Rent to own Homes in Lexington, MA
Lexington oozes history from every alley, square and street. You can get in on the friendly competition with neighboring Concord when it comes to where the Revolutionary War started, since both towns lay claim to the title. Lexington is a historic city that has become a suburb of greater Boston but still maintains strong ties to the past. The great sports teams of Boston are nearby and the New England countryside is just a short drive away.
Lexington, MA is a great place for affordable rent-to-own homes! With a median household income of over $185,686 and a median rent of $2,431, the Lexington, 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 Lexington, 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 Lexington, MA Property Resources
Rent to own Homes in Cities Near Lexington, MA
- Andover
- Arlington
- Attleboro
- Avon
- Ayer
- Bedford
- Belmont
- Bolton
- Boxborough
- Braintree
- Braintree Town
- Brockton
- Burlington
- Carlisle
- Chelsea
- Everett
- Foxborough
- Holbrook
- Hudson
- Lancaster
- Lawrence
- Lincoln
- Lynn
- Lynnfield
- Malden
- Maynard
- Medford
- Melrose
- Methuen Town
- Middleton
- North Chelmsford
- North Reading
- Peabody
- Pelham
- Randolph
- Reading
- Revere
- Saugus
- Sharon
- Somerville
- South Boston
- Stoneham
- Tewksbury
- Tyngsboro
- Wakefield
- West Concord
- Westford
- Wilmington
- Winchester
- Woburn
Neighborhoods in Lexington, MA
Idylwide rent to own homes Prospect Hill rent to own homes Five Fields rent to own homes Lexington Town Center rent to own homes North Lexington rent to own homes Countryside rent to own homes Pheasant Brook Estates rent to own homes Peacock Farms rent to own homes East Lexington rent to own homes Follen Heights rent to own homesBuying a Home in Lexington, MA
Lexington, MA is seeing rapid growth and Lexington, MA's' housing market remains not optimal with an average home price that is 329% above the 2024 national average. Lexington, 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 Lexington, MA
Median Rent in Lexington, MA
7 Reasons to Live in Lexington, MA
Buyers market! The median sales price in Lexington near the end of 2014 was $460,750. That might seem like a lot, but it's down 34 percent from the previous year, indicating a market for property deal hunters. Search for rent to own houses built in recent years south of Lexington Reservoir or try closer to downtown for a truly authentic colonial home.
Trip back through history! Start with the Hancock - Clarke House, located on Hancock Street, which is named for John Hancock who lived in the house. Be sure to check out the back story on how it came to be in its present location. Check out Buckman Tavern and Munroe Tavern as well; both buildings played roles in the Revolution.
Day at the day spa! Bella Sante on Bedford Street is one of the highest-rated spas in the entire Boston metro area. Indulgence Day Spa is just a short walk away and is known for a high level of personal service.
Variety of home styles! Naturally, Lexington has colonial homes, with Dutch, Manor and English being the most common styles. There are also ranch-style split-level homes along with properties designed in a modern contemporary vein. Find big new homes near Pine Meadows Golf Club or condos near the National Heritage Museum.
Nice parks and green space! Forested areas with names like Willard's Woods, Lower Vine Brook, Whipple Hill and Arlington Great Meadow offer respite from city life.
Great eating options! Artistry on the Green is a local fave for gourmet burgers, while Royal India Bistro stands out for Indian cuisine. For tasty frozen treats, try Rancatore's Ice Cream.
Golf and more golf! Choose Lexington Golf Club and Pine Meadows Country Club in the north or take to the greens at Belmont Country Club on the south side of town.