Rent to own Homes in Williamsburg, VA
Williamsburg's population of just over 14,000 belies its importance in the history of the United States. Originally a grand plantation on the Virginia Peninsula, Williamsburg served as the capital of the Virginia Colony and was integral to the political events leading up to the American Revolution. Today, it's known as the site of tourist favorites like Colonial Williamsburg and Busch Gardens Williamsburg.
Williamsburg, VA is a great place for affordable rent-to-own homes! With a median household income of over $59,288 and a median rent of $1,153, the Williamsburg, 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 Williamsburg, 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 Williamsburg, VA Property Resources
Rent to own Homes in Cities Near Williamsburg, VA
- Barhamsville
- Benns Church
- Bethel Manor
- Bohannon
- Cardinal
- Carrollton
- Church View
- Cobbs Creek
- Deltaville
- Diggs
- Dutton
- Fort Eustis
- Fort Monroe
- Foster
- Gloucester
- Gloucester Courthouse
- Gloucester Point
- Gwynn
- Hallieford
- Hampton
- Hardyville
- Hartfield
- Hayes
- Hudgins
- Lancaster
- Locust Hill
- Mathews
- Moon
- New Point
- Newport News
- Norfolk
- North
- Onemo
- Poquoson
- Port Haywood
- Rushmere
- Saluda
- Scotland
- Seaford
- Shacklefords
- Smithfield
- Susan
- Toano
- Topping
- Urbanna
- Wake
- Weems
- White Stone
- Williamsburg
- Yorktown
Median Home Price in Williamsburg, VA
Median Rent in Williamsburg, VA
Top 6 Reasons to Live in Williamsburg, VA
Low property tax rates! Nationally the property tax rate is 1.38 percent, with Virginia lower (ranked 29th) at a rate of .74 percent, or an average total tax amount of $1,862. Williamsburg's annual average is even lower at $1,856. This lower rate helps make real-estate dollars go further, especially in sought-after neighborhoods like Holly Hills, known for its brick homes, and Kingsmill, a gated golf community.
Visit Europe! The theme park Busch Gardens Williamsburg allows visitors to tour Europe without ever leaving the city. While there are roller coasters to satisfy thrill seekers, the real draw is the chance to stroll through England, Ireland, Bavaria and more. The park is also the site of Jack Hanna's Wild Reserve, home to bald eagles and wolves.
A long, deep history! Williamsburg forms what is known as the Historic Triangle with Jamestown, VA, and Yorktown, PA. Colonial Williamsburg is a living-history museum that attracts millions of visitors annually. Other historic sites within the town include the site of the Civil War Battle of Williamsburg and Bassett Hall, the local home of financier John D. Rockefeller Jr.
Not your typical Southern accent! The area is known for its distinctive Tidewater accent, where house is pronounced as "hoose." Catch this charming accent when visiting local treasures like The Williamsburg Winery, the largest in the state, the Virginia Musical Museum and the Williamsburg Botanical Garden.
Step back in time! Much more than a tourist attraction, Colonial Williamsburg is an integral part of town. Churches, taverns and shops are still open for business, and reenactors live in the historic homes. Finding a rent to own home in this area isn't likely, but you can still spend time shopping and dining in the retail area known as Merchants Square. A farmers market is held in the square most weekends.
Strong rental market! More homes are rented here than in the nation on average. While just a third of homes in the country are considered rentals, Williamsburg boasts almost 47 percent of its housing market as rental homes. Communities such as New Town and High Street have plenty of rental options. These areas offer residents mixed-use developments with retail, dining and businesses.