Rent to own Homes in Portsmouth, NH
Portsmouth was first settled by English colonists in the 1630s, and became prosperous as a result of its shipping industry and, later, its textile mills during the Industrial Revolution. Today it is home to the Portsmouth Naval Shipyard as well as the Pease Air National Guard base. Its thriving downtown area is filled with shops and restaurants that attract tourists to its quaint buildings and attractive waterfront year-round.
Portsmouth, NH is a great place for affordable rent-to-own homes! With a median household income of over $78,712 and a median rent of $1,353, the Portsmouth, NH 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 Portsmouth, NH. 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 Portsmouth, NH Property Resources
Rent to own Homes in Cities Near Portsmouth, NH
- Amesbury Town
- Atkinson
- Barrington
- Berwick
- Boxford
- Byfield
- Candia
- Danville
- Deerfield
- Derry
- East Hampstead
- East Kingston
- Epping
- Exeter
- Fremont
- Georgetown
- Groveland
- Hampton
- Hampton Beach
- Hampton Falls
- Haverhill
- Ipswich
- Kingston
- Kittery Point
- Lawrence
- Merrimac
- Methuen
- Methuen Town
- Newbury
- Newburyport
- Newfields
- Newmarket
- North Andover
- North Berwick
- Plaistow
- Raymond
- Rochester
- Rowley
- Rye
- Salisbury
- Seabrook Beach
- Somersworth
- South Berwick
- South Hamilton
- Strafford
- Topsfield
- West Newbury
- West Nottingham
- Windham
- York Harbor
Neighborhoods in Portsmouth, NH
Maplewood Acres rent to own homes Christian Shore rent to own homes West End rent to own homes Woodbury Maplewood rent to own homes North End rent to own homes Portwalk Place rent to own homes Portsmouth Downtown rent to own homes Elwyn Park rent to own homes North Waterfront rent to own homes South End rent to own homesBuying a Home in Portsmouth, NH
Portsmouth, NH is seeing rapid growth and Portsmouth, NH's' housing market remains not optimal with an average home price that is 110% above the 2024 national average. Portsmouth, NH is part of Rockingham 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 Rockingham is 1.74% which is above the national average, which is 0.99%.
Median Home Price in Portsmouth, NH
Median Rent in Portsmouth, NH
Top 5 Reasons to Live in Portsmouth, NH
History comes alive here! Portsmouth is home to the Strawbery Banke Museum, which is filled with homes restored to the way they looked at various points throughout the city's history. The museum offers colonial cooking demonstrations, a working victory garden, and several special events throughout the year. There are several other historic houses in Portsmouth, including the John Paul Jones House and the Governor John Langdon House. You can check them out by walking the Portsmouth Harbor Trail.
Great real estate investments! T he average home price in Portsmouth has risen 11.5 percent over the past year, and is expected to continue to rise. Purchasing a house or a rent to own home here is a great investment. While waterfront properties along the Piscataqua River are pricey, homes further inland in the Portsmouth Plains area are quite affordable.
Outstanding local restaurants! The quaint downtown area of Portsmouth is packed with great, independently-owned restaurants. The Flatbread Company offers wood-fired pizzas made with organic, local ingredients. For tapas and great drinks, try Moxy or hit the Portsmout Brewery for traditional American fare. There are plenty of small luncheonettes and coffee shops too, so you're sure to find a favorite spot.
Lots of rentals! The average monthly rent here is $1,900 per month, and Portsmouth offers some great apartment complexes for renters. TGM Beechstone Apartments offer new kitchens and an updated fitness center, while Winchester Place is a commuter's dream, close to both Route 1 and Interstate 95.
So much to do! Portsmouth offers excellent live entertainment, including dramatic productions at the Seacoast Repertory Theatre. There are also concerts ranging from classical to rock at the historic Music Hall downtown. For outdoor thrills, try Water Country in the summer to cool off on the water slides, or cruise out to the Isles of Shoals to breathe in the ocean air. To relax on your own, Prescott Park is a popular spot for a picnic and local events at all times of the year.