Rent to own Homes in Torrington, CT
Torrington is situated in northwest Connecticut amidst the Litchfield Hills. The Litchfield countryside is known for its scenic beauty, and (not surprisingly) living in a community set against the backdrop of these hills is likely to inspire overwhelming feelings of calm and tranquility. From a practical standpoint, Torrington is a great place to call home because of all the amenities it features. Home to a thriving arts community that includes the Warner Theater, the town also showcases beautifully preserved art deco architecture.
Torrington, CT is a great place for affordable rent-to-own homes! With a median household income of over $60,662 and a median rent of $951, the Torrington, 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 Torrington, 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 Torrington, CT Property Resources
Rent to own Homes in Cities Near Torrington, CT
- Avon
- Barkhamsted
- Beacon Falls
- Bridgewater
- Brookfield Center
- Candlewood Isle
- Candlewood Lake Club
- Canton Valley
- Cheshire Village
- Collinsville
- Cornwall
- East Village
- Falls Village
- Farmington
- Goshen
- Hamden
- Inglenook
- Knollcrest
- Litchfield
- Meriden
- Monroe
- Naugatuck
- New Britain
- New Hartford
- New Hartford Center
- New Milford
- New Preston
- Norfolk
- Northfield
- Northwest Harwinton
- Oakville
- Oxford
- Plainville
- Plantsville
- Riverton
- Sharon
- Southington
- South Kent
- Terryville
- Thomaston
- Torrington
- Waterbury
- Watertown
- Weatogue
- West Granby
- West Hartland
- West Simsbury
- Winsted
- Woodbridge
- Woodbury
Neighborhoods in Torrington, CT
No neighborhoods foundPopular Zip Codes in Torrington, CT
06790 rent to own homesBuying a Home in Torrington, CT
Torrington, CT is seeing rapid growth and Torrington, CT's' housing market remains optimal with an average home price that is -29% below the 2024 national average. Torrington, CT is part of Litchfield 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 Litchfield is 1.41% which is above the national average, which is 0.99%.
Median Home Price in Torrington, CT
Median Rent in Torrington, CT
Top 3 Reasons to Live in Torrington, Connecticut
Live, work and play. With 39.75 square miles of land featuring industrial parks, commercial and community property, Torrington is a great place to be. The city has a strong manufacturing scene, and the cost of living is on par with the national average. Finding the right home is just a matter of time. Though Torrington is known for its business offerings, its recreational options are just as enticing. Outdoor enthusiasts will swoon over the options for just about any outdoor activity. The John Minetto State Park is a fisherman's haven in the summer and a skiing destination in winter. Shoppers and lovers of cultural events will also stay entertained here. Torrington provides a variety of shopping venues and a revived downtown cultural center with the aforementioned Warner Theatre and the Nutmeg Conservatory.
Vibrant neighborhoods with affordable rent. Torrington's best-kept secret is an affordable renter's market. You can live it up here without breaking the bank! The median housing price is $183,300, which is about the same as the national average. Neighborhoods like those in the Hayden Hill and Goshen Road areas are established, vibrant communities with a decent supply of housing inventory. The additional good news is the stability of rent prices, which makes finding affordable rental homes a realistic goal, even if you're looking for rent to own properties.
Swing a club and ride a train. No matter your skill level, the Fairview Farm Golf Course and Club offer championship golfing for beginners and pros alike. The picturesque, 18-hole course is situated on 170 acres of land overlooking some of the best views around. Torrington residents get to play on this public treasure, whether they golf or not. That's because they can swing a golf club or swing the old fashioned way by hosting a party, wedding or even a corporate function at the club house. If either swing is not your thing, then off to the train depot you go. The restored Naugatuck Railroad offers train rides for young and old alike. A ride on this historic treasure will get you a magical view of Connecticut's Naugatuck River.