Rent to own Homes in Tuckahoe, VA
Values rising. Despite reaching a low in early 2012, the median value of Tuckahoe properties has risen by 3% over the past year. It is projected to go up by 1% in the coming year. This value combine the worth of all residences in the area, whether they're on the market, not for sale, or rent to own.
Tuckahoe, VA is a great place for affordable rent-to-own homes! With a median household income of over $81,170 and a median rent of $1,177, the Tuckahoe, 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 Tuckahoe, 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 Tuckahoe, VA Property Resources
Rent to own Homes in Cities Near Tuckahoe, VA
- Ashland
- Aylett
- Beaverdam
- Bellwood
- Bensley
- Bon Air
- Brandermill
- Chamberlayne
- Chester
- Chesterfield
- Colonial Heights
- Crozier
- Doswell
- Dumbarton
- East Highland Park
- Enon
- Ettrick
- Fort Lee
- Glen Allen
- Hanover
- Henrico
- Highland Springs
- Hopewell
- Innsbrook
- Lakeside
- Laurel
- Maidens
- Manakin Sabot
- Manchester
- Manquin
- Matoaca
- Meadowbrook
- Mechanicsville
- Midlothian
- Montpelier
- Montrose
- Moseley
- Oilville
- Petersburg
- Powhatan
- Providence Forge
- Quinton
- Richmond
- Rockville
- Ruther Glen
- Sandston
- Short Pump
- State Farm
- Sutherland
- Wyndham
Buying a Home in Tuckahoe, VA
Tuckahoe, VA is seeing rapid growth and Tuckahoe, VA's' housing market remains not optimal with an average home price that is 57% above the 2024 national average. Tuckahoe, 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 Tuckahoe, VA
Median Rent in Tuckahoe, VA
Top 9 Reasons to Live in Tuckahoe
Playing a round. Two golf clubs satisfy those with a passion for the links. The James River Country Club, which opened in 1931, was designed by James McMenamin but was updated in 2008 to take into account environmental sensitivity and modern golf technology. The Country Club of Virginia boasts three 18 hole courses as well as several rooms for events.
Lower sales prices. The median list price in Tuckahoe is $319,000. However, the median sale price is $259,700, which is almost 19% lower. This is considered a buyer's market for both traditionally financed or rent to own homes.
Natural borders. Two undeveloped areas help maintain the natural character of the area. One is Tuckahoe Island, a stretch of mostly forested land that is not an island at all. Another is the James River, with 340 miles that cross the entire state, through all of the southern border of Tuckahoe.
Discounted real estate. The median Tuckahoe value of $240,300 is just a starting point for negotiations. About 34% of listings get a price cut and almost 20% eventually sell for under the listing price. Ask a local agent how you can use this market to your advantage when finding a rent to own home.
Easy private car commute. Tuckahoe acts as a retreat from the hustle of Richmond and yet offers easy 17 minute access to the big city on I-64, assuming no traffic. You need a private car because the journey by public transit takes an hour and twenty minutes.
Stand alone pluses. A single family home means you don't have to contend with noisy neighbors to your sides or above and below you. Over 82% of Tuckahoe residences consist of this type of property with only 10.5% for condos. These are close to the percentages in nearby Richmond.
Genteel plantation. The Tuckahoe Plantation was built around 1733 and was the boyhood home of Thomas Jefferson. You can visit the gardens and grounds by yourself for a donation. Tours of the house are by appointment only. The grounds are also the site of Christmas Open Houses in the colonial style.
Vintage advantage. Want the character, style, and solidity of a vintage home? About three quarters of the real estate in Tuckahoe date from before 1959, with 31% built from 1940 to 1959. These are close to the percentages for Richmond real estate.