Rent to own Homes in Needham, MA
The town of Needham is a suburb of Boston. Its proximity to the thriving metropolis makes commuting for work into the heart of the city a breeze, yet residents of Needham still have the benefit of residing in a city with a small town feel. Besides having small town charm, this suburb is a place that appeals to artists. It is home to more artists than 90 percent of other places in the United States.
Needham, MA is a great place for affordable rent-to-own homes! With a median household income of over $174,707 and a median rent of $1,604, the Needham, 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 Needham, 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.
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Rent to own Homes in Cities Near Needham, 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 Needham, MA
Needham rent to own homesBuying a Home in Needham, MA
Needham, MA is seeing rapid growth and Needham, MA's' housing market remains not optimal with an average home price that is 314% above the 2024 national average. Needham, MA is part of Norfolk 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 Norfolk is 1.02% which is above the national average, which is 0.99%.
Median Home Price in Needham, MA
Median Rent in Needham, MA
Top 3 Reasons to Live in Needham, MA
Rising home values and ample activities make Needham a popular place to purchase a house! Over the course of the last decade, home appreciation rates in Needham have risen by over 13 percent. With the rapid rise in home values, many people have sought to purchase a house or rent to own a home in the coveted area. Rental houses have become a viable option in recent years for people who are not quite ready to seek a traditional home purchase. With the city's rapid growth, there is no lack of things to do. The annual Fall to Winter Fest features designer beers from 25 breweries plus specialty ciders. The 18th Annual Boston International Art Show is held in Needham. Over 3,000 original works of art from across the United States, Canada and Europe are on display.
History and nature abound in Needham! In the middle of downtown sits the Acton Arboretum. The arboretum is an oasis of swamps, forests, ponds and old fruit orchards across 64 acres. There are walking trails throughout and abundant picnic tables. The Robert Fuller house is one of the remaining historic residences in Needham that is open to the public. It dates back to 1707 and is on the National Register of Historic Places. The house displays numerous historic furniture pieces.
High home owner occupancy and pride of ownership! Almost 83 percent of the homes in Needham are owner occupied. Rentals are often quite hard to find. Apartments and condos are rare in the area. Most of the residences are detached homes. With so many owner occupied homes, there are always locals shopping for home decor and antiques to decorate their houses and show pride of ownership. The Antique Gallery on Stockdale Road always has a wide assortment of hard to find treasures. Wayne Towle Antique and Architectural Finishing works on historical refinishing and helping customers find sought after antiques.