Rent to own Homes in Willimantic, CT
What was once a town of only 20 people in the 1850s has ballooned into a thriving city of 17,737. Located in Windham County, Willimantic is only thirty minutes from Hartford and an hour from Providence. Highlights include the 3rd Thursday Street Fests held from May to September that allow local musicians and artists to show off their skills and the Prospect Hill Historic District, which has the highest number of historic buildings in the state.
Willimantic, CT is a great place for affordable rent-to-own homes! With a median household income of over $35,630 and a median rent of $881, the Willimantic, 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 Willimantic, 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 Willimantic, CT Property Resources
Rent to own Homes in Cities Near Willimantic, CT
- Agawam Town
- Amston
- Avon
- Berlin
- Brimfield
- Broad Brook
- Chicopee
- Coventry Lake
- Crystal Lake
- Eastford
- East Granby
- East Haddam
- East Hampton
- East Hartford
- East Windsor
- Ellington
- Feeding Hills
- Glastonbury Center
- Granby
- Hampton
- Hartford
- Hebron
- Holland
- Holyoke
- Lake Pocotopaug
- Longmeadow
- Monson Center
- New Britain
- Newington
- Palmer Town
- Portland
- Rockville
- Simsbury
- South Coventry
- South Glastonbury
- Southwood Acres
- Springfield
- Suffield
- Terramuggus
- Thompsonville
- Weatogue
- Westfield
- West Springfield
- West Suffield
- Wethersfield
- Willington
- Windsor
- Windsor Locks
- Woodstock
- Woodstock Valley
Neighborhoods in Willimantic, CT
No neighborhoods foundPopular Zip Codes in Willimantic, CT
06226 rent to own homesBuying a Home in Willimantic, CT
Willimantic, CT is seeing rapid growth and Willimantic, CT's' housing market remains optimal with an average home price that is -30% below the 2024 national average. Willimantic, CT is part of Windham 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 Windham is 1.29% which is above the national average, which is 0.99%.
Median Home Price in Willimantic, CT
Median Rent in Willimantic, CT
Top 6 Reasons to Live in Willimantic, CT
Stroll through revitalized downtown! Within the last few years, Willimantic's historic downtown has gone through a complete restoration. Voted a 2014 Fan Favorite Town by CT Magazine, Willimantic is home to eclectic stores like the Bench Shop and historic monuments like the iconic Frog Bridge.
Meet your neighbors at community events! Held weekly, the Windham Theatre Guild presents a different drama production ranging from Fiddler on the Roof to The Christmas Story. No matter what, you won't want to miss the annual February Chocolate Festival.
Vibrant natural food scene! In an effort to promote healthy living, Willimantic is home to a natural foods co-op. Located in the center of town, the market features locally grown grains, spices, dairy products and produce. In addition, The Farmer's Cow holds a weekly Farmers Market every Sunday from May 'til August that sells fresh fruit, veggies and meat.
Delicious restaurants to fulfill every craving! Because of the natural food scene in the town, many local restaurants are committed to using fresh and organic ingredients. For a twist on Irish fare, stop by the Harp on Church for the lightly breaded and baked fish and chips or the veggie sandwich. End any meal with a visit to A Cupcake for Later where the chocolate dipped Boston Creme will leave you begging for another bite.
More space for less! Newcomers to the area will be able to capitalize on Willimantic's affordable rent at an average price of $708/month. Because rent is so much lower than Hartford County ($938), buyers are able to get more space for less money. Look for a rent to own property along Ridgewood Road or State St.
Less expensive than nearby cities! With an average selling price of $229,700 in Franklin and $231,100 in Storrs Mansfield, Willimantic is a bargain at $122,800. Capitalize on the affordable homes in an area like North Street or Gem Drive.