Rent to own Homes in Radford, VA
Located in the beautiful New River Valley, Radford is a small town that was first settled in the mid-1700s. Over the years, Radford has been known by several names, including Central Depot and Lovely Mount. In 1887, the town changed its name to Radford in honor of a well-known local doctor, Dr. John Blair Radford. Radford is also known for its Wildwood Park, a park smack dab in the center of the town with plenty of walking and biking trails for residents to explore.
Radford, VA is a great place for affordable rent-to-own homes! With a median household income of over $34,576 and a median rent of $839, the Radford, 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 Radford, 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 Radford, VA Property Resources
Rent to own Homes in Cities Near Radford, VA
- Ballard
- Belspring
- Belview
- Bent Mountain
- Blacksburg
- Callaway
- Catawba
- Check
- Christiansburg
- Copper Hill
- Dublin
- Eggleston
- Elliston
- Fairlawn
- Floyd
- Gap Mills
- Glenvar
- Indian Valley
- Lafayette
- Lindside
- Merrimac
- Newport
- New River
- Paint Bank
- Parrott
- Pearisburg
- Pembroke
- Pilot
- Plum Creek
- Prices Fork
- Pulaski
- Radford
- Riner
- Ripplemead
- Salem
- Shawsville
- Snowville
- Staffordsville
- Waiteville
- Willis
Neighborhoods in Radford, VA
No neighborhoods foundMedian Home Price in Radford, VA
Median Rent in Radford, VA
Top 5 Reasons to Live in Radford, VA
Median home values continue to rise! In 2000, the average house value in Radford was $93,100. In 2012, it was $132,566. Because Radford University's enrollment has grown every year since 2009, it's not surprising that property values have also increased. Higher enrollment means that homes, including rent to own houses, are in demand for the increased number of students, faculty and staff as well as for employees of local eateries such as Macado's and River City Grill.
Take a hike! Radford has a number of great trails that are suitable for both casual hikers and those who love to challenge themselves. For a light hike, try the three-mile, paved Riverway Trail that runs between the City of Radford and the college. If you're interested in more challenging hikes, you can attempt part of the Appalachian Trail, which is just 25 miles away, or head over to the Radford Mountain Bike Park, which boasts 12 trails that are perfect for hiking or biking.
Affordable housing available! The median sale price of a home in Radford is $120,265. In comparison, the median value in Virginia is $232,400. Are you searching for a property to rent out? Look near the university's campus on bordering streets such as Tyler or Fairfax. If you'd prefer to live on the outskirts of town, look for a neighborhood like Herons Landing, located on the northeast side of Radford.
Living is easy on the New River! In the summer, you can enjoy floating down the beautiful New River in a tube or kayak. You can find boat launches in several places in Radford, including in Riverview Park and at Dudley's Landing.
A walkable downtown! You'll find several places to dine and shop in Radford's compact downtown area, including BT's, a full service restaurant, and Frosty Parrot, a frozen yogurt shop.