Rent to own Homes in New Bedford, MA
Nicknamed the "Whaling City," New Bedford, Massachusetts, is a city still steeped in its industrial and seafaring past. Even today, the local bay is one of the most important whaling and fishing ports in the world. Related opportunities and those from the emerging healthcare juggernaut Southcoast Hospitals support a busy current population of over 95,000 residents.
New Bedford, MA is a great place for affordable rent-to-own homes! With a median household income of over $48,999 and a median rent of $869, the New Bedford, 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 New Bedford, 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 New Bedford, MA Property Resources
Rent to own Homes in Cities Near New Bedford, MA
- Assonet
- Attleboro
- Attleboro Falls
- Barrington
- Bellingham
- Bristol
- Central Falls
- Chepachet
- Clayville
- Cranston
- Cumberland
- Cumberland Hill
- Dighton
- East Douglas
- East Providence
- Fall River
- Foster Center
- Foxboro
- Foxborough
- Franklin
- Greene
- Greenville
- Harrisville
- Hopedale
- Hopkinton
- Mansfield Center
- Medfield
- Middletown
- Milford
- Millis
- Millis-Clicquot
- Millville
- Norfolk
- North Attleborough Town
- North Westport
- Norton
- Norton Center
- Oakland
- Raynham Center
- Seekonk
- Sharon
- Somerset
- South Walpole
- Stoughton
- Swansea
- Taunton
- Walpole
- Whitinsville
- Woonsocket
- Wrentham
Neighborhoods in New Bedford, MA
West End rent to own homes Downtown rent to own homes Rockdale North rent to own homes Acushnet Heights rent to own homes Fort Taber Historic District rent to own homes South Central rent to own homes Sassaquin rent to own homes Far North End rent to own homes South End rent to own homes Near North End rent to own homesPopular Zip Codes in New Bedford, MA
02742 rent to own homes 02745 rent to own homes 02740 rent to own homes 02746 rent to own homes 02744 rent to own homesBuying a Home in New Bedford, MA
New Bedford, MA is seeing rapid growth and New Bedford, MA's' housing market remains not optimal with an average home price that is 10% above the 2024 national average. New Bedford, MA is part of Bristol 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 Bristol is 0.9% which is below the national average, which is 0.99%.
Median Home Price in New Bedford, MA
Median Rent in New Bedford, MA
Top Reasons to Live in New Bedford MA
Homes and Rentals in New Bedford New Bedford is one of the ten largest communities in the state of Massachusetts. There are many historic homes, with much of the housing stock having been built before the Second World War. Median home values are affordable as compared to the rest of the state, at $244,900. Rentals are around $730 per month. The area features a high percentage of renters (52%) and a 10% vacancy rate.
Outdoor Activities in New Bedford First and foremost, New Bedford is a northeastern water town. You'll find abundant bay front parks and preserved natural green areas. One of the nicest local attractions is the New Bedford Whaling National Historical Park, which spans over 34 acres and commemorates the city's innumerable whaling voyages. If you'd like to experience something totally unrelated to fish or marine mammals, head over to Paul Walsh Field and catch a local Bay Sox baseball game.
New Bedford Schools The city is served by a single public high school, New Bedford High, which has over 3,200 students. The school is known for its high school athletics, having won multiple state championships in basketball, volleyball, and baseball. The Greater New Bedford Regional Vocational Technical High School provides an alternative type of education, helping its students garner immediately useful trade and work skills.
New Bedford Neighborhoods There are some 31 established neighborhood districts in New Bedford. Each has its fair share of rental apartments, homes to purchase, or rent to own houses. You really must experience the areas firsthand if you want to find the best mix of atmosphere, lifestyle, convenience, and access that's right for you. Here are a few of the most popular neighborhoods you'll probably want to include in your home search if you're looking to buy or rent: