Rent to own Homes in Auburn, ME
The seat of Androscoggin County, Auburn had a population of 23,055 according to the 2010 U.S. Census Bureau. First settled as a part of Bakerstown in 1786, Auburn was incorporated as a city in 1868. It was best known as a shoe manufacturing center up until 1961. Auburn is a part of the Lewiston-Auburn Maine metropolitan area and, with its neighboring city on the Androscoggin River, Auburn is part of The Twin Cities of Auburn-Lewiston.
Auburn, ME is a great place for affordable rent-to-own homes! With a median household income of over $51,681 and a median rent of $801, the Auburn, ME 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 Auburn, ME. 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 Auburn, ME Property Resources
Rent to own Homes in Cities Near Auburn, ME
- Auburn
- Bowdoin
- Bowdoinham
- Brunswick
- Brunswick Station
- Buckfield
- Bustins Island
- Canton
- Casco
- Cousins Island
- Cumberland Center
- Cumberland Foreside
- Durham
- Freeport
- Gray
- Greene
- Harpswell
- Harrison
- Hebron
- Jay
- Kents Hill
- Leeds
- Lewiston
- Lisbon
- Lisbon Falls
- Litchfield
- Livermore
- Livermore Falls
- Manchester
- Mechanic Falls
- Minot
- Monmouth
- New Gloucester
- North Monmouth
- North Windham
- North Yarmouth
- Norway
- Oxford
- Peru
- Pownal
- Readfield
- Sabattus
- South Paris
- Topsham
- Turner
- Wayne
- West Paris
- Windham
- Winthrop
- Yarmouth
Neighborhoods in Auburn, ME
Intown New Auburn rent to own homes Downtown Auburn rent to own homes Union Street rent to own homes Main Street Historic District rent to own homes Auburn Commercial Historic District rent to own homes Uptown New Auburn rent to own homes Great Falls rent to own homes New Auburn Village Center rent to own homes New Auburn rent to own homes Laurel Hill rent to own homesPopular Zip Codes in Auburn, ME
04210 rent to own homesBuying a Home in Auburn, ME
Auburn, ME is seeing rapid growth and Auburn, ME's' housing market remains optimal with an average home price that is -19% below the 2024 national average. Auburn, ME is part of Androscoggin 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 Androscoggin is 1.4% which is above the national average, which is 0.99%.
Median Home Price in Auburn, ME
Median Rent in Auburn, ME
Top 4 Reasons to Live in Auburn, ME
Low rent and property taxes! In 2012, the average rent in Auburn was $698. Also in 2012, the median real property taxes were $2,822 for housing units with a mortgage and $2,656 for units without a mortgage. The city's special housing programs helped recently revitalize the Downtown, Union Street and Sandy Beach neighborhoods with remodeled and newer dwellings. But if it's stunning mansions you seek, there are many! The Foss Mansion on Elm Street, the Case Mansion on South Street and the Frank L. Dingley House on Court Street are fine examples of historic mansions. While those three may not be for sale, it's worth a trip to Elm, South and Court Streets to see what is available. Lubear Way/Prospect Hill Subdivision has lots of properties available as does a neighborhood that borders Prospect Hill Golf Course for those who prefer new construction.
Bask in the glow of local art and culture! Auburn Community Concert Band and Community Little Theater on Academy Street are two of the local offerings that celebrate the arts. In nearby Lewiston, visit Maine Music Society, Museum L-A, The Public Theater and Franco American Heritage Center.
Enjoy abundant local festivals and delicious dining! From the Spring Celebration, hosted by the city's Parks and Recreation Department, the Great Falls Balloon Festival, the Winter Festival to the Parade of Lights, there is always something to do in Auburn. Along with fun festivals check out favorite eateries such as 84 Court Pizza and Restaurant, Margarita's Mexican Restaurant, Heidi's Brooklyn Deli, and Thai Dish Restaurant.
Select from ample affordable housing! City Data estimates that the average price of all housing units in 2011 was $181,201. One popular suburban neighborhood is Steven's Mill. Other well-populated residential areas are Park Avenue, Danville, Danville Corner, Haskell Corner and Lewiston Junction. Looking in these areas you may find a rent to own property or a for sale by owner dwelling. Housing is available to suit every lifestyle, from studio apartments to larger estate tracts with acreage in the rural areas.