Rent to own Homes in Southbridge Town, MA
The Town of Southbridge, MA is a quaint city of 16,719 people located in Worcester County on the Massachusetts/Connecticut state line. Originally inhabited by the Mohegan and Nipmuck tribes, the town was later settled by European settlers in 1730 and thanks to the nearby water resources, became a strong mill town leading it to the city it is today. Southbridge is steeped in history and ideally located for enjoying all that both Massachusetts and Connecticut have to offer.
Southbridge Town, MA is a great place for affordable rent-to-own homes! With a median household income of over $52,900 and a median rent of $917, the Southbridge Town, 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 Southbridge Town, 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 Southbridge Town, MA Property Resources
Rent to own Homes in Cities Near Southbridge Town, MA
- Agawam Town
- Amston
- Avon
- Berlin
- Brimfield
- Broad Brook
- Chicopee
- Coventry Lake
- Crystal Lake
- Eastford
- East Granby
- East Haddam
- East Hampton
- East Hartford
- East Windsor
- Ellington
- Feeding Hills
- Glastonbury Center
- Granby
- Hampton
- Hartford
- Hebron
- Holland
- Holyoke
- Lake Pocotopaug
- Longmeadow
- Monson Center
- New Britain
- Newington
- Palmer Town
- Portland
- Rockville
- Simsbury
- South Coventry
- South Glastonbury
- Southwood Acres
- Springfield
- Suffield
- Terramuggus
- Thompsonville
- Weatogue
- Westfield
- West Springfield
- West Suffield
- Wethersfield
- Willington
- Windsor
- Windsor Locks
- Woodstock
- Woodstock Valley
Neighborhoods in Southbridge Town, MA
No neighborhoods foundPopular Zip Codes in Southbridge Town, MA
01550 rent to own homesBuying a Home in Southbridge Town, MA
Southbridge Town, MA is seeing rapid growth and Southbridge Town, MA's' housing market remains optimal with an average home price that is -1% below the 2024 national average. Southbridge Town, MA is part of Worcester 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 Worcester is 1.1% which is above the national average, which is 0.99%.
Median Home Price in Southbridge Town, MA
Median Rent in Southbridge Town, MA
Top Reasons to Call Southbridge Town, MA Home
Great Location! Consisting of 20.9 square miles and located next to Sturbridge, Charlton and Dudley, Southbridge is located close to both Interstate 84 and the Mass Pike, making it easy to get to where you want to go. There are many things that will make you want to stay in town, however. Enjoy a coffee at Books & Beans on Central Street, where you can read and sip while supporting an organization dedicated to helping individuals with disabilities. Main Street is home to many stores, including CVS Pharmacy, Ocean State Job Lot and many specialty stores.
Get Out On The Town! There is much to do in Southbridge including food and fun. Enjoy live music at the Cannery Music Hall or grab a bite to eat at one of Southbridge's excellent restaurants, including Metro Bistrot or Vienna Restaurant & Historic Inn. There are many other restaurants including ethnic cuisines to tempt one's taste buds.
Only Have Eyes for You! Nicknamed the Eye of the Commonwealth, Southbridge is famous for its role in the development of eyeglasses and ophthalmic equipment, thanks to the American Optical Company, which was the world's largest ophthalmic manufacturer. Be sure to check out the Eye Glasses Monument located on Southbridge Commons. You won't need glasses to see this massive pair on display.
Affordable Homes! Southbridge has a median home value of $157,000, and values are projected to continue to rise slightly over the next year. It has a good mix of landscape, from farms to hillsides, and whether you enjoy rural or suburban lifestyle, there are plenty of neighborhoods to choose from. Affordable rent makes finding the right property easy, leaving you time to enjoy the Quinebaug River or play a sport on the 3 acre athletic field at the Westville Lake Recreation Area.
Famous Folks! Southbridge lays claim to a few notable characters, including the poet William Tremblay, and George Thorndike Angell, the founder of the Massachusetts Society for the Prevention of Cruelty to Animals (MSPCA). Perhaps Southbridge's most famous however is William L Marcy, who served as governor of New York, senator, and eventually Secretary of War under President Polk and as Secretary of State during President Franklin Pierce's administration.
Good Rental Opportunity! With a lower cost of living than the state average and overall low home prices, Southbridge is a great location to find a rent to own home. The Westville Lake neighborhood has an average home value of $244,000, with detached homes making up 50 percent of the housing units. Residents can enjoy the nearby Westville Dam, which features a 1.8 mile loop trail and picnic area. The Sandersdale neighborhood is also an excellent choice, with slightly higher home values.