Rent to own Homes in Sevierville, TN
Named after Revolutionary War hero Colonel John Sevier, the town and its namesake county is pronounced like Severe-Ville. The picturesque town located at the foot of the Great Smoky Mountains in East Tennessee is a popular destination for outdoor lovers. Indeed, tourists flock here every year to hunt, fish in the Little Pigeon River or ride the French Broad River's whitewater rapids. Plenty of people - 14,971 to be exact - like the area well enough to call it home year-round.
Sevierville, TN is a great place for affordable rent-to-own homes! With a median household income of over $43,307 and a median rent of $795, the Sevierville, TN 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 Sevierville, TN. 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 Sevierville, TN Property Resources
Rent to own Homes in Cities Near Sevierville, TN
- Baneberry
- Bean Station
- Bulls Gap
- Bybee
- Cosby
- Dandridge
- Del Rio
- Eidson
- Fairgarden
- Greeneville
- Hartford
- Jefferson City
- Kodak
- Midway
- Mohawk
- Mooresburg
- Morristown
- Mosheim
- New Market
- Newport
- Parrottsville
- Rogersville
- Russellville
- Rutledge
- Sneedville
- Strawberry Plains
- Talbott
- Thorn Hill
- Washburn
- White Pine
- Whitesburg
Neighborhoods in Sevierville, TN
No neighborhoods foundPopular Zip Codes in Sevierville, TN
37864 rent to own homesBuying a Home in Sevierville, TN
Sevierville, TN is seeing rapid growth and Sevierville, TN's' housing market remains not optimal with an average home price that is 1% above the 2024 national average. Sevierville, TN is part of Sevier 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 Sevier is 0.35% which is below the national average, which is 0.99%.
Median Home Price in Sevierville, TN
Median Rent in Sevierville, TN
Top 4 Reasons to Live in Sevierville, TN
Strong rental market! Of all housing units in Sevierville, more than 40 percent are considered rental units, compared to just 30 percent nationwide. This larger rental market means finding a rental house or rent to own home won't take forever, especially in neighborhoods that have a good mix of renters and owners, such as Yettland Park. Homes in suburban Yettland Park come in a range of sizes, but if rural is what you want, look for a home in Pleasant Hill.
Home prices on the rise! The median house price at $136,100 is still lower than the national median price of $170,100, even though home values are steadily appreciating. At more than 15 percent in the last 10 years, home values have increased at a rate higher than the national average of almost 13 percent. Choosing a newer home in Seymour, a community that is constantly expanding, or in the more-rural areas of Fair Garden or Alder Branch, will help you build equity quickly.
An outdoor paradise! There seems to always be something to do outdoors in Sevierville, where the Great Smoky Mountains meet the Tennessee Valley. Residents enjoy hiking the 800 miles of trails in the Great Smoky Mountains National Park; many trails here end at a waterfall, stream or creek. Night zip lining at Adventure Park at Five Oaks, exploring the limestone Forbidden Caverns and crossing the country's longest swinging bridge at Foxfire Mountain are also popular local outdoor activities.
Dollywood, not Hollywood! Country powerhouse Dolly Parton was born in Sevierville, and she has certainly left her stamp on her hometown. Not only can you drive along the Dolly Parton Parkway or catch a glimpse of the Parton statue in front of the courthouse, but you can also spend the day (or a few days!) at the Dollywood Amusement Park. Award-winning wooden roller coasters, themed old-fashioned diners, winged roller coasters and foot-stomping live entertainment have made the amusement park the state's #1 attraction.