Rent to own Homes in East Highland Park, VA
East Highland Park is an older "neighborhood" that feels like a small town transported from the past to the present. The town exemplifies "small town America." Composed largely of small to medium-size older homes on picturesque streets, with an ample share of schools, churches, public buildings, shops, restaurants and trees, it seems well-suited to the quiet lifestyle that its almost 15,000 residents appreciate.
East Highland Park, VA is a great place for affordable rent-to-own homes! With a median household income of over $55,512 and a median rent of $1,091, the East Highland Park, 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 East Highland Park, 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 East Highland Park, VA Property Resources
Rent to own Homes in Cities Near East Highland Park, VA
- Ashland
- Aylett
- Beaverdam
- Bellwood
- Bensley
- Bon Air
- Brandermill
- Central Garage
- Chamberlayne
- Charles City
- Chester
- Chesterfield
- Colonial Heights
- Disputanta
- Doswell
- Dumbarton
- East Highland Park
- Enon
- Ettrick
- Fort Lee
- Glen Allen
- Hanover
- Henrico
- Highland Springs
- Hopewell
- Innsbrook
- Lakeside
- Lanexa
- Laurel
- Manakin Sabot
- Manchester
- Manquin
- Matoaca
- Meadowbrook
- Mechanicsville
- Midlothian
- Milford
- Montpelier
- Montrose
- New Kent
- Newtown
- Providence Forge
- Quinton
- Richmond
- Rockville
- Ruther Glen
- Sandston
- Short Pump
- Woodlake
- Wyndham
Neighborhoods in East Highland Park, VA
Pemberton Place rent to own homes East Highland Park rent to own homesPopular Zip Codes in East Highland Park, VA
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East Highland Park, VA is seeing rapid growth and East Highland Park, VA's' housing market remains optimal with an average home price that is -29% below the 2024 national average. East Highland Park, VA is part of Henrico 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 Henrico is 0.77% which is below the national average, which is 0.99%.
Median Home Price in East Highland Park, VA
Median Rent in East Highland Park, VA
Top 6 Reasons to Live in East Highland Park, VA
Real Estate value! The median home value of $114,000 in East Highland Park is expected to rise 2.1% during the coming year. Approximately 63% of the homes are occupied by owners, with 31% rented and a 6% vacancy rate, which is close to the statewide mix. The most beautiful homes are located on the west side of town and when you own or rent a house here, you'll be close to Northeast Plaza Shopping Center.
Great rental homes! The average rent in East Highland Park is more than 20% lower than in the rest of Virginia and there is virtually no difference in cost of living. If you look for rent to own property close to Glenwood Golf Club, you may be able to sneak in a round whenever you wish.
Proximity to Richmond! You'll have access to all the best of Richmond attractions, including Maymont and the botanical gardens as well as all the history, architecture, culture and excitement of the capital. With Interstate 64 conveniently located on the west side, you'll be able to head out-of-town easily whenever the spirit moves you; go for a hike or some fishing in the area.
Livability! A score of 77 on the livability index make East Highland Park a great community to raise a family or to enjoy any kind of life you choose. You can take in a race at the nearby Richland International Raceway or grab an old-fashioned, cooked "just for you" lunch at the counter of Blair's Drugstore Family Diner!
Delicious dining! Plan a get-together at Croaker's Spot Express for some of the best and most memorable seafood and soul food you'll find anywhere. Dunn's Drive-In Barbecue offers a different kind of delight. In business since 1935, it's known for its sweet limeade, chicken livers, minced pork sandwich and for its cobbler.
Drive like a Pro! At the Richard Petty Driving Experience adjacent to the speedway track, you can have the experience of a lifetime; either ride along in a real Nascar on the short track or suit up and put your hands on the wheel for a few laps. If that sounds too stressful, head for G-Force Karts for a tamer experience.