Rent to own Homes in Wilmington, MA
Located only a short drive north of Boston, Wilmington, MA has become an important and popular suburban town for Middlesex County workers. Wilmington once played a key role in the American Revolution because it was a center for commerce and agriculture. Today, its central location makes it an ideal spot for Massachusetts residents looking to commute into Boston or the towns that surround the city.
Wilmington, MA is a great place for affordable rent-to-own homes! With a median household income of over $133,873 and a median rent of $2,009, the Wilmington, 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 Wilmington, 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 Wilmington, MA Property Resources
Rent to own Homes in Cities Near Wilmington, 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
Popular Zip Codes in Wilmington, MA
01887 rent to own homesBuying a Home in Wilmington, MA
Wilmington, MA is seeing rapid growth and Wilmington, MA's' housing market remains not optimal with an average home price that is 128% above the 2024 national average. Wilmington, 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 Wilmington, MA
Median Rent in Wilmington, MA
Top 4 Reasons to Live in Wilmington, MA
Historical Appeal! One of the best points about Wilmington is its extraordinary conduit to history. Rent to own a house in Wilmington, and you'll be within a stone's throw of the fascinating Wilmington Town Museum at the Col. Joshua Harnden Tavern. First built in the 18th century, the Tavern and the Museum perfectly capture the spirit and the history of Wilmington. Additionally, residents can enjoy presentations and recreations from the historic Wilmington Minutemen Company, located within the town.
Convenience! Another benefit to living in the Wilmington community is its easy access to transportation. Once you find your residence in the rent to own houses in Wilmington, it'll be easy to get where you need to go. Routes 93 and Routes 128, which are both vital access points into Boston and points south, run right through the city. The North Wilmington MBTA stop provides access to public transportation.
Great Deals! Perhaps the biggest benefit to moving into Wilmington are the property bargains you'll be able to find. If you're looking for a home in Wilmington, now is the time to buy. House prices have declined to an average of $270,000, a fall of about 33.3 percent from this time last year. There are plenty of cost-effective houses to be found within Wilmington. Find your residence there, and you'll be able to enjoy some of the town's finest dining - everything from the Big Pig barbecue hot-spot to the As Good As it Gets Diner, which specializes in breakfasts and has been a local favorite for decades.
Affordable Property! Another solid reason to move into Wilmington? The average price per square foot for homes is falling precipitously. Compared to the same time last year, the average price per square foot is down almost 14.4 percent - that's a recipe for a huge bargain. Once you find your home in Wilmington, you'll be able to enjoy the town's great nightlife - Golden Ginger and the Ninety Nine Restaurant and Pub provide plenty of enjoyment for residents.