Rent to own Homes in Franklin Square, NY
Franklin Square is located in western Nassau County has nearly 30,000 residents in a comfortable community with an urban density and a suburban feel. The dogwoods and oaks that are still plentiful here grew naturally in the area when it was still the grazing land known as Hempstead Plains in the 1600s. Today, this peaceful community is just 25 miles from the heart of New York City.
Franklin Square, NY is a great place for affordable rent-to-own homes! With a median household income of over $111,749 and a median rent of $1,778, the Franklin Square, 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 Franklin Square, 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 Franklin Square, NY Property Resources
Rent to own Homes in Cities Near Franklin Square, NY
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- Bogota
- Cedarhurst
- Eastchester
- East Garden City
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- River Edge
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- Roslyn Heights
- Salisbury
- Sleepy Hollow
- South Floral Park
- South Hempstead
- South Valley Stream
- Sparkill
- Tappan
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- Williston Park
Neighborhoods in Franklin Square, NY
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11010 rent to own homesBuying a Home in Franklin Square, NY
Franklin Square, NY is seeing rapid growth and Franklin Square, NY's' housing market remains not optimal with an average home price that is 138% above the 2024 national average. Franklin Square, NY is part of Nassau 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 Nassau is 1.79% which is above the national average, which is 0.99%.
Median Home Price in Franklin Square, NY
Median Rent in Franklin Square, NY
Top 7 Reasons to Live in Franklin Square, NY
Great housing choices! Whether you choose the center of town near the wide green space of Rath Park or a home near the Franklin Square Public Library, there are many single-family homes of all sizes in cape, ranch, and mixed-level styles, many built between 1940 and 1969. With a 9.4 percent vacancy rate in the town center, there are good rent to own opportunities available.
Rising real estate values! Properties are higher in value than 85.4 percent of neighborhoods in the nation, and 56.7 percent higher than elsewhere in New York. Live near the Echo Park Pool Complex for easy recreation, or stay in the town center near neighborhood favorite Murph's Restaurant and Bar.
Cosmopolitan dining options! Looking for great Pad Thai? Try Frankly Thai. For a wide range of craft brews, there's Croxley Ale, and for great coffee in an arty ambiance, there's the Starving Artist Cafe and Gallery. Nearby Gallery Pizza fits the bill for the art of great thin crust.
Plenty of shopping! From galleries and boutique shops in the center of town to national chain stores like Walgreens and renowned patisseries like Ramona Lee, you'll go without everything you need.
Fun activities! Slots a Lot Raceway has old fashioned, purely entertaining slot cars that people enjoy driving throughout the region. Big Bear Ziplines offers outdoor thrills.
Parks and recreation! Averill Boulevard Park has a large playing field, running and walking tracks, and includes the Averill Boulevard Swimming Pool. The nature trails of Valley Stream State Park are also just a few minutes away.
Community spirit! The Chamber of Commerce is active with festivities planned for the Fourth of July and the winter holidays annually. The Plattdeutsche Volksfest Vereen, begun in the 1900s offers a festival each July including a beer garden and brass band. A local newspaper, the Franklin Square Bulletin, keeps residents up on all community events.