Rent to own Homes in Gallatin, TN
Gallatin, Tennessee is located in the north-central part of the state, northeast of Nashville. Gallatin is the Sumner County seat. The city was established in 1802 and named for the United States Secretary of the Treasury, Albert Gallatin. Gallatin is home to The Gap, Inc. and several other national companies. It is also home to The Palace Theatre, the South's oldest silent movie theater. Still in its original location, this beautifully-restored theater now shows current movies, live performances and hosts special events.
Gallatin, TN is a great place for affordable rent-to-own homes! With a median household income of over $60,930 and a median rent of $1,026, the Gallatin, 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 Gallatin, 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 Gallatin, TN Property Resources
Rent to own Homes in Cities Near Gallatin, TN
- Antioch
- Arrington
- Ashland City
- Belle Meade
- Berry Hill
- Brentwood
- Castalian Springs
- Coopertown
- Cottontown
- Cross Plains
- Forest Hills
- Franklin
- Gallatin
- Gladeville
- Goodlettsville
- Graball
- Greenbrier
- Green Hill
- Hendersonville
- Hermitage
- Joelton
- Lakewood
- La Vergne
- Lebanon
- Madison
- Millersville
- Mount Juliet
- Nashville Davidson
- Nashville
- New Deal
- Nolensville
- Oak Hill
- Old Hickory
- Orlinda
- Portland
- Ridgetop
- Rural Hill
- Shackle Island
- Smyrna
- Springfield
- White House
- Whites Creek
Neighborhoods in Gallatin, TN
No neighborhoods foundPopular Zip Codes in Gallatin, TN
37066 rent to own homesBuying a Home in Gallatin, TN
Gallatin, TN is seeing rapid growth and Gallatin, TN's' housing market remains not optimal with an average home price that is 12% above the 2024 national average. Gallatin, TN is part of Sumner 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 Sumner is 0.69% which is below the national average, which is 0.99%.
Median Home Price in Gallatin, TN
Median Rent in Gallatin, TN
Top 4 Reasons to Live in Gallatin, Tennessee
Gallatin is where the jobs are! Gallatin is considered the employment hub for the northeastern region of the Nashville Metropolitan area. Besides being home to The Gap's largest worldwide distribution center, Gallatin is also the location of ServPro Industries, Samick Music and Sumner Regional Medical Center. Gallatin has also recently been designated as a Foreign Trade Zone, encouraging international commerce through a variety of tax incentives, making companies within the zone more competitive.
Get there from Gallatin! Getting around the greater Nashville Metropolitan area is easy from a home base in Gallatin. The city features a rapid bus service from Gallatin to Nashville and plans are in the works for more regional mass transit opportunities. The Sumner County Regional Airport also makes its home in Gallatin and has plans to expand its runway in the near future. Whatever your travel plans, you can get there from Gallatin. Gallatin also boasts of being within one day's drive of over 75 percent of the United States, as the city is within 500 miles of most major cities east of the Mississippi River.
Gallatin real estate is varied! Whether you are looking for farm land or apartment living in the historic town square, Gallatin has something for everyone. From new homes in the beautiful Fairview Plantation or Elk Acres neighborhoods, to rent to own homes, southern estate homes for sale and town-home living, Gallatin has something for every taste and budget.
Home occupancy high in Gallatin! Gallatin boasts a more than 70 percent owner-occupancy rate for all homes in the area. Rental units are also popular in Gallatin, making up slightly more than 25 percent of all household units in the city. Vacant homes make up less than 5 percent of all properties in Gallatin. Gallatin realtors, such as Martin Realty House and Bob Parks Realty of Gallatin can help you find the perfect property for your unique real estate needs.