Lease to Own Raleigh Homes: What It Actually Costs
If you’re searching for lease to own Raleigh homes, here are the real numbers before you talk to anyone. Across the Triangle, the median home price is approximately $425,000, according to Triangle House Hunter. On a Lease Purchase home at that price, the down payment typically runs 2% to 5%, and monthly rent is generally set at fair market rent, close to $3,000 a month for a $425,000 home. If a program includes an equity share, rent is set above market instead. How a Lease Purchase Down Payment Works in Raleigh A Lease Purchase down payment is not a fee you pay to rent the home. It’s a down payment that goes toward your eventual purchase. In the Triangle, that