Rent to own Homes in Reading, MA
Located just 10 miles from downtown Boston, Reading is a quiet town in Middlesex County with a 2010 population of 24,747. After playing a vital role as a forward staging ground for the Colonists in the American Revolution, Reading has become a vibrant and historical community. With its stable housing market, excellent local amenities and beautiful downtown area, Reading is one of the most popular towns in Massachusetts.
Reading, MA is a great place for affordable rent-to-own homes! With a median household income of over $131,515 and a median rent of $1,363, the Reading, 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 Reading, 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 Reading, MA Property Resources
Rent to own Homes in Cities Near Reading, 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 Reading, MA
Reading rent to own homesPopular Zip Codes in Reading, MA
01867 rent to own homesBuying a Home in Reading, MA
Reading, MA is seeing rapid growth and Reading, MA's' housing market remains not optimal with an average home price that is 173% above the 2024 national average. Reading, 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 Reading, MA
Median Rent in Reading, MA
Top 5 Reasons to Live in Reading, Massachusetts
Limitless recreational activities! Nothing beats exploring the Ipswich River Park with its 49 acres of conservation land, trails and picnic tables. Head to the Reading Town Hall to sign up for one of the recreational activities offered for youth and adults throughout the year, such as basketball, swimming and baseball.
Educational activities galore! Many of the buildings in Reading were built before the American Revolution, and the Parker Tavern is no exception. Built in 1694, the tavern is the oldest surviving building in Reading and was used in the American Revolution to house Scottish prisoners. Today, the building is owned by the Historical Society of Reading and is open daily for tours. To see a visual montage of Reading's history, head to the Griffin Museum of Photography on Shore Road.
Delectable cuisine! Despite the restaurant's name, the staff are anything but grumpy at Grumpy's Ale House on Main Street. The restaurant is a local favorite and serves a variety of delicious food, like Bavarian pretzel sticks with beer cheese fondue and house-smoked pulled pork. If you're in the mood for seafood, head to Lobster Claw Seafoods for the best clam chowder and fried clams in the region.
Affordable rent! Considering that Boston has some of the highest rental prices in the nation and a median monthly price of $2,200, you might assume that the rental market in Reading is also expensive, but rentals are significantly more affordable with a median price of just $1,800. This means that rent to own homes are a good option in neighborhoods like the Town Center and Reading Highlands.
Home values are rising! Any growth is good growth, and the median home value has gone up 5.5 percent in Reading in the last year. With the figure expected to grow 0.7 percent in 2015 from the current $479,900 median, now is the time to buy. Check out areas like Sanborn Lane for single family homes and Augustus Court for condos.