Rent to own Homes in Augusta, ME
Officially recognized as the capital of Maine in 1827, this port town has roots tracing back to the early 1600s. Today locals celebrate the historical happenings of Augusta with Old Fort Western, Maine's only state military history museum. Modern times have brought the leading hospital, Maine General, along with the Children's Discovery Museum and a mix of housing options. With affordable housing and great options, Augusta is a place to stay!
Augusta, ME is a great place for affordable rent-to-own homes! With a median household income of over $38,842 and a median rent of $729, the Augusta, 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 Augusta, 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 Augusta, ME Property Resources
Rent to own Homes in Cities Near Augusta, ME
- Albion
- Athens
- Augusta
- Belgrade
- Burnham
- Canaan
- Clinton
- Detroit
- Fairfield
- Farmingdale
- Freedom
- Gardiner
- Hallowell
- Hartland
- Jefferson
- Liberty
- Manchester
- Morrill
- Mount Vernon
- Norridgewock
- Oakland
- Palermo
- Palmyra
- Pittsfield
- Plymouth
- Randolph
- Readfield
- Searsmont
- Skowhegan
- Smithfield
- South China
- Thorndike
- Troy
- Union
- Unity
- Vassalboro
- Washington
- Waterville
- Whitefield
- Windsor
- Winslow
Neighborhoods in Augusta, ME
No neighborhoods foundPopular Zip Codes in Augusta, ME
04332 rent to own homes 04338 rent to own homes 04333 rent to own homes 04330 rent to own homesBuying a Home in Augusta, ME
Augusta, ME is seeing rapid growth and Augusta, ME's' housing market remains optimal with an average home price that is -33% below the 2024 national average. Augusta, ME is part of Kennebec 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 Kennebec is 1.12% which is above the national average, which is 0.99%.
Median Home Price in Augusta, ME
Median Rent in Augusta, ME
Top 5 Reasons to Live in Augusta, ME
Capital city! Augusta is rich in historical and political landmarks. Tour the Governor's mansion, known as the Blaine House, where the state's governors have resided since 1820. For even more capital city fun, jog or bike through Capitol Park, visit the Maine State Museum, or pose for a picture outside the Maine State House.
Affordable properties in Augusta! Augusta ranks as one of the least expensive Maine cities in which to buy a home. Whether looking for a place for sale or a rent to own option, the median list price is just over $154,000. This is an impressive bargain compared the state median list price of $278,000 for detached homes and $214,000 for condos. Explore neighborhoods with easy access to the Maine Turnpike or Interstate 95 to remain connected to other parts of the state.
Get outdoors! Wooded landscapes abound near Augusta, especially in the more rural northeastern neighborhoods. Even if you opt for a condo in town, you can still get your fill of local flora and pine trees. The Viles Arboretum features over 200 acres of trees, flowers, hostas, and more. You can also head to Belgrades Lake for fishing or water sports.
Embrace the arts! Augusta happily celebrates the art scene with the Maine Arts Commission, which is based here in the capital. The Maine Arts Commission arranges art exhibits around town, and locals can even learn about available art walks put on by ArtWalk Maine.
Variety of real estate! Augusta manages to feature both farmland and in-town properties within its five main neighborhoods. Since 44 percent of the housing here are rental properties, it offers something for both buyers or renters. Northwestern Augusta features the large Sand Hill area, where single family homes, condos, and townhouses are found in a rural setting that is close to nearby shopping and businesses. The West Side offers historic properties close to downtown.