Rent to own Homes in Wellesley, MA
Home to nearly 28,000 residents and only a short distance of Boston, Wellesley is a true gem of Norfolk County. The city really began to flourish during the 1920s, when quick population growth and rapid development turned it into a bustling town. Featuring tree-lined streets, historic architecture, a MBTA rail station, ample entertainment and a charming atmosphere (think small town with a big city kick), it doesn't take a genius to realize that Wellesley is a special place.
Wellesley, MA is a great place for affordable rent-to-own homes! With a median household income of over $213,684 and a median rent of $2,177, the Wellesley, 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 Wellesley, 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 Wellesley, MA Property Resources
Rent to own Homes in Cities Near Wellesley, 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 Wellesley, MA
Wellesley rent to own homes Linden Square rent to own homes Wellesley Square rent to own homes Cottage Street Historic District rent to own homes Wellesley Farms rent to own homes Dana Hall rent to own homes Wellesley Hills rent to own homes Woodlands rent to own homes Cliff Estates rent to own homes Fells rent to own homesBuying a Home in Wellesley, MA
Wellesley, MA is seeing rapid growth and Wellesley, MA's' housing market remains not optimal with an average home price that is 457% above the 2024 national average. Wellesley, 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 Wellesley, MA
Median Rent in Wellesley, MA
Top 4 Reasons to Live in Wellesley, MA
Enjoy all that green space! Wellesley is close enough to Boston to provide its residents easy access to the thrills of urban living, while still being far enough away to allow residents to soak up nature. So take advantage and go fishing at Morses Pond, hit the links at Wellesley Country Club, walk the trails at Boulder Brook Reservation, and take in views of the pristine Lake Waban. Don't waste the chance to experience the beauty of Wellesley.
Ride the thriving housing market! Property value in Wellesley has jumped over 10% in the past 12 months, and while it's not expected to increase that much every year, forecasts indicate positive growth for years to come. For some serious return on an investment, start looking to purchase now, or at least try to enter into a rent to own contract if testing out a place first is preferable. The neighborhood of Wellesley Farms or Sheridan Hills is worth searching.
Have fun in town or in Boston! When hanging out in Wellesley, there are tons of shopping and dining options. Eat at popular local joints like Captain Marden's Seafood and Blue Ginger, and shop at any of the independent stores on and around Washington Street, such as Windsor Tailor Shop and Posies of Wellesley. If exploration is in order, take in all that nearby Boston has to offer -- simply hop on Route 9 or take the MBTA at Wellesley Square. Beantown's action is close, but there is also plenty to do in town. That's what makes Wellesley so great.
Scoop up a historic home! The Wellesley community is situated within one of America's most historic regions, and that means there are some charming old colonial style homes in town. 39.5% of housing units in Wellesley were built prior to 1940. Many of the famous historic homes in town date back to the 1860s, such as those on Cottage Street (a designated national historic district). Other neighborhoods to search for historic homes for sale or rent include Wellesley Hills and Wellesley Farms.