Rent to own Homes in Belmont, MA
Belmont, Massachusetts was formed in the mid-nineteenth century when residents of neighboring towns decided to form their own community west of Boston. It remained a quiet agricultural area until the 1920s, when streetcars connected Boston to the small, rural area. From then on, Belmont has been a residential suburb connected to the city by the MBTA Commuter Rail. Today Belmont is a small town of just under 25,000 people.
Belmont, MA is a great place for affordable rent-to-own homes! With a median household income of over $140,500 and a median rent of $2,062, the Belmont, 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 Belmont, 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 Belmont, MA Property Resources
Rent to own Homes in Cities Near Belmont, 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 Belmont, MA
Belmont Hill rent to own homes Cushing Square rent to own homes Belmont Center rent to own homes Waverley Square rent to own homesPopular Zip Codes in Belmont, MA
02478 rent to own homesBuying a Home in Belmont, MA
Belmont, MA is seeing rapid growth and Belmont, MA's' housing market remains not optimal with an average home price that is 315% above the 2024 national average. Belmont, 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 Belmont, MA
Median Rent in Belmont, MA
Top 5 Reasons to Live in Belmont, Massachusetts
Rising home values! Home values in Belmont have risen 4.8 percent over the past year. The average house value in Belmont is currently an astounding $779,100. Values are predicted to rise further in the future, making Belmont an excellent place to invest. The most upscale choices are in Belmont Hill, a neighborhood famous for its gracious mansions. For more modest homes to purchase or rent to own, try the Waverly area on the west side of town.
Celebrate local artists! Renowned American painter Winslow Homer lived on a farm in Belmont, and the Belmont Woman's Club has opened the William Flagg Homer House to the public. Homer depicted this mansion in several of his early works. The town of Belmont also operates Belmont Gallery of Art in its Town Hall complex. This exhibition space showcases the works of talented local artists and hosts cultural events for the public.
Affordable rent! The median rent in Belmont is $2,100, which is lower than the Greater Boston area average of $2,200 per month. Hill Estates is an affordable apartment complex located near scenic Silver Maple Forest and Little Pond. Houses for rent in all budgets ranges are available throughout the town as well.
Outstanding restaurants! For a small town, Belmont offers many choices of places to enjoy a meal away from home. Sushi-lovers will rejoice at newly-opened Gen Sushi, a small restaurant with a big menu. Their varied menu includes classics as well as new chef creations. If you prefer Italian, you can't go wrong at Il Casale. This bustling restaurant is jumping on a Saturday night, and classic dishes from pumpkin ravioli to swordfish are sure to please. For dessert on a warm summer night, get an oversized ice cream cone at Rancatore's on Leonard Street.
Outdoor recreation! Golfers will love hitting the links at the Belmont Country Club, host of the 2015 CSP Championship. The club offers clay tennis courts as well. Adjacent to the country club is the Rock Meadow Conservation Area, where hikers can enjoy some hilly terrain for a good cardiovascular workout.