray of Richland
- Leesville
- Lexington
- Little Mountain
- North
- Oak Grove
- Olympia
- Peak
- Pelion
- Perry
- Pine Ridge
- Red Bank
- Seven Oaks
- South Congaree
- Springdale
- St. Andrews
- Summit
- Swansea
- Wagener
- West Columbia
- White Knoll
- Woodfield
- Woodford
Neighborhoods in Lexington, SC
No neighborhoods foundPopular Zip Codes in Lexington, SC
29071 rent to own homesBuying a Home in Lexington, SC
Lexington, SC is seeing rapid growth and Lexington, SC's' housing market remains optimal with an average home price that is -8% below the 2024 national average. Lexington, SC is part of Lexington 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 Lexington is 0.57% which is below the national average, which is 0.99%.
Median Home Price in Lexington, SC
Median Rent in Lexington, SC
Top 4 Reasons To Live In Lexington, SC
Live by the waterfront! Those searching for waterfront real estate can acquire an ample abode near Route 378 and Calks Ferry Road. This community offers stunning large single-family homes on Lake Murray and Bundrick Island, with median values of $336,923 and average monthly rental costs of $837. The Providence community is another option for those seeking waterside respite. Home values here are $333,413 and rent averages $864 a month. Nearby, you'll find Eighteenmile Creek, Ned's Bait and Tackle, and SCGE Swimming and Beach Park.
Own a home within budget! Seeking a rent to own property on a frugal budget? Scour the areas of Edmund and Macedon, where median purchase prices are $44,275, and rent, on average, is $567 per month. Small single-family homes in the area offer proximity to Darden Regional Airport, Cedar Creek, and Town And Country Grocery Store. Another area to consider is Oak Grove, where values are $125,176, while rent is $775 monthly. Area amenities include the Barnyard Flea Market, Lexington County Tennis Complex, and Lizards Thicket restaurant, which offers amazing house-made soul food.
Enjoy local flavor! Amazing dining options are at your fingertips in Lexington. Choose from Cuban cocktails, mofongo, and paella at Arkos Mojo Grill and Martini Bar, delicious BBQ at Hudson's Smoke House, or beer flights, po' boys, burgers, and gumbo at the Old Mill Brew Pub. Whatever the craving, the town has an establishment serving it up.
Lead an active life! Walking paths, picnic spots and bridges await at the forested Virginia Hylton Park. It's a hidden gem near downtown Lexington, which allows residents to enjoy the surrounding natural environment. If indoor exercise is preferred, locals can work up a sweat at Lake Murray Crossfit or breathe deeply into their poses at the Pink Lotus Yoga Center. For an education in the martial arts, try Genova Family Karate of Lexington, and for a relaxing jaunt on the water, become Captain for the day with Aquafun Boat Rentals and Tours.