Rent to own Homes in Collierville, TN
Shoppers will love Collierville! No need to drive into Memphis when you have the Avenue at Carriage Crossing shopping center right in the town! City Center Shopping Center has plenty of stores to cure your shopping fever, too.
Collierville, TN is a great place for affordable rent-to-own homes! With a median household income of over $117,327 and a median rent of $1,354, the Collierville, TN 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 Collierville, TN. 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 Collierville, TN Property Resources
Rent to own Homes in Cities Near Collierville, TN
- Arlington
- Atoka
- Bartlett
- Braden
- Bridgetown
- Byhalia
- Collierville
- Cordova
- Drummonds
- Eads
- Gallaway
- Germantown
- Hernando
- Holly Springs
- Horn Lake
- Independence
- Lake Cormorant
- Lakeland
- Lamar
- Lynchburg
- Memphis
- Millington
- Moscow
- Mount Pleasant
- Munford
- Nesbit
- Oakland
- Olive Branch
- Piperton
- Pleasant Hill
- Red Banks
- Rossville
- Somerville
- Southaven
- Victoria
Neighborhoods in Collierville, TN
Pembrook Homeowners rent to own homes Fairway Glen Homeowners Association rent to own homes Levee Oaks Subdivision rent to own homes Shelton Hills Homeowners Association rent to own homes Bailey Station rent to own homes Porter Farms rent to own homes Schilling Farms rent to own homes Collierville rent to own homesBuying a Home in Collierville, TN
Collierville, TN is seeing rapid growth and Collierville, TN's' housing market remains not optimal with an average home price that is 53% above the 2024 national average. Collierville, TN is part of Shelby 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 Shelby is 1.38% which is above the national average, which is 0.99%.
Median Home Price in Collierville, TN
Median Rent in Collierville, TN
Top 9 Reasons to Live in Collierville
Small homes in the heart of town! While larger homes seem to be the current trend in the Memphis suburb, smaller, historic homes can still be found on the east side of town around the historic downtown area (Quinn Road is an ideal area here) and the neighborhoods from Collierville Arlington Road to Interstate 269.
More rent to own houses available! The trend since 2000 has been for less and less homes to be sold. What this means is that ore home owners are looking into renting their home, or even considering a rent to own house option. Look for these deals when you look for homes in the Planters Ridge or Autumn Trails neighborhoods.
Spend the day in downtown Collierville! Within a few blocks, you can have lunch at Dyer's Cafe, shop at Fabrics by the Square and Hammer Jewelry, and end the day with a latte at Square Beans Coffee, all while overlooking the old train depot!
It's easy to eat healthy here! If you're trying to eat healthier foods, you can do practically all of your shopping at the Collierville Farmers Market. Held just off the Town Square on Thursdays during the warmer months, the market sells a wide variety or locally grown produce. If your rent to own home has room for a garden, head over to Morgreen Nursery or Russell's Farm Supply to get all the seeds and dirt you could possibly need to grow your own kale, beets and carrots.
Home values are rising! Home values in Collierville have increased more than 3% in the last year, making now a perfect time to lock down a rent to own deal. Check for rent to own homes in the Ivy Grove or Shelton Hills neighborhoods.
Get out and enjoy the sunshine! Collierville has plenty of parks, greenways and rec centers to satisfy your athletic urges. Jog or hike along the Collierville Greenbelt System, which has more than 18 miles of trails. With 19 parks, 10 tennis courts, 2 spray parks and 30 athletic fields, you won't have an excuse for not being active!
Get cultured! Watch live theater at the Harrell Performing Arts Theatre, which has performed such works as "Bye, Bye Birdie" and "Oliver!". The Collierville Arts Council offers art, acting and singing classes to residents.
Fun in the Square! The downtown square is a popular spot any time of year, but two annual events bring residents out. In May, the Fair on the Square is a fun day filled with entertainment, food and crafts. Listen to live music in the square during the annual Sunset on the Square summer concert series.