Rent to own Homes in Glen Allen, VA
Glen Allen, VA, started out as a small town near Richmond, but has since grown to one of the capital city's suburbs. With just under 15,000 residents, Glen Allen enjoys a small-town atmosphere with proximity to Richmond. This suburb has plenty of great offerings and this, along with real estate savings, make the commute to Richmond well worth the effort.
Glen Allen, VA is a great place for affordable rent-to-own homes! With a median household income of over $77,599 and a median rent of $1,241, the Glen Allen, 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 Glen Allen, 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.
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Rent to own Homes in Cities Near Glen Allen, VA
- Ashland
- Aylett
- Beaverdam
- Bellwood
- Bensley
- Bon Air
- Bowling Green
- Brandermill
- Bumpass
- Central Garage
- Chamberlayne
- Chester
- Chesterfield
- Crozier
- Doswell
- Dumbarton
- East Highland Park
- Glen Allen
- Hanover
- Henrico
- Highland Springs
- Innsbrook
- Lake Caroline
- Lake Land Or
- Lakeside
- Laurel
- Maidens
- Manakin Sabot
- Manchester
- Manquin
- Meadowbrook
- Mechanicsville
- Midlothian
- Milford
- Montpelier
- Montrose
- Moseley
- Newtown
- Oilville
- Powhatan
- Quinton
- Richmond
- Rockville
- Rockwood
- Ruther Glen
- Saint Stephens Church
- Sandston
- Short Pump
- Woodford
- Wyndham
Popular Zip Codes in Glen Allen, VA
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Glen Allen, VA is seeing rapid growth and Glen Allen, VA's' housing market remains not optimal with an average home price that is 10% above the 2024 national average. Glen Allen, 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 Glen Allen, VA
Median Rent in Glen Allen, VA
Top 5 Reasons to Move to Glen Allen, VA
Safe community! Crime is down in Glen Allen, likely because the town is host to the Virginia State Police First Division Headquarters. In addition, the Henrico County Fire Station 21 helps in all kinds of emergencies, helping to ensure residents here stay safe.
Affordable Richmond-area housing! Whether you're looking for rent to own homes or to buy new, housing in Glen Allen is much more affordable than in Richmond proper. Median home value in Glen Allen is $240,100 and the median gross rent is $1150 per month. This makes it a great community for young professionals and young families.
Gardener's delight! Residents can easily become green thumbs with help from The Greenhouse. With 12 nurseries and all the supplies you need to start growing, it's a favorite for gardeners in the area. Located at the outskirts of town on Brook Road, Five Little Azaleas Farm supplies nutrient-rich topsoil, healthy plants and other landscaping materials to homeowners in the area.
House values are going up! Throughout Virginia, property values are rising, and the same can be said for Glen Allen. While prices here haven't risen as quickly as they have in the metro-area, they still far exceed the national average. This development is helped along by community selling points like the Virginia Center Commons Mall Shopping Center and the Cultural Arts Center at Glen Allen.
Outdoor amenities! This little suburb has no lack of opportunities for outdoor recreation. Three city parks, Laurel Recreation Area, Longdale Recreation Center and North Run Park, provide opportunities for the whole family to unwind outdoors. Nearby Cave Conservancy of the Virginias can teach residents all about the land formations around Glen Allen and how best to live on them.