Rent to own Homes in Middletown, DE
Middletown is in New Castle County, the northernmost county in Delaware. The town was originally a tavern stop halfway between the Chesapeake Bay and Atlantic Ocean, along a popular road. When it was incorporated in 1861, town leaders limited the area of the town to just one mile square. Today, the town has outgrown those boundaries to comfortably house its population of about 18,800.
Middletown, DE is a great place for affordable rent-to-own homes! With a median household income of over $91,663 and a median rent of $1,311, the Middletown, DE 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 Middletown, DE. 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 Middletown, DE Property Resources
Rent to own Homes in Cities Near Middletown, DE
- Alloway
- Arrowhead Lake
- Bear
- Bellefonte
- Camden
- Camden Wyoming
- Carneys Point
- Cheswold
- Clayton
- Delaware City
- Dover
- Dover Afb
- Earleville
- Edgemoor
- Elkton
- Galena
- Glasgow
- Hancocks Bridge
- Hartly
- Highland Acres
- Hockessin
- Ingleside
- Kennedyville
- Kent Acres
- Leipsic
- Marydel
- Marydel
- Massey
- Middletown
- Newark
- Newport
- North East
- North Star
- Odessa
- Othello
- Penns Grove
- Pike Creek
- Pike Creek Valley
- Roadstown
- Sheppards Mill
- Smyrna
- St Georges
- Still Pond
- Sudlersville
- Templeville
- Wilmington
- Wilmington Manor
- Winterthur
- Wyoming
- Yorklyn
Neighborhoods in Middletown, DE
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Middletown, DE is seeing rapid growth and Middletown, DE's' housing market remains not optimal with an average home price that is 36% above the 2024 national average. Middletown, DE is part of New Castle 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 Castle is 0.55% which is below the national average, which is 0.99%.
Median Home Price in Middletown, DE
Median Rent in Middletown, DE
Top 6 Reasons to Live in Middletown, DE
Great local restaurants! Middletown has more than its fair share of great restaurants. One standout is 1861, a gastro-pub with outstanding food and a great wine list. There's also a variety of ethnic cuisine, including Japanese at Sushi Yama, Mexican at Los Machados, and Vietnamese at Nhu Vu.
Affordable rent! The average monthly rent in Middletown is just $1,033, and there are many apartments and rental homes to choose from. Middletown Apartments is a recently-built apartment complex with spacious closets and several floor plans. Townhomes on Liborio Drive offer lovely neighborhoods and great amenities.
Rising house values! The average house value in Middletown is $232,300, up almost 6 percent in the past year. Values are expected to continue rising in the coming year, so now is the time to invest here. High-end homes can be found in the Mount Pleasant neighborhood, while more affordable rent to own homes are available near the town center and along Summit Bridge Road.
Entertaining activities! Paint your own pottery at Your Creation Station, a great place for a unique party or night out with friends. You can also enjoy an afternoon of bowling at Mid County Entertainment and Bowling Center, which also offers snacks and an arcade. In October, Frightland is an amusement park that aims to scare, so bring a friend to hang on to.
Excellent local produce! For the freshest fruits and vegetables around, check out Filasky's Produce, a family-owned farm store. Visit during strawberry season to pick your own berries. Dutch Country Farmers Market has many vendors under one roof and is a convenient stop for Amish bacon, shoo fly pie, and more local treats. Stop by during one of their frequent special events to sample many items for free.
Lovely local parks! Middletown has several nicely maintained local parks in which to enjoy picnicking or hiking. Both Silver Lake Park and Charles Price Memorial Park offer ample space to relax.