Rent to own Homes in Dover, NJ
Dover is a Morris County community of more than 18,000 residents. The town began to thrive in the late 1800s, when it became home to industry and a port along the Morris Canal. Roadways, local highways, and even Interstate Route 80 have replaced the canals, though Dover is still home to business and manufacturing. Dover is additionally a transportation hub, home to major bus and train stations destined for New York City. Residents in a variety of houses in a range of neighborhoods have made Dover their home.
Dover, NJ is a great place for affordable rent-to-own homes! With a median household income of over $64,039 and a median rent of $1,523, the Dover, NJ 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 Dover, NJ. 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 Dover, NJ Property Resources
Rent to own Homes in Cities Near Dover, NJ
- Anderson
- Andover
- Annandale
- Augusta
- Basking Ridge
- Beattystown
- Berkeley Heights
- Blairstown
- Bloomingdale
- Boonton
- Bradley Gardens
- Bridgewater
- Chester
- Crandon Lakes
- Denville
- Dingmans Ferry
- Hackettstown
- Haskell
- Hopatcong
- Kinnelon
- Lake Hiawatha
- Ledgewood
- Long Valley
- Lyons
- Madison
- Martinsville
- Mine Hill
- Montville
- Newfoundland
- Oak Ridge
- Oldwick
- Pequannock
- Pine Brook
- Port Morris
- Rainbow Lakes
- Randolph
- Raritan
- Roseland
- Short Hills
- Somerville
- Stockholm
- The Hills
- Towaco
- Troy Hills
- Warren
- Watchung
- West Milford
- Whitehouse Station
- White House Station
- White Meadow Lake
Neighborhoods in Dover, NJ
No neighborhoods foundBuying a Home in Dover, NJ
Dover, NJ is seeing rapid growth and Dover, NJ's' housing market remains not optimal with an average home price that is 23% above the 2024 national average. Dover, NJ is part of Morris 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 Morris is 1.62% which is above the national average, which is 0.99%.
Median Home Price in Dover, NJ
Median Rent in Dover, NJ
Top 6 Reasons to Live in Dover, NJ
A location of convenience! Dover is a perfect location for people because it is situated near Routes 10, 15 and 46 and is a popular stop off along Route 80. The Dover New Jersey Transit Train Station and the Lakeland Bus Lines main terminal are also in Dover.
Great shopping options! Dover's downtown has unique eateries and stores. El Tapatio Mexican Restaurant is one and Charlotte's Web is another. The Rockaway Mall and the Wharton Costco are also nearby shopping destinations that many Dover residents frequent.
A fine selection of homes! Single-family rent to own homes are plentiful in Dover. County Road 513 has two vital areas along Prospect Street and Reservoir Avenue. Prospect boasts Victorian homes with updated features, and Reservoir has more sprawling properties. Estimated home values in Dover have risen more than $100,000 since 2000, and in 2012 were estimated at more than $274,000.
Many parks to enjoy! Dover is teeming with parks that have many recreational amenities for its residents. Memorial Commons Park is one destination, where the town's annual holiday events commonly take place. Water Works Park, Hooey Park, Richard Avenue Park, and Bowlby Park and King Field host many sports. Hurd Park is an idyllic setting, and Mountain Park, where mining activities took place, offers wooded trails. Hedden County Park is a destination with 360 acres for a range of year-round activities.
Up-and-coming downtown! A line of shops and restaurants are situated in Dover's busy downtown. Many businesses continue to stretch along Route 46, including The Quiet Man, a favorite pub. The Salvation Army Thrift Store is a popular resale shop for clothing and home goods on Bassett Highway.
Check out downtown living! For those who would like to live minutes away by car from Dover's downtown, West Blackwell Street, located near St. Clare's Hospital, offers quaint homes along that stretch of Route 46. Rental homes are available in the East Blackwell Street vicinity, and some are for sale by owner in this bustling business area. Mean home prices in Dover were estimated at $364,000 in 2011.