Rent to own Homes in Garfield, NJ
At the junction of the Passaic and Saddle Rivers sits the town of Garfield. The land the town resides on was once the stomping grounds of the Algonquin Indians, but in 1679 Jacques Cortelyou fell in love with the region. He negotiated a sale with the Indians for 5,320 acres of land to build a settlement. As the years passed, the town would eventually be named Garfield after President James A. Garfield. Today, Garfield boasts a population of a little over 30,000 residents.
Garfield, NJ is a great place for affordable rent-to-own homes! With a median household income of over $64,242 and a median rent of $1,355, the Garfield, 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 Garfield, 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 Garfield, NJ Property Resources
Rent to own Homes in Cities Near Garfield, NJ
- Airmont
- Astoria
- Avenel
- Bardonia
- Bogota
- Boonton
- Chestnut Ridge
- Colonia
- Congers
- Connecticut Farms
- Corona
- Elizabeth
- Fords
- Garwood
- Grand View-on-Hudson
- Great Neck Estates
- Harrison
- Hillburn
- Hillcrest
- Hollis
- Jackson Heights
- Kearny
- Kenilworth
- Linden
- Llewellyn Park
- Madison
- Middle Village
- Mount Ivy
- Nanuet
- New Square
- North Caldwell
- Orangeburg
- Pearl River
- Perth Amboy
- Piermont
- Rahway
- Richmond Hill
- Roselle
- Saint Albans
- Secaucus
- Sewaren
- Sparkill
- Springfield
- Spring Valley
- Tappan
- Tuxedo Park
- Watchung
- Wesley Hills
- West Haverstraw
- William Paterson University Of New Jersey
Neighborhoods in Garfield, NJ
Garfield rent to own homesPopular Zip Codes in Garfield, NJ
07026 rent to own homesBuying a Home in Garfield, NJ
Garfield, NJ is seeing rapid growth and Garfield, NJ's' housing market remains not optimal with an average home price that is 64% above the 2024 national average. Garfield, NJ is part of Bergen 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 Bergen is 1.76% which is above the national average, which is 0.99%.
Median Home Price in Garfield, NJ
Median Rent in Garfield, NJ
Top 6 Reasons to Live in Garfield, NJ
Always an event going on! Garfield offers plenty of community events. Every year, the YMCA hosts a Halloween extravaganza event that features a haunted house, games for all ages and a pumpkin decorating contest. The Garfield 4-H Garden Club also puts on the annual Harvest Fest, which features a bake sale with lots of treats and arts and crafts displays.
Ample sporting events! The Garfield Parks and Recreations Department sponsors the Garfield Babe Ruth League, which has ball games available for young and old. Besides baseball, the City of Garfield has several bouncy houses in the city for the little ones and adults to play in during the summer months..
Rising home prices! Garfield is an expensive place to live, with the average home costing 61 percent more than in other areas of New Jersey. Rising home prices helps spur home buyer confidence and encourage retail sales. The Westland Garden State Place is one of the major shopping malls in the area and usually has just about anything shoppers might want. The Bargain Thrift Store offers deals on secondhand items.
Plentiful apartment complexes! Many older Victorian homes in downtown Garfield have been converted into apartments. Sometimes the apartments are available for purchase under certain contractual rules and regulations. A rent to own option is often ideal for someone who wants to own their own apartment, condo or house. The subdivisions of Belmont and Garwood Acres are two areas in Garfield that feature apartment and home choices
Nature in the city! Parks abound in Garfield. The Belmont Hill neighborhood park provides views of the city while you enjoy a picnic. The 20th Century Park has trails and picnic tables.
Outdoor recreation! Community members or visitors might want to try their hand at fishing at the local Dahnert's Lake County Park. The Saddle River County Park has miles of biking trails that run through Garfield.