Rent to own Homes in Newburyport, MA
Nestled between the Merrimack River and the Atlantic Ocean, Newburyport is the second smallest city in Massachusetts. First settled in the 1600s, Newburyport became its own city only when wealthy merchants no longer wanted to be ruled by the farmers of rural Newbury. Though no longer the seaport it once was, Newburyport maintains its waterfront dock for recreational and fishing vessels and is an official Coast Guard City.
Newburyport, MA is a great place for affordable rent-to-own homes! With a median household income of over $110,740 and a median rent of $1,326, the Newburyport, 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 Newburyport, 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 Newburyport, MA Property Resources
Rent to own Homes in Cities Near Newburyport, MA
- Amesbury Town
- Atkinson
- Barrington
- Berwick
- Boxford
- Byfield
- Candia
- Danville
- Deerfield
- Derry
- East Hampstead
- East Kingston
- Epping
- Exeter
- Fremont
- Georgetown
- Groveland
- Hampton
- Hampton Beach
- Hampton Falls
- Haverhill
- Ipswich
- Kingston
- Kittery Point
- Lawrence
- Merrimac
- Methuen
- Methuen Town
- Newbury
- Newburyport
- Newfields
- Newmarket
- North Andover
- North Berwick
- Plaistow
- Raymond
- Rochester
- Rowley
- Rye
- Salisbury
- Seabrook Beach
- Somersworth
- South Berwick
- South Hamilton
- Strafford
- Topsfield
- West Newbury
- West Nottingham
- Windham
- York Harbor
Neighborhoods in Newburyport, MA
Browns Square rent to own homes Downtown Newburyport rent to own homes Cherry Hill Estates rent to own homes Old Ferry Road rent to own homes Newburyport rent to own homes High Street Neighborhood rent to own homesPopular Zip Codes in Newburyport, MA
01950 rent to own homesBuying a Home in Newburyport, MA
Newburyport, MA is seeing rapid growth and Newburyport, MA's' housing market remains not optimal with an average home price that is 180% above the 2024 national average. Newburyport, 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 Newburyport, MA
Median Rent in Newburyport, MA
Top 5 Reasons to Live in Newburyport, Massachusetts
Excellent independent restaurants! After a day at the beach or at sea, you can enjoy a meal at one of Newburyport's excellent independent restaurants. Agave on State Street is known for its table-side guacamole preparation and Pink Cadillac margaritas, while The Jewel in the Crown offers a wide variety of authentic Indian dishes. For American classics, try The Grog or Loretta, both within walking distance of the waterfront.
Rising home values! According to Zillow, the average home value in Newburyport is $428,700, up 4.7 percent over the preceding year. While homes near this average price are sprinkled throughout the city, affordable listings and rent to own homes can be found to the west of I-95 off Turkey Hill Road. If you're looking for luxury, try the historic district around the High Street area, which is filled with gracious mansions built by the wealthy merchant class that founded Newburyport.
Bike through beautiful scenery! Newburyport has a well-maintained bike trail that connects the MBTA Commuter Rail Station to Cashman Park, as well as wide, clearly marked cycling lanes on High Street. Additional hiking, cycling and horseback riding trails wind through Maudslay State Park, a 480-acre gem overlooking the Merrimack River. From the pristine maritime forests of Moseley Woods to the wide salt marshes of Plum Island, Newburyport offers a variety of natural beauty within its compact borders.
Low real estate taxes! Whether you are looking to buy or rent, everyone benefits from Newburyport's low property tax rate. As of 2013, Newburyport ranked 238 of the 342 Massachusetts municipalities in its residential tax rate. That means that this small city is in the top third of affordable places to live in Massachusetts. Convenient apartments can be found above the shops in Market Square, or buyers can find great deals on the smaller homes in the neighborhood surrounding Anna Jaques Hospital.
Loads of local festivals! Newburyport maintains its small-town New England charm with a variety of community events. Many small festivals fill Market Square with food and craft vendors on summer weekends, but the grandest of all the celebrations is Yankee Homecoming. This week-long celebration at the end of July includes a popular road race, art show, live music, craft demonstrations, and a fireworks show. In December, Santa comes to town on a Coast Guard ship to head the parade that kicks off the holiday season.