Rent to own Homes in Old Orchard Beach, ME
Old Orchard Beach, ME is a great place for affordable rent-to-own homes! With a median household income of over $54,209 and a median rent of $973, the Old Orchard Beach, 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 Old Orchard Beach, 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 Old Orchard Beach, ME Property Resources
Rent to own Homes in Cities Near Old Orchard Beach, ME
- Alfred
- Biddeford
- Buxton
- Cape Elizabeth
- Cape Neddick
- Cumberland Foreside
- Dunstan
- East Waterboro
- Falmouth
- Falmouth Foreside
- Gorham
- Hollis Center
- Kennebunk
- Kennebunkport
- Lake Arrowhead
- Limerick
- Limington
- Little Falls
- Long Island
- North Berwick
- North Waterboro
- North Windham
- Oak Hill
- Ogunquit
- Old Orchard Beach
- Peaks Island
- Portland
- Saco
- Sanford
- Scarborough
- Shapleigh
- South Berwick
- South Portland
- South Sanford
- South Windham
- Springvale
- Standish
- Steep Falls
- Waterboro
- Wells
- Westbrook
- West Kennebunk
- Windham
- York
Neighborhoods in Old Orchard Beach, ME
Old Orchard Beach rent to own homesBuying a Home in Old Orchard Beach, ME
Old Orchard Beach, ME is seeing rapid growth and Old Orchard Beach, ME's' housing market remains not optimal with an average home price that is 1% above the 2024 national average. Old Orchard Beach, ME is part of York 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 York is 1.05% which is above the national average, which is 0.99%.