Rent to own Homes in Highland Springs, VA
Originally founded as a resort town by real estate developer Edmund Sewell Read, Highland Springs once boasted a total of nine natural springs. With a population of 15,137, the town enjoys mild winters and moderate summers, with January highs at 47 degrees and July highs hovering around 89. Once a busy streetcar suburb for the bustling city of Richmond, Highland Springs offers a laid-back, small-town vibe with big city conveniences just minutes away today.
Highland Springs, VA is a great place for affordable rent-to-own homes! With a median household income of over $47,404 and a median rent of $1,101, the Highland Springs, 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 Highland Springs, 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 Highland Springs, VA Property Resources
Rent to own Homes in Cities Near Highland Springs, 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 Highland Springs, VA
Highland Springs rent to own homesPopular Zip Codes in Highland Springs, VA
23075 rent to own homesBuying a Home in Highland Springs, VA
Highland Springs, VA is seeing rapid growth and Highland Springs, VA's' housing market remains optimal with an average home price that is -31% below the 2024 national average. Highland Springs, 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 Highland Springs, VA
Median Rent in Highland Springs, VA
Top 6 Reasons to Live in Highland Springs, VA
Affordable house prices! With median housing list prices of $103,300, Highland Springs has an active market of houses for sale and rent to own homes at a variety of price points. In the area of North Elm Avenue, a mid-century, landscaped, four-bedroom home can list for less than $86,000, while near North Ash Avenue, a three-bedroom ranch can list for less than $95,000.
Cheaper rentals than Richmond! Highland Springs offers more affordable rental rates than Richmond, making it a popular place for business commuters. For example, in the neighborhood of North Ivy Avenue, a renovated two-bedroom bungalow can list for only around $800 a month, while a beautiful three-bedroom townhouse near Wales Drive might be less than $1,100 per month.
Shop until you drop! Highland Springs offers a full range of national retailers, including Target and JC Penney, at The Shops at White Oak Village. Music lovers in Highland Springs flock to locally-owned Vinyl Conflict Records, which has a huge selection of new and used recordings.
Plenty of outdoor recreation! A local favorite, Matthew James Robinson Park offers a lovely landscaped area for picnicking and walking. If you prefer taking a swing with a nine-iron, check out Highland Springs Golf Course, an 18-hole, par 70 course designed by Raymond F. Loving, Jr.
Civil War history at your doorstep! Just a few minutes down the road is Richmond National Battlefield Park, a scenic, historic park with original battle fortifications and artifacts. Another must-see destination is the American Civil War Center at Historic Tredegar, a fascinating museum with artifacts, documents and interactive exhibits.
Great places to eat! For a delicious snack, check out Williams' Bakery, which specializes in cupcakes, cakes, cookies, tarts and breads. When it's time for dinner, locals head over to Tops China Restaurant, where the sesame chicken is top-notch.