Rent to own Homes in Martinsville, VA
Once a land of tobacco farms, Martinsville, Virginia has morphed into a city of technology development and manufacturing. Home to one of the most popular tracks on the NASCAR circuit, Martinsville now thrives on growing industries like textiles and furniture. Martinsville, which is the official county seat of Henry County, has a population of just over 15,000 and was the birthplace of notable patriot and Revolutionary War politician Patrick Henry.
Martinsville, VA is a great place for affordable rent-to-own homes! With a median household income of over $36,166 and a median rent of $664, the Martinsville, 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 Martinsville, 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 Martinsville, VA Property Resources
Rent to own Homes in Cities Near Martinsville, VA
- Axton
- Bassett
- Callands
- Callaway
- Cascade
- Chatmoss
- Collinsville
- Critz
- Dry Fork
- Eden
- Ferrum
- Fieldale
- Glade Hill
- Henry
- Henry Fork
- Horse Pasture
- Laurel Park
- Lawsonville
- Madison
- Martinsville
- Mayodan
- Oak Level
- Patrick Springs
- Penhook
- Ridgeway
- Rocky Mount
- Sandy Level
- Sandy Ridge
- Spencer
- Stanleytown
- Stoneville
- Union Hall
- Villa Heights
- Wentworth
- Woolwine
Neighborhoods in Martinsville, VA
No neighborhoods foundPopular Zip Codes in Martinsville, VA
No zip codes foundMedian Home Price in Martinsville, VA
Median Rent in Martinsville, VA
Top 5 Reasons to Live in Martinsville, Virginia
Great job opportunities! Though few racing teams are headquartered in Martinsville, an abundance of learning opportunities, such as the program at Patrick Henry Community College, pave the way for jobs in NASCAR and other racing circuits. Martinsville is a manufacturing hub for commodities like textiles, plastics, furniture, and food products. Springs Global, Eastman, and Bassett Furniture are just a few employers in the area.
Culture and history! The Virginia Museum of Natural History, an affiliate of the Smithsonian Institute, is located here, as is the Piedmont Arts Association. Incorporated in 1928, Martinsville is the proud owner of 11 different places listed on the National Registry of Historic Places.
Affordable homes! Neighborhoods like Horse Pasture offer an abundance of rent to own and buying opportunities, and real estate prices here tend to be much more reasonable than other parts of Henry County and the rest of Virginia. Most of the neighborhoods offer convenient work opportunities and amenities like shopping at Liberty Fair Mall.
Low property taxes! During the recession, Martinsville lowered property taxes and began a multitude of other programs to help jump-start the local economy. The Martinsville Economic Development program and the Martinsville Real Estate Assessments office work hard to keep property taxes low to continue to encourage people to buy houses, start businesses and boost the local economy.
Enjoy the great outdoors! Martinsville is in one of the most scenic parts of Virginia and offers many opportunities for water sports, hiking and enjoying nature. Try kayaking, boating, fishing or swimming at nearby Lake Lanier and Smith Mountain Lake. Hikers can take advantage of Philpott Lake Trail, Beaver Creek Reservoir, Fieldale Trail, Patrick Henry Community College Trail Loop, and parks like Jack Dalton Park and Collinsville Jaycee Park. Whether you're a newbie to nature or an experienced survivalist, the perfect outdoor opportunity awaits you in Martinsville.