Rent to own Homes in Lowell, MA
With a population of just over 100,000 residents, Lowell is the fourth-largest city in Massachusetts and was originally founded in the 1820s as a manufacturing center. These days, Lowell is a beautiful and family friendly city with great schools, good jobs and an always improving infrastructure. Much of Lowell's history as been preserved as well, in the form of its many historic buildings.
Lowell, MA is a great place for affordable rent-to-own homes! With a median household income of over $62,196 and a median rent of $1,229, the Lowell, 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 Lowell, 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 Lowell, MA Property Resources
Rent to own Homes in Cities Near Lowell, 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 Lowell, MA
Pawtucketville rent to own homes The Acre rent to own homes Centralville rent to own homes Belvidere rent to own homes Downtown rent to own homes Back Central rent to own homes Highlands rent to own homes South Lowell rent to own homesPopular Zip Codes in Lowell, MA
01853 rent to own homes 01852 rent to own homes 01854 rent to own homes 01850 rent to own homes 01851 rent to own homesBuying a Home in Lowell, MA
Lowell, MA is seeing rapid growth and Lowell, MA's' housing market remains not optimal with an average home price that is 31% above the 2024 national average. Lowell, 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 Lowell, MA
Median Rent in Lowell, MA
Top Reasons to Live in Lowell MA
Housing Statistics Renting to own a home or buying one outright are decisions every home buyer has to make. The same is true of apartment dwellers. You need to decided between a month to month rental or a more lengthy lease. The more information you have, the more able you will be to find a situation that works well for you and your family.
Weather and Climate Lowell weather tends to be warm during summer when temperatures are generally in the 70's and fairly cold during winter when temperatures are normally in the 20's.
Tourist AttractionsThe Lowell National Historical Park is one of the most interesting in the area because of its focus on the city's role in the industrial revolution in America.
Local Sports If sports is your great love and passion, Lowell will not disappoint you. There are a wide variety of options at the collegiate level with the University of Massachusetts at Lowell leading the pack. Soccer, Basketball, Baseball, Softball, Track & Field, Field Hockey Cross Country, Volleyball, Rowing are all available through the University at the Division II level with the addition of a Division I level Hockey team. There are also the Lowell Spinners, a short season affiliate of the Boston Red Sox.
Largest Employer and Industries Lowell has a unique position in the business industry because so many major companies and products got their start here. This is where CVS Pharmacy, Wang Laboratories and Market Basket all were founded. Currently there are a number of business sectors that are thriving with technological and pharmaceutical topping the list, ranging from Motorola and Siemens to Lowell General and the University of Massachusetts.