Rent to own Homes in Murrells Inlet, SC
Murrells Inlet, SC is a great place for affordable rent-to-own homes! With a median household income of over $60,487 and a median rent of $1,129, the Murrells Inlet, SC 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 Murrells Inlet, SC. 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.
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Rent to own Homes in Cities Near Murrells Inlet, SC
Neighborhoods in Murrells Inlet, SC
Wachesaw Plantation East rent to own homes Murrells Inlet Histroic District rent to own homes Wachesaw Plantation rent to own homes Murrells Inlet rent to own homesPopular Zip Codes in Murrells Inlet, SC
29576 rent to own homesBuying a Home in Murrells Inlet, SC
Murrells Inlet, SC is seeing rapid growth and Murrells Inlet, SC's' housing market remains not optimal with an average home price that is 23% above the 2024 national average. Murrells Inlet, SC is part of Georgetown 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 Georgetown is 0.46% which is below the national average, which is 0.99%.