Rent to own Homes in Westbrook, ME
With a population of around 17,741, Westbrook is just five miles from Portland, but seems ideally removed from the city. The scenic beauty of the Presumpscot and Stroudwater Rivers, which flow directly through Westbrook, enhance the quality of living. This Portland suburb has a small-town dynamic, yet it's the US headquarters of multinational technology developers IDEXX Laboratories. Westbrook has moderately cold winters tempered by summers in the upper 70s, and the city boasts an abundance of outdoor parks and seasonal skating rinks.
Westbrook, ME is a great place for affordable rent-to-own homes! With a median household income of over $71,183 and a median rent of $1,076, the Westbrook, 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 Westbrook, 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 Westbrook, ME Property Resources
Rent to own Homes in Cities Near Westbrook, ME
- Alfred
- Auburn
- Biddeford
- Bustins Island
- Chebeague Island
- Cousins Island
- Cumberland Center
- Dunstan
- Durham
- East Baldwin
- East Waterboro
- Falmouth
- Falmouth Foreside
- Freeport
- Gorham
- Harpswell
- Hollis Center
- Kennebunk
- Kennebunkport
- Lake Arrowhead
- Limerick
- Limington
- Little Falls
- Littlejohn Island
- Long Island
- Naples
- New Gloucester
- North Waterboro
- North Windham
- North Yarmouth
- Oak Hill
- Old Orchard Beach
- Peaks Island
- Portland
- Pownal
- Saco
- Scarborough
- Sebago
- South Portland
- South Sanford
- South Windham
- Standish
- Steep Falls
- Waterboro
- Wells
- West Baldwin
- Westbrook
- West Kennebunk
- Windham
- Yarmouth
Buying a Home in Westbrook, ME
Westbrook, ME is seeing rapid growth and Westbrook, ME's' housing market remains not optimal with an average home price that is 11% above the 2024 national average. Westbrook, ME is part of Cumberland 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 Cumberland is 1.2% which is above the national average, which is 0.99%.
Median Home Price in Westbrook, ME
Median Rent in Westbrook, ME
Top Four Reasons to Live in Westbrook, ME
Performing arts and history! For history lovers, the Westbrook Historical Society has an extensive Civil War collection that's filled with diaries, letters and artifacts from locals who served in the Union Army. The Society also has a room dedicated to the history of local artists, writers, musicians, and performers. Speaking of performers, the Acorn Studio Theatre hosts a wide variety of theatrical events throughout the season, including an ongoing Shakespeare series and a schedule of plays and musicals that feature local talent.
Wide variety of dining options! Westbrook has no shortage of top-notch eateries. While casual dining is popular, the city has a number of fine dining options as well. One favorite among the locals is Casa Novell, which offers elegant foodie fare such as butternut squash ravioli, shrimp pomodoro, and homemade meatballs. For great food in a lovely, bucolic setting, check out Smiling Hill Farm, which offers patrons delectable dishes such as mac and cheese, huge farmhouse-style sandwiches, and homemade ice cream.
Rental homes abound! If you're looking for rent to own houses or rental apartments, Westbrook has a great selection of apartments, condos, and homes for rent throughout the area. For example, the neighborhood of Dana Court has a number of lovely rental apartments, while centrally-located East Bridge Street has a good selection of attractively-priced condos.
Stable housing market! Westbrook's median house price is $203,200, and the local housing market continues to be stable, although there are always bargains available for those who keep searching. Looking for a house for sale? Check out the area of Lamb Street, where there are some lovely renovated, Victorian homes complete with beautiful handcrafted woodwork available at a variety of prices. Also, the area of Constitution Drive has a number of late 20th century homes, many on large wooded lots.