Rent to own Homes in Harrisonburg, VA
Location, location. Harrisonburg is the county seat of Rockingham County, Virginia and is located in the picturesque Shenandoah Valley area. Even so, it is adjacent to a major interstate (I-85) for easy travel. This is a beautiful place to rent to own and put down deep roots.
Harrisonburg, VA is a great place for affordable rent-to-own homes! With a median household income of over $49,117 and a median rent of $911, the Harrisonburg, 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 Harrisonburg, 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 Harrisonburg, VA Property Resources
Rent to own Homes in Cities Near Harrisonburg, VA
- Belmont Estates
- Bergton
- Bridgewater
- Broadway
- Criders
- Crimora
- Crozet
- Dayton
- Dooms
- Dyke
- Earlysville
- Elkton
- Fishersville
- Fort Defiance
- Fort Valley
- Fulks Run
- Greenwood
- Grottoes
- Harrisonburg
- Harriston
- Hinton
- Jolivue
- Keezletown
- Linville
- Massanetta Springs
- Massanutten
- Mathias
- Mc Gaheysville
- Mount Clifton
- Mount Crawford
- Mount Jackson
- Mount Sidney
- Mount Solon
- New Hope
- New Market
- Orkney Springs
- Penn Laird
- Port Republic
- Quicksburg
- Shenandoah
- Singers Glen
- Stanley
- Staunton
- Timberville
- Verona
- Waynesboro
- Weyers Cave
Neighborhoods in Harrisonburg, VA
Harmony Heights rent to own homes Dutch Mill And Holly Courts rent to own homes Collicello Corridor rent to own homes Sunrise Heights rent to own homes Park View rent to own homes Waterman rent to own homes Pleasant Acres rent to own homes Culinary District rent to own homes Old Town rent to own homes Northeast Harrisonburg rent to own homesMedian Home Price in Harrisonburg, VA
Median Rent in Harrisonburg, VA
Top 10 Reasons to Live in Harrisonburg
Let's do business. Forbes rates Harrisonburg in the Top 50 for Small Places for Business and Careers. One reason is that education is one of the top industries in town, and there are two universities located here; James Madison and Eastern Mennonite.
Get to work! The unemployment rate in Harrisonburg hovers between 5 and 6%, much lower than the national average. Additionally, the city has a net positive job growth in the past few years, a boast not many cities can make.
Lots of history. Early settler Thomas Harrison deeded several acres of land for the public good in 1778, and Harrisonville was born. The city grew rapidly once the railroad came to town and made shipping farm goods and poultry easier, and warehouses, hotels and factories were built. Visitors today love to tour the historic downtown district and Court Square.
Civil war buffs dream. If you enjoy the history of the war between the states, the Shenandoah Valley, Harrisonburg and the SV Battlefields National Historic District is an amazing place to learn more. At the Hardesty-Higgins House Visitor Center, you will find the Civil War Orientation Center that outlines the Valley's part in the war.
Downtown renaissance. Since 2003, a concerted effort anchored by the Virginia Main Street program, has been working to revitalize the downtown area. A project to convert a city landmark, the Wetsel Seed Company, into office space and apartment buildings is underway, as is downtown streetscaping. Finding a rent to own home close to this revived downtown would be a major score.
Get outside and play. Outdoorsy types will revel in the Harrisonburg area. There are amazing hiking trails, good hunting and fishing opportunities, trails for bikers, water sports in the summer and winter skating, skiing and snowboarding when the thermometer dips.
Diverse housing stock. Harrisonburg has a diverse mix of homes, from single family dwellings to row houses and other attached homes, mobile homes, high rise and smaller apartment buildings. More than 70% of the housing units have been built since 1970, and there are rent to own houses in all price ranges.
Affordable property. The vast majority of homes in Harrisonburg fall in the $92,000 to $276,000 range; there are bargains to be found as well as luxury homes available above and below those numbers.
Good rental choices. Over 60% of the housing units in Harrisonburg are rental properties; being a college town, this is not terribly unusual. It does offer lots of choices when looking for a place to live, especially during the summertime school break. The median rental price in town is $710.