Rent to own Homes in Lynchburg, VA
Historic Lynchburg lies in the foothills of Virginia's lovely Blue Ridge Mountains. Owing to geography and good fortune, Lynchburg has the distinction of being the only Virginia city not lost to the Union during the Civil War. Today it is a high-tech mecca and routinely ranks amongst the nation's best at providing government services electronically. It's also renowned as a higher-learning center, housing five colleges including Lynchburg and Randolph College.
Lynchburg, VA is a great place for affordable rent-to-own homes! With a median household income of over $49,201 and a median rent of $859, the Lynchburg, 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 Lynchburg, 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 Lynchburg, VA Property Resources
Rent to own Homes in Cities Near Lynchburg, VA
- Altavista
- Amherst
- Appomattox
- Arrington
- Big Island
- Buena Vista
- Coleman Falls
- Concord
- Evington
- Forest
- Gladstone
- Gladys
- Goode
- Huddleston
- Hurt
- Long Island
- Lowry
- Lynchburg
- Lynch Station
- Madison Heights
- Monroe
- Natural Bridge Station
- Norwood
- Pamplin
- Piney River
- Red House
- Roseland
- Rustburg
- Spout Spring
- Timberlake
- Tyro
- Vesuvius
Neighborhoods in Lynchburg, VA
Mayfield rent to own homes Bethel Park rent to own homes Maple Hills rent to own homes Hollywood rent to own homes Skyview Park rent to own homes Tyreeanna rent to own homes Beacon Hill rent to own homes Rivermont rent to own homes Lynchburg College rent to own homes Wiggington Heights rent to own homesPopular Zip Codes in Lynchburg, VA
24506 rent to own homes 24515 rent to own homes 24502 rent to own homesMedian Home Price in Lynchburg, VA
Median Rent in Lynchburg, VA
Top Reasons to Live in Lynchburg VA
Housing Market Lying far from the busy urban areas of eastern Virginia, Lynchburg enjoys a lower cost of living. The median home value is just over $139,000, nearly 40% below the state's average. Approximately 38% of residences are renter-occupied, and average rents are affordable at $668 monthly. Largely due to its collegiate population, nearly one third of all local residences experience turnover from year to year.
Lynchburg School Systems Over 9000 local children are served by the Lynchburg Public Schools, which includes programs for early learning and adult education as well. There are four area high schools, including the Central Virginia Governor's School for Science and Technology.
Commuting from Lynchburg Lynchburg is mostly a stand-alone city, but the commute to Charlottesville is reasonable enough to attract many opportunity-seeking residents. US-29 allows drivers to make the trip through the beautiful Virginia countryside in about an hour and fifteen minutes. Local Lynchburg-area commuters will find the going easy thanks to a nicely laid out assortment of highways and interchanges--important for a city with a land area of nearly 50 square miles.
Lynchburg Neighborhoods The city of Lynchburg is popular with younger residents, many fresh out of local universities. There are a number of distinct neighborhood districts, varying widely as to expense, venerability, and atmosphere. If you're looking for a place to call home in Lynchburg, you should check out these areas first: