Rent to own Homes in East Orange, NJ
Travel with ease. East Orange is located only 8 miles from Newark Liberty International Airport, in the nearby city of Newark. Call Jacob's Taxi Service for a ride and you will see that getting to the airport has never been easier.
East Orange, NJ is a great place for affordable rent-to-own homes! With a median household income of over $50,990 and a median rent of $1,156, the East Orange, 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 East Orange, 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 East Orange, NJ Property Resources
Rent to own Homes in Cities Near East Orange, NJ
- Avenel
- Belford
- Bergenfield
- Butler
- Carteret
- Cliffwood
- Cliffwood Beach
- Colonia
- Dunellen
- Fair Lawn
- Fords
- Garwood
- Glen Ridge
- Hazlet
- Hibernia
- Hopelawn
- Jersey City
- Keansburg
- Keyport
- Macopin
- Madison Park
- Menlo Park Terrace
- Metuchen
- Middletown
- Midland Park
- Millington
- Monsey
- Mount Tabor
- New Hempstead
- New York
- North Haledon
- North Plainfield
- Parlin
- Paterson
- Pelham Manor
- Perth Amboy
- Plainfield
- Port Monmouth
- Port Reading
- Preakness
- Rahway
- Roselle
- Sayreville
- Sewaren
- South Plainfield
- Suffern
- Summit
- Watchung
- Westwood
- Wyckoff
Neighborhoods in East Orange, NJ
Ampere rent to own homes Greenwood rent to own homes Doddtown rent to own homes Elmwood rent to own homes East Orange rent to own homesPopular Zip Codes in East Orange, NJ
07019 rent to own homes 07017 rent to own homes 07018 rent to own homesBuying a Home in East Orange, NJ
East Orange, NJ is seeing rapid growth and East Orange, NJ's' housing market remains not optimal with an average home price that is 4% above the 2024 national average. East Orange, NJ is part of Essex 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 Essex is 2.05% which is above the national average, which is 0.99%.
Median Home Price in East Orange, NJ
Median Rent in East Orange, NJ
Top 14 Reasons to Live in East Orange, New Jersey
Enjoy New York City. Only 13.5 miles from the Big Apple, you can enjoy all that the city has to offer on a regular basis. See an Off-Broadway play in the East Village, or catch a concert or a game at Madison Square Garden.
Eat locally. You are in the Garden State, so take advantage of the multitudes of fresh produce, especially the summer tomatoes and corn. Visit the East Orange Farmer's Market or head to your neighboring town to the South Orange Farmer's Market and stock up for the week.
Pay less in sales tax. East Orange participates in New Jersey's Urban Enterprise Zone, where shoppers enjoy half off of the state's sales tax on retail items. Find something for Fido at Animal Kingdom or just stroll Central Avenue for whatever you need.
Get outdoors. New Jersey has lots of great places to enjoy the outdoors, whether you want to hike, bike or just relax. You can easily visit Palisades Interstate Park or Sunfish Pond, both popular outdoor destinations.
Football awaits. Only 14 miles away is the recently opened MetlLife stadium. You might know it as the home of the New York Giants and the New York Jets. Check out a game at your leisure.
Ski the brisk winters. Bask in the cold winter months with skiing or snowboarding at nearby Mountain Creek or cross into nearby Pennsylvania for a taste of the Pocono Mountains.
Hit the beaches in the hot summers. Within a few hours, you can be at the coast, enjoying the sand and surf of New Jersey's famous beaches. For a shorter day trip, check out Sandy Hook, or if you have a little more time, be sure to visit Long Beach Island.
Take advantage of a low vacancy rate. The housing vacancy rate is approximately 16.5%, so you will have more choices and more negotiating power when looking for your new home. Rent to own and find your new community in the Park Avenue / Washington Street area.
Appreciation rates exceed other New Jersey towns. Recent appreciation rates in East Orange have been higher than 70% of other towns in New Jersey, which is promising news if you want to buy. Establish your new household in the Tremont Avenue / Halsted Street vicinity, and see your investment grow over the years.
Lower than average rental rates. When compared to several nearby cities, on average, East Orange boasts lower rental rates. As a result, many newer residencies offer affordable yet luxurious rental options, including The Grand on Park located in the Central Avenue neighborhood.
Find a home with a long history. Almost 30% of the property in East Orange was built before 1939, allowing you to find rental properties, rent to own homes, and houses for sale with a bit of character and charm. Check out the houses in the North Grove Street / Park Avenue area.
Have confidence in above average appreciation rates. Appreciation rates have floated above the national average over the last 10 years, and have ranked in the top 30% nationwide. You can find some impressive rent to own houses in the Midland Avenue / Dodd Street neighborhood.