Rent to own Homes in New Brunswick, NJ
Rutgers University Is in your backyard. Rutgers University is the largest university in the state. Take advantage of the opportunities this proximity offers by having dinner at a restaurant on the vibrant Easton Avenue, or catch a football game and cheer the Scarlet Knights at Rutgers Stadium.
New Brunswick, NJ is a great place for affordable rent-to-own homes! With a median household income of over $43,930 and a median rent of $1,524, the New Brunswick, 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 New Brunswick, 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 New Brunswick, NJ Property Resources
Rent to own Homes in Cities Near New Brunswick, NJ
- Allentown
- Avenel
- Bradley Gardens
- Clearbrook Park
- Clyde
- Colonia
- Connecticut Farms
- Cream Ridge
- Deans
- Dunellen
- East Rocky Hill
- Elizabeth
- Finderne
- Garwood
- Hightstown
- Jamesburg
- Kenilworth
- Kingston
- Linden
- Llewellyn Park
- Madison
- Madison Park
- Martinsville
- Matawan
- Metuchen
- Middlesex
- Millstone Township
- Milltown
- Monmouth Junction
- New Brunswick
- North Plainfield
- Old Bridge
- Pennington
- Plainsboro Center
- Princeton Junction
- Rahway
- Raritan
- Robbinsville Center
- Roselle
- Sewaren
- Six Mile Run
- Somerville
- South Plainfield
- South River
- Springfield
- The Hills
- Watchung
- White House Station
- Yardville
- Zarephath
Neighborhoods in New Brunswick, NJ
Westons Mills rent to own homes Feaster Park rent to own homes Old Queens Historic District rent to own homes Bloody 6th Ward rent to own homes Douglass Campus Historic District rent to own homes Livingston Historic District rent to own homes Lincoln Gardens Historic District rent to own homes Downtown New Brunswick rent to own homes Fifth Ward rent to own homes Lincoln Park rent to own homesPopular Zip Codes in New Brunswick, NJ
08903 rent to own homes 08933 rent to own homes 08901 rent to own homesBuying a Home in New Brunswick, NJ
New Brunswick, NJ is seeing rapid growth and New Brunswick, NJ's' housing market remains not optimal with an average home price that is 23% above the 2024 national average. New Brunswick, NJ is part of Middlesex 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 Middlesex is 1.76% which is above the national average, which is 0.99%.
Median Home Price in New Brunswick, NJ
Median Rent in New Brunswick, NJ
Top 11 Reasons to Live in New Brunswick, NJ
Be in Manhattan in an hour. The centrally located New Brunswick train station has regular service to Manhattan. Head to the Big Apple to see a show in the Theater District or to spend a leisurely afternoon at Central Park.
Drink martinis. Sip a creative martini at the long-standing Clydz on Paterson Street. Many options are available to satisfy every taste, including the bar's very own Clydz Vesper. Clydz also has an assortment of tasty dishes if those martinis make you hungry. With your belly full of tasty food and martinis, wander over to Glo Ultra Lounge and enjoy special events (including live music) every Tuesday-Saturday.
Pay less sales tax. Many of New Brunswick's retail shops are located within a defined Urban Enterprise Zone, where shoppers benefit from a reduced sales tax of 3.5% at many stores. Stroll the George Street shops, and then decompress in Monument Square Park, where you can revel in your savings.
Enjoy local theater. With both the George Street Playhouse and the Crossroads Theater Company at your disposal, you will have many opportunities to see an assortment of interesting plays.
Escape to the gardens. When you need a serene and beautiful place to relax, Rutgers Gardens is your answer. The 50-acre center includes several distinct gardens, such as the Roy H. De Boer Evergreen Farden, as well as a bamboo forest. Be sure to get your local produce at the Rutgers Gardens Farmer's Market, which is open a good portion of the year.
Eat excellent food for a steal. The annual New Brunswick Restaurant week is not to be missed. Many local restaurants offer a prix fixe lunch or dinner special during this time that includes an appetizer, entree and dessert. For a fraction of what it would normally cost, you can dine at The Frog and The Peach or partake in the Ethiopian specialties at Makeda.
Sale prices have decreased. Over the last year, house sale prices have fallen by approximately 5.5%. Find a rent to own dream house by Boyd Park or Archibald Park.
Home sale numbers have gone down. The number of home sales decreased by approximately 39% compared to one year ago, indicating that fewer people are giving up their New Brunswick property. Invest in rent to own homes in the Church Street area of town, or in Raritan Gardens.
Live in a historically rich neighborhood. After World War II, the GI Bill helped American soldiers build communities on the edges of America's cities. The houses built were primarily modest in size and mostly capes and ranches. Over 40% of New Brunswick's properties (from the area near Buccleuch Park to places near Loews Theater) hail from this era, built from the 1940s to the 1960s.
Appreciation rates are steady. For the last 10 years, appreciation rates tracked above average, and ranked in the top 50% nationwide. Explore rent to own houses in the revitalized George Street area or close to the sprawling Buccleuch Park.