12 Towns For Sale: Toomsboro, Georgia Latest Town for Sale

American homeownership levels are at a 15-year low as many people are renting instead of buying. But perhaps the opportunity to own your town could stir some potential homeowners out of their caves.

On sale for $2.5 million, the town of Toomsboro, Ga., about halfway between Atlanta and Savannah, is the latest in a slew of towns around the country that have drawn public attention for offering others the opportunity to play mayor.

Here are 12 towns that have been for sale.

David Bumgardner, a developer in south Georgia, is trying to sell 28 properties in the town of Toomsboro, which has 700 residents. Bumgardner purchased over 50 acres from preservationist Bill Lucado and