Rent to own Homes in Chelsea, MA
Located in Suffolk County and home to over 25,000 residents, the city of Chelsea is separated from Boston by the Mystic River. The city hosts a great deal of industry and entertainment within its 2.5 square miles, which makes it ideal for those who want a small city experience while still being able to get to Boston in minutes. When you combine that with a rich history, booming art scene, and all sorts of activities, it's clear that Chelsea is a solid choice to make a home in the Boston region.
Chelsea, MA is a great place for affordable rent-to-own homes! With a median household income of over $60,370 and a median rent of $1,474, the Chelsea, 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 Chelsea, 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 Chelsea, MA Property Resources
Rent to own Homes in Cities Near Chelsea, 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 Chelsea, MA
Prattville rent to own homes Belingham Square rent to own homes Soldiers Home rent to own homes Admirals Hill rent to own homes Carter Park rent to own homes Mill Hill rent to own homes Broadway rent to own homes Addison - Orange rent to own homes AROD rent to own homes Carter Park rent to own homesPopular Zip Codes in Chelsea, MA
02150 rent to own homesBuying a Home in Chelsea, MA
Chelsea, MA is seeing rapid growth and Chelsea, MA's' housing market remains not optimal with an average home price that is 70% above the 2024 national average. Chelsea, MA is part of Suffolk 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 Suffolk is 0.78% which is below the national average, which is 0.99%.
Median Home Price in Chelsea, MA
Median Rent in Chelsea, MA
Top 6 Reasons to Live in Chelsea, MA
A Russian steam bath! Established over a century ago, Dillon's Russian Steam Bath is the first steam bath in the United States, and is located on Chestnut Street near Quigley Park.
Play paintball! Located on Webster Avenue near Malone Park is Boston Paintball, an indoor playing field that is designed for exciting fun. When the weather gets cold in the winter, this is one of the most popular recreation spots in town.
A market that's friendly to renters! With roughly 70 percent of housing units in Chelsea being leased, newcomers should have no problem finding a unit within a multi-family dwelling or apartment in Chelsea. Even getting a pad in convenient locations near Parkway Plaza Shopping Center, the Chelsea MBTA passenger rail station, or the New England Produce Center is entirely possible.
Homemade brews to try! Make sure to visit the Mystic Brewery for some naturally brewed artisan beers. In their tasting room you can sample Farmhouse Ale with Cape Cod cranberries or Melissa the Gruit Ale, which includes lemon balm, juniper, and lavender. The brewery is centrally located near Mystic Mall and U.S. Route 1.
Kites, picnics and waterfowl! At Mary O'Malley Park, the activities abound. With views of the Tobin Bridge, the Mystic River, and the spring bloom of cherry trees, this park is a natural wonder. There is a huge playground, tennis courts, picnic tables, and ample space for kite flying. Other popular green spaces in Chelsea include Merritt Park, which sits adjacent to Chelsea River, and Highland Park, which is great for soccer.
A great time to buy! Property values in Chelsea have risen 8.7 percent in the last year, and forecasts for the coming years show that value should continue to go up in the city. This means now is an advantageous time to purchase a home in Chelsea. Those wishing to lease should consider searching for rent to own properties as well. You can't go wrong with the Admiral Hill neighborhood or housing near Revere Beach Parkway.