Rent to own Homes in Cohoes, NY
Nestled right on the Hudson River, Cohoes, NY is a city full of history and culture. Called the Spindle City due to its heavy industry in the 19th and 20th centuries, it can trace its roots back to the 1630's when a Dutch merchant sectioned off a large parcel of land that would later become the heart of Cohoes. Well known for its canals and mills, Cohoes is a modern city with a historical feel.
Cohoes, NY is a great place for affordable rent-to-own homes! With a median household income of over $55,266 and a median rent of $957, the Cohoes, NY 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 Cohoes, NY. 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 Cohoes, NY Property Resources
Rent to own Homes in Cities Near Cohoes, NY
- Albany
- Alcove
- Athens
- Austerlitz
- Averill Park
- Berlin
- Castleton-on-Hudson
- Chatham
- Clarksville
- Claverack
- Claverack-Red Mills
- Clifton Knolls Mill Creek
- Coeymans Hollow
- Colonie
- Coxsackie
- Craryville
- Cropseyville
- Earlton
- East Chatham
- East Greenbush
- East Nassau
- Feura Bush
- Glenmont
- Guilderland
- Hampton Manor
- Johnsonville
- Lanesborough
- Latham
- Lorenz Park
- Malden Bridge
- Melrose
- Menands
- Nassau
- New Baltimore
- Niverville
- Philmont
- Pittsfield
- Richmond
- Rotterdam
- Schenectady
- Stephentown
- Troy
- Valley Falls
- Waterford
- Watervliet
- Westerlo
- Westmere
- West Sand Lake
- West Stockbridge
- Wynantskill
Neighborhoods in Cohoes, NY
Cohoes rent to own homesPopular Zip Codes in Cohoes, NY
12047 rent to own homesBuying a Home in Cohoes, NY
Cohoes, NY is seeing rapid growth and Cohoes, NY's' housing market remains optimal with an average home price that is -21% below the 2024 national average. Cohoes, NY is part of Albany 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 Albany is 1.74% which is above the national average, which is 0.99%.
Median Home Price in Cohoes, NY
Median Rent in Cohoes, NY
Top 5 Reasons to Live in Cohoes, NY
History! Cohoes offers the history buff and the novice a great chance take a glance into the city's past; with many of their historical sites included on the National Register of Historic Places, Cohoes is a city that prides itself on its past. You can now live in the Harmony Hills Historic District, which was the largest cotton mill complex in 1872, with parts of the Mill converted into loft apartments. The downtown district is full of historical buildings and shops and the city has many historical houses you can stroll past, including the J. Leonard Lackman House, built in the late 19th century, the William J. Dickey House, built in 1890, and the Van Schaick House, built around 1735.
Great for rentals! With a welcoming population, 55 percent of whom are renters, you are guaranteed to find the perfect place. With a rental average of around $763, it is affordable as well. Try the popular areas along Columbia St, Delaware Ave or Cayuga Plz for a property to rent.
Parks and festivals! Sitting right on the Hudson River, Cohoes has several notable farms and waterways, the most popular being the Cohoes Falls. These historic falls were the main engines of industry which turned Cohoes into the city it is today. With festivals all year round, the city utilizes the parks that abound with a Tree Lighting Celebration in Silliman Park, the annual Turkey Trot and the annual Canal Splash, which has guided walking and biking tours.
Delicious eats! With everything you could need from a small city, Cohoes delivers on its food choices. Hungry for some pizza? Head over to Mick's Pizza for some delicious crusts. More in the mood for dessert? Pick up some ice cream from Guptill's Coney Express.
Rising appreciation rates! With housing prices rising 0.27 percent in the past quarter, and 0.84 percent in the past two years, it has never been a better time to buy property in Cohoes. Whether you want to buy outright or rent to own, the city has plenty of opportunities for those looking to move into the city. The areas along Columbia St, City Center and Cayuga Plz have seen the highest appreciation rates in the city.