How Big Businesses Affect the Real Estate in Rural Towns

by Danielle Pierro 06/27/2021


 Photo by Vit Ducken via Pixabay

There has been a lot of concern about the state of rural America and how it's being affected by large businesses. Big box stores like are said to destroy local businesses, causing an economic drought in small towns. But despite the statistics, there's a bigger picture to consider. We'll look at how big businesses cause big and small changes alike for the rural homelands of America. 

The Dominos 

Many people living in a small town will tell you that big business destroys it from the outside in. In Winchester, IL, one local lawyer met serious challenges in trying to get a local market off the ground, largely because his main produce supplier backed out of their original deal. 

His concern is that if neighbors can't even buy a banana in their town, what exactly is their incentive to stay? There are about 5 million people living in rural areas that need to travel at least 10 miles or more to purchase fresh (not prepackaged or frozen) groceries. 

Real Estate in Rural America 

The story of grocery stores is an important one when trying to understand the larger effects of what big businesses do to small towns. These anecdotal tales support the larger real estate trends in America, in that there are few people moving to small towns. This lack of interest has caused very few property owners to improve or modernize properties in rural areas.

The scarcity of well-maintained homes has caused their value to increase. So while the average cost of a home in rural America may seem very affordable, it's likely because the home is in a state of disrepair. In addition, financing may be difficult to obtain, due to the lack of available lenders in the area. 

The Good News 

The people who still live in rural America are not prepared to let their communities fall by the wayside. Across the country, residents are creating (and supporting) local markets that offer everything from fresh food to homemade crafts. Other communities are offering everything from utility credits to free swim passes for families. 

There are also government programs available that incentivize people to move to rural areas and invest their efforts into the forgotten properties. USDA loans offer extremely reasonable interest rates and lending terms to buyers who want the chance to own their own home and participate in their community. 

About the Author
Author

Danielle Pierro

I don’t just sell Real Estate, I sell PARADISE! 

As a Top Producer in Flagler County (Florida’s “Hidden Gem”), I'm passionate about Real Estate, and I LOVE what I do! I'm dedicated and committed to helping people find their dream home in Paradise, and equally as dedicated in helping to sell their home as quickly and stress free as possible. I consistently provide the highest level of service and an exceptional customer experience throughout the entire process.

I have achieved many prestigious awards resulting from hard work and dedication to my profession…..proving hard work really does pay off! Please call me, Danielle Pierro, at 914-760-0364 and let me help you with all of your Real Estate needs!

2019/2020 Board of Directors of the Flagler County Association of Realtors

Founder and VP of Flagler Business Professionals LLC – Networking Group