Rent to own Homes in Chester, VA
Chester is a nature lover's paradise, nestled between two prominent rivers in the County of Chesterfield. The region is rich in history, with stories of Henricus, Magnolia Grange and Pocahontas chronicled in museums and landmarks. Chester boasts over 30 parks and a variety of recreation programs. It is recognized as one of The 17th Best Places to Live in America and much of this is attributed to the collective efforts of residents, who are involved in fostering community pride.
Chester, VA is a great place for affordable rent-to-own homes! With a median household income of over $73,800 and a median rent of $1,226, the Chester, VA 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 Chester, VA. 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 Chester, VA Property Resources
Rent to own Homes in Cities Near Chester, VA
- Ashland
- Bellwood
- Bensley
- Bon Air
- Brandermill
- Chamberlayne
- Chester
- Chesterfield
- Church Road
- Colonial Heights
- Dinwiddie
- Disputanta
- Doswell
- Dumbarton
- East Highland Park
- Enon
- Ettrick
- Ford
- Fort Lee
- Glen Allen
- Hanover
- Henrico
- Highland Springs
- Hopewell
- Innsbrook
- Lakeside
- Laurel
- Manakin Sabot
- Manchester
- Manquin
- Matoaca
- Meadowbrook
- Mechanicsville
- Midlothian
- Montpelier
- Montrose
- Moseley
- Petersburg
- Powhatan
- Prince George
- Providence Forge
- Quinton
- Richmond
- Rockville
- Rockwood
- Sandston
- Short Pump
- Sutherland
- Tuckahoe
- Wyndham
Neighborhoods in Chester, VA
Chester rent to own homesPopular Zip Codes in Chester, VA
23831 rent to own homesBuying a Home in Chester, VA
Chester, VA is seeing rapid growth and Chester, VA's' housing market remains not optimal with an average home price that is 7% above the 2024 national average. Chester, VA is part of Chesterfield 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 Chesterfield is 0.83% which is below the national average, which is 0.99%.
Median Home Price in Chester, VA
Median Rent in Chester, VA
Top 6 Reasons to Live in Chester, VA
Explore a wondrous nature sanctuary! The town is home to the Dutch Gap Conservation Area, an 810-acre natural habitat for hundreds of indigenous species. Located just south of Richmond, it is also a great place for hiking and canoeing. A similar wildlife theme is offered at Pocahontas State Park on State Park Road.
Tour the town's most defining landmark! Henricus Historical Park on Henricus Park Road provides a glimpse into the town's past. The landscape is documented as the second permanent English settlement in the New World. On the way to this historic park is another noteworthy landmark, the Colonial Triangle, just minutes from the Interstate 95 Hopewell exit.
Adventure shop of collectibles! The Lazy Daisy Gift Shop on Old Hundred Road is one of the town's most eclectic attractions, filled with an overwhelming stock of collectibles, antiques and specialty gift items. She Chester in Chester Village is less quirky, but also contains unique gift items, including craft jewelry, handbags, boots and more.
Chains of enchanting parks! Run, jog, hike and picnic within the many lush parks of Chester. The R. Garland Dodd Park At Point of Rocks on Enon Church Road is a fantastic atmosphere for just about any outdoor activity--soccer, baseball, basketball and more. White Bank Park in Colonial Heights also caters to everyone's favorite activity; it's great for dog lovers and fans of musical festivals.
Lucrative real estate environment! The town offers generous incentives to investors, including fast tracking their business' development and supplying them with low cost machinery and tools. Chester has one of the lowest tax rates on construction tools and some of these cost savings have flowed into the residential market. Home buyers will discover that the median home value in Chester is 13.8 percent less than the Virginia average and that 65.6 percent of residents are homeowners. House-market savings are also seen in rent to own contracts, where individuals negotiate their own terms. Spacious homes are available on Hamlin Terrace, north of Chester Road, and on Escoff Avenue.
Bargain rental homes! The occupancy rate for rentals in Chester is 11.5 percent, which is a reasonable turnover rate. Renters will have little trouble finding suitable homes at bargain prices. What's more, the median rental rate is 10.7 percent less than the state's average. Therefore, Townhouses in gated communities, like those on Chestertown Road and Chester Village Drive, offer renters more value for less.