Rent to own Homes in Marblehead, MA
One of the finest towns on Massachusetts' North Shore, Marblehead, Massachusetts boasts a fantastic name and a fascinating history. At one time, the town was an important spot for Revolutionary War naval action. It has developed into a bustling suburb of Boston over the years, with residents attracted to its easy transportation routes to the south. The area also boasts several natural attractions, including fabulous fishing, yachting, swimming and sailing points, as well as an acclaimed wildlife sanctuary.
Marblehead, MA is a great place for affordable rent-to-own homes! With a median household income of over $131,293 and a median rent of $1,562, the Marblehead, 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 Marblehead, 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 Marblehead, MA Property Resources
Rent to own Homes in Cities Near Marblehead, MA
- Abington
- Andover
- Arlington
- Avon
- Bedford
- Belmont
- Beverly
- Boxford
- Braintree Town
- Brockton
- Burlington
- Carlisle
- Chelsea
- Danvers
- 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
- Wilmington
- Winchester
- Woburn
Neighborhoods in Marblehead, MA
Marblehead Historic District rent to own homes Marblehead rent to own homesPopular Zip Codes in Marblehead, MA
01945 rent to own homesBuying a Home in Marblehead, MA
Marblehead, MA is seeing rapid growth and Marblehead, MA's' housing market remains not optimal with an average home price that is 224% above the 2024 national average. Marblehead, MA is part of Essex 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 Essex is 1% which is above the national average, which is 0.99%.
Median Home Price in Marblehead, MA
Median Rent in Marblehead, MA
Top 5 Reasons to Live in Marblehead, MA
Natural attractions! The proximity to some truly amazing natural destinations is one of the best reasons to live in Marblehead. Residents can head out to the amazing Marblehead Neck Wildlife Sanctuary to see some of New England's creatures at play. Additionally, they can head out to the nearby Devereux Beach to take in the majesty of the Atlantic Ocean, a marvel in every season.
Amazing history! Marblehead is also world renowned for its historical destinations. The famous painting The Spirit of '76, commemorating the American Revolution, sits in Abbott Hall in Marblehead; Abbott Hall also functions as a museum and meeting place, and features a spectacular bell tower with a famous clock. Additionally, Marblehead residents can stop by both the Frost Folk Art Museum and the Grand Army of the Republic / Civil War Museum, two of the fine historical sites located around town.
Plenty of outdoor activities! Outdoor fans will have plenty of fun in Marblehead. The town is renowned for its outdoor activities, especially yachting, sailing and boating. The Pleon Yacht Club has been around since the late 1880s, and the Marblehead Yacht Club and the Dolphin Yacht Club also offer amazing on-the-water fun times.
Affordable options! Another benefit to finding rent to own homes in Marblehead? The prices keep dropping. The median sale price for Marblehead is $293,000-down over 40 percent from this time last year. Marblehead Neck is the best neighborhood for affordable rentals, the median rent there most closely resembles the state average. The Cliffs neighborhood is the second more affordable for renting.
Low home prices! If you're looking to find a house in Marblehead, now is the exact time to buy - the prices keep dropping. The average price per square foot in Marblehead is down to $286, which is over a five percent decline from 2013. The Historic District, located in downtown Marblehead, has the lowest housing prices. Clifton neighborhood is also a great choice for buying a house, with a lower population density than the entire town of Marblehead.