Rent to own Homes in Ridgewood, NJ
Just a few miles from the busy heart of Manhattan, Ridgewood is a vibrant community with a quaint atmosphere. Centrally located, Ridgewood's charms include its convenience to other areas in New York and New Jersey as well as the diversity of attractions it has to offer. The city is both historic and modern, full of colonial area buildings and fashion boutiques in the picturesque downtown.
Ridgewood, NJ is a great place for affordable rent-to-own homes! With a median household income of over $178,958 and a median rent of $2,062, the Ridgewood, 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 Ridgewood, 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 Ridgewood, NJ Property Resources
Rent to own Homes in Cities Near Ridgewood, 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 Ridgewood, NJ
Ridgewood rent to own homesBuying a Home in Ridgewood, NJ
Ridgewood, NJ is seeing rapid growth and Ridgewood, NJ's' housing market remains not optimal with an average home price that is 242% above the 2024 national average. Ridgewood, 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 Ridgewood, NJ
Median Rent in Ridgewood, NJ
Top 7 Reasons to Live in Ridgewood, New Jersey
Be a part of history! Ridgewood has a dozen listings on the National Register of Historic Places, many of them from the colonial era. Two popular spots are the David Ackerman House, built in 1750, and the Westervelt-Cameron House, built in 1767.
Great local restaurants! Ridgewood has a thriving local restaurant scene. Diners can choose places like the upscale Latour, a French restaurant where patrons are encouraged to bring their own wine, or the more casual Park West Tavern.
Bustling downtown! The heart of the city, downtown Ridgewood has shopping, dining and culture. New residents could do worse than a hearty breakfast at the Country Pancake House followed by a trip to Bookends bookstore to pick up a history of the area.
Welcoming city for newcomers! For recent transplants, the town has the Ridgewood Newcomers Club, which offers activities and socials for new families to get to know the town and fellow residents. Graydon Pool, a more than 2.5-acre natural pool, has been a family spot in town for a century and is a great place to meet other residents.
Centrally located! Less than an hour from Manhattan and an hour from the sandy beaches of the Jersey Shore, Ridgewood is centrally located to all the region has on offer. Commuters or weekend travelers will appreciate the centrally located Ridgewood rail station, which connects riders to greater New Jersey and beyond. Highway 17 also runs through eastern Ridgewood and is the most direct route for drivers heading into New York City.
Variety of real estate! Because of the region's age, there are many historic homes on the market but also plenty of new development. For older homes, search in the community of Old Ridgewood, just south of downtown. Newer homes can be found in the Goffel Road area.
Rent to own options abound! Buyers looking for a rent to own option in Ridgewood will not be disappointed. There are rent to own options in the pleasant Godwin Avenue and Ackerman Avenue neighborhoods. Traditional renters will find most that the neighborhoods west of Maple Park have plenty of apartments available.