Rent to own Homes in Orange, CT
Originally bartered from Native Americans in the area for a kettle, 24 knives, 12 small mirrors, 10 blankets, 12 hatchets, six coats and 12 hoes in 1639, the town of Orange was once part of the adjacent city of Milford. In 1822, though, residents in the area decided that their population was large enough to form their own community. In a bit of irony, however, 1921 saw Orange lose its southeast portion when the city of West Haven was created.
Orange, CT is a great place for affordable rent-to-own homes! With a median household income of over $129,489 and a median rent of $1,543, the Orange, CT 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 Orange, CT. 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 Orange, CT Property Resources
Rent to own Homes in Cities Near Orange, CT
- Beacon Falls
- Botsford
- Branford Center
- Bridgeport
- Cheshire Village
- Cromwell
- Daniels Farm
- Durham
- Easton
- Fairfield
- Guilford Center
- Hamden
- Heritage Village
- Lordship
- Madison
- Madison Center
- Middlebury
- Middletown
- Milford city
- Monroe
- Murray
- Naugatuck
- New Britain
- New Haven
- Newington
- Newtown
- North Haven
- Orange
- Oronoque
- Oxford
- Plainville
- Plantsville
- Plattsville
- Sacred Heart University
- Sandy Hook
- Southington
- Stepney
- Stratford
- Stratford Downtown
- Terryville
- Thomaston
- Trumbull
- Wallingford Center
- Waterbury
- Watertown
- West Haven
- Woodbridge
- Woodbury
- Woodbury Center
- Woodmont
Neighborhoods in Orange, CT
Orange rent to own homesPopular Zip Codes in Orange, CT
06477 rent to own homesBuying a Home in Orange, CT
Orange, CT is seeing rapid growth and Orange, CT's' housing market remains not optimal with an average home price that is 80% above the 2024 national average. Orange, CT is part of New Haven 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 New Haven is 1.69% which is above the national average, which is 0.99%.
Median Home Price in Orange, CT
Median Rent in Orange, CT
Top 3 Reasons to Live in Orange Connecticut
Great homes with high values! Moving to Orange is a great investment for those looking at rent to own houses or who already have a mortgage and are ready to go. This is because, even in the wake of the economic recession that began in 2008, the Orange housing market has managed to maintain its value. In fact, the home values in the town are nearly double the national average. With a nearly five percent increase in valuations in the last decade, those making investments in real estate may also see their houses' values rise. So whether you live adjacent to Interstate 95 or in the pristine Race Brook Country Club area, you're making a great investment in sought-after real estate.
Tons of community gatherings! It's always a little difficult to move into a new area, but Orange makes it pretty simple to meet new people. In a tradition that stretches back to 1898, for instance, you can attend the Orange Country Fair and meet your neighbors over a tractor pull. Better yet, head over to the Orange Volunteer Fireman's Carnival to support the local fire department. Or go over to Orange Center Road and sign up for the volunteer fire department to show that you really care about the community.
High home ownership rates! One of the most telling statistics related to an area is the ownership rate of houses in the area. Areas that are more sought after have higher rates because people are more willing to make a long-term commitment to the area. This also results in neighbors who strive to keep a community nice. This rate in America is right around 57 percent, but in Orange, the ownership rate is over 82 percent. This is very telling, and only about five percent of homes are vacant. This means that your neighbors adjacent to the Housatonic River all the way to West Haven's city line are likely to become longtime friends. What better attraction could an area have?