Rent to own Homes in Dyersburg, TN
Dyersburg is a tiny Tennessee town, just to the northeast of Memphis. About 17,150 people live in Dyersburg, where they take advantage of quiet country living with urban amenities nearby. The city was founded in 1825, when the land was divided into 86 lots. Once a hub of steamboat traffic on the Forked Deer River, the city eventually became a railroad hub and then a quiet suburb of Memphis.
Dyersburg, TN is a great place for affordable rent-to-own homes! With a median household income of over $41,724 and a median rent of $668, the Dyersburg, 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 Dyersburg, 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.
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Dyersburg, TN is seeing rapid growth and Dyersburg, TN's' housing market remains optimal with an average home price that is -40% below the 2024 national average. Dyersburg, TN is part of Dyer 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 Dyer is 0.73% which is below the national average, which is 0.99%.
Median Home Price in Dyersburg, TN
Median Rent in Dyersburg, TN
Top 4 Reasons to Live in Dyersburg
History buffs will love it! Dyersburg may be close to Memphis, but the town itself has a history of its own. The old bank of Dyersburg still sits in town, and it is a beautiful and interesting landmark that residents can still visit. Other historic places to visit are the Edward Moody King House, a mansion that is listed on the National Register of Historic Places, and the historic Dyer County Courthouse, built in 1911.
Availability! The vacancy rate for homes in Dyersburg hovers at about 9%, and the annual residential turnover is 15%, which means there's a good chance someone looking for a new place will find it when they start searching. If you're planning to conduct an apartment search in Dyersburg, there are lots of hotels you can stay in during your hunt so you can sleep comfortably at night. For some of the best, check out rooms at Dorothy's Bed and Breakfast, the Dragon Fly Inn, or Holly Tree Manor.
Delicious Southern cooking! If there's one thing Tennessee is known for, it's delicious southern cuisine, and there's no shortage of it to be had in Dyersburg. Residents love eating at places like Blocker's Soul Food, Dodge's Chicken, Catfish Galley, and Brooksie's Barn, in addition to a slew of other notable comfort food joints.
Rent is cheap! For people who are looking to rent a house or transition with a rent to own process, Dyersburg is a good place to do it. The city has lots of affordable rentals, and about 48% of properties in town are rented. The average monthly rent for a one bedroom place is about $454 a month, and there are many rental complexes and buildings to choose from. For people that want to rent near somewhere they can spend time outside and enjoy nature, look for places near Okeena Park, Shell City Park, or Nichols Park.