Rent to own Homes in Arlington, MA
More valuable than the big city. At a median value of $533,000, properties in Arlington prove to be more valuable that those of metropolitan Boston, where the median is $351,600. These estimates concern not only for sale real estate but also rent to own homes and properties that are not on the market.
Arlington, MA is a great place for affordable rent-to-own homes! With a median household income of over $114,576 and a median rent of $1,756, the Arlington, MA 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 Arlington, MA. 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 Arlington, MA Property Resources
Rent to own Homes in Cities Near Arlington, MA
- Abington
- Andover
- Arlington
- Avon
- Bedford
- Belmont
- Beverly
- Boxford
- Braintree Town
- Brockton
- Burlington
- Carlisle
- Chelsea
- East Bridgewater
- East Weymouth
- Everett
- Georgetown
- Hanson
- Hingham
- Holbrook
- Hull
- Lawrence
- Lincoln
- Lynn
- Lynnfield
- Malden
- Marblehead
- Medford
- Melrose
- Methuen Town
- Middleton
- Nahant
- North Reading
- North Scituate
- Peabody
- Reading
- Revere
- Saugus
- Somerville
- Southfield
- Stoneham
- Swampscott
- Tewksbury
- Topsfield
- Wakefield
- West Concord
- Westford
- Wilmington
- Winchester
- Woburn
Neighborhoods in Arlington, MA
Arlington Center rent to own homes East Arlington rent to own homes Arlington Heights rent to own homes Brattle rent to own homesBuying a Home in Arlington, MA
Arlington, MA is seeing rapid growth and Arlington, MA's' housing market remains not optimal with an average home price that is 216% above the 2024 national average. Arlington, MA is part of Middlesex 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 Middlesex is 1.04% which is above the national average, which is 0.99%.
Median Home Price in Arlington, MA
Median Rent in Arlington, MA
Top 9 Reasons to Live in Arlington
Historic highlights. The town was settled in 1635 before receiving the name Arlington in 1867, which honors the heroes buried at Arlington National Cemetery. The Arlington Historical Society takes charge of the past by preserving important landmarks like the Jason Russell House, built in 1740.
Discounts abound. Almost 16% of Arlington houses get a price cut, whether they're mortgage financed, cash bought, or rent to own homes. Almost a third sell below the original listing price. For comparison, in Boston, about 24% receive the cut and nearly a third sell below the original.
By land and water. Residents can enjoy outdoor activity at many parks and recreational facilities. The Great Meadows comprises 183 acres of undeveloped land with over 400 species of plants and animals. Spy Pond Park offers access to its namesake pond with a boat ramp. And Summer Street Park contains a lighted baseball diamond, basketball courts, slides, and swings.
Bigger house sizes. Almost three quarters of Arlington residences are 1,400 square feet or bigger, with more than a quarter ranging between 1,800 and 2,400 square feet. Properties in Boston tend to be smaller, with almost 60% less than 1,800 square feet, and over a quarter under 1,000 square feet.
Footlight fantasies. The AFD Theatre presents stage performs in the form of classic dramas and comedies as well as musicals. More eclectic fare comes from the Regent Theatre, which was established in 1916. It stays true to its vaudeville roots with musical performances, monologues, films, and comedy.
Going up. In the past year, Arlington property values have gone up by 8.8%. The trend will produce a 2.7% increase in the coming year. This compares to Boston's one year change of 8% and one year forecast of 2%.
Buying at home. The Arlington Chamber of Commerce wants your dollars to stay in the city with Shop Arlington First. This programs allows gift certificates to be used at participating retailers like Firefly Moon, a boutique of artist created gifts.
Negotiating lower offers. A bit of negotiating can reduce what you pay by for your property purchase by almost 5%. The median list price of a residence in Arlington is $549,000. Yet, the median sale price is lower at $525,300. For the same results with a rent to own house, have a local real estate agent do all the negotiating.