Rent to own Homes in Laurel, VA
Located in Henrico County, Laurel has a population that has grown from 10,000 in 2000 to more than 16,000 today. As one of the fastest growing cities in the state, Laurel offers many outdoor activities. Home to the Laurel State Park and Three Lakes Park, residents will find affordable and easy access to nature trails, conservation land and numerous sports fields. In order to foster community spirit, the City of Laurel is the host of an annual Independence Day celebration.
Laurel, VA is a great place for affordable rent-to-own homes! With a median household income of over $57,307 and a median rent of $1,190, the Laurel, 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 Laurel, 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 Laurel, VA Property Resources
Rent to own Homes in Cities Near Laurel, 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
Neighborhoods in Laurel, VA
Laurel rent to own homesPopular Zip Codes in Laurel, VA
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Laurel, VA is seeing rapid growth and Laurel, VA's' housing market remains optimal with an average home price that is -4% below the 2024 national average. Laurel, 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 Laurel, VA
Median Rent in Laurel, VA
Top 5 Reasons to Live in Laurel, VA
Declining median sales price! During the height of the real estate market in 2008, the median sale price for a home in Laurel was nearly $200,000; however, prices have fallen significantly in the last six years to $140,482. With prices finally having stabilized, buyers can secure a great deal on a rent to own home in neighborhoods like Bosher and Mooreland.
Price cuts galore! Not only have 39.2 percent of listings had a price cut, but 32.7 percent of homes have also sold below the list price. This means that Laurel is a buyer's market with motivated sellers likely to accept an offer below list price to sell. Check out the communities of Westham and Canterbury to get the most home for your money.
Golfer's paradise! Work on your short game at the Golf Galaxy driving range before showing off your skills at the Laurel Hill Golf Club.
Plenty to do! Visitors to the Blue Ridge Parkway will want to stop at the Puckett Cabin in Laurel. One of the last few remaining log cabins in the state, the home was built in 1844 and was the residence of Orlean Hawks Bucket, who helped deliver more than 1,000 babies over a 50-year period. Take advantage of the beautiful weather with a visit to Groundhog Mountain for great hiking and numerous picnic sites.
Numerous restaurants! No matter what you're craving for a meal, Laurel has a restaurant for you. For the best homemade pasta and a delicious chicken parmigiana, head straight for Roma Ristorante Italiano on Staples Mill Road. Be sure to ask for their signature garlic bread. You can also head to the Kabuto Japanese House of Steak for table side service and steaks of meat cooked to absolute culinary perfection.