Rent to own Homes in Malden, MA
Residential exemption! Residents of Malden can qualify for an owner-occupied residential exemption under certain specified conditions, saving hundreds of dollars in taxes. With more than 26,000 1, 2 and 3-family homes available, chances are good that you can find rent to own homes in this charming city. Check the areas of Maplewood or Ferry St. for some good choices.
Malden, MA is a great place for affordable rent-to-own homes! With a median household income of over $73,399 and a median rent of $1,650, the Malden, 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 Malden, 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 Malden, MA Property Resources
Rent to own Homes in Cities Near Malden, 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 Malden, MA
Ferryway rent to own homes Edgeworth rent to own homes Oak Grove rent to own homes Malden Center rent to own homes Bellrock rent to own homes Maplewood rent to own homes Malden Center rent to own homes Upper Highlands rent to own homesPopular Zip Codes in Malden, MA
02148 rent to own homesBuying a Home in Malden, MA
Malden, MA is seeing rapid growth and Malden, MA's' housing market remains not optimal with an average home price that is 106% above the 2024 national average. Malden, 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 Malden, MA
Median Rent in Malden, MA
Top 14 Reasons to Move to Malden, MA
Play ball! Locals love local sports, and 30 parks within the city promote tennis, soccer and basketball matches every possible weekend. A 400-meter synthetic running track at MacDonald Stadium gets a lot of use, and a city pool and 30,000 sq. ft. fieldhouse are available for use by residents or to watch local teams compete.
Ease of commuting! Malden has the 5th busiest station in the Boston MBTA system, more than 12,000 passengers a day. Considered a close-in community, travel time to Downtown business centers can be as little as 30 minutes. Median home prices have been rising here since the 2007 slowdown, and permits for new construction are also up following the slump.
In the know! Malden Access Television operates 3 public access TV channels, and the city also boasts 3 newspapers - 2 weeklies and a daily. Among its best known residents, Malden counts Walter Brennan and Earle Stanley Gardner, as well as artists, sports figures and government officials.
Victorian style! Although there are newer developments and modern buildings, Malden is known for its well-preserved historic homes, and there is an active neighborhood preservation program. Research rent to own houses and their histories through the library's historical and genealogy collections. Designed by Henry Hobson Richardson, the library has more than 220,000 volumes and is listed on the National Register of Historic Places.
Business center! More than 1,800 firms have their home in Malden. The 5-square-mile city is headquarters to New England Coffee in the Bellwood neighborhood. The Taste of Malden is held each spring to focus attention on Malden's restaurants.
Waitt's Mount! The tallest point in Malden is only 293 feet above sea level, but it is said to have been a vantage point for watching the Battle of Bunker Hill! Today, it is the site of a historical park, and you can view the Boston skyline or enjoy a picnic.
First to Rebel! Malden residents stopped drinking tea in 1770 to protest the British Revenue Act of 1766. It wasn't until 1773 that their Boston neighbors threw the tea into the harbor! Malden is also proud of being the first town that presented a petition to the colonial government seeking separation from the British Empire.
Neighborhoods with Personality! The names are familiar from stories, books and history. Historic Suffolk Square was once located in the Faulkner neighborhood. Other residential areas where you can rent to own include Edgeworth and Ferryway, as well as Linden, West End and Forestdale.
The Fells! Middlesex Fells Reservation is a state park, and it's a bit of wilderness in the city. The 2,575-acre park meanders through several nearby towns and has great trails for dog-walking, running, mountain biking, skiing and rock climbing. You can also rent boats or canoes and take sailing lessons at Spot Pond.
Getting Away! With easy (for Boston) access to Logan Airport, and highways in all directions, it's relatively quick to get out of town - popular getaways include weekends in Portsmouth, NH, the Berkshires in Western Massachusetts, or Newport, RI.
Culture! The attractions of Boston are hard to ignore: You'll cheer for the home team, the Red Sox, whether they win or lose. Symphony, art, museums and theater are all abundant. Even the odd attractions of Salem are not far away, and especially fun at Halloween!
Food! There's a lot to like here, from lobster to pizza that some people insist is better than Chicago's or New Jersey's. But, that's a whole other debate. Local restaurants are often "Mom and Pop" cafes and bring out neighborhood residents in droves. In Malden, try some of the local options around Malden Square, or on Pleasant Street before heading off to Boston. The Doo Wop Diner on Main looks just like a 50's teenage hangout. You'll love it!
Lots of Rentals! More than 50% of properties are renter occupied, so you shouldn't have trouble finding a place to rent. Try Linden or Eastern Ave. for some options.