Rent to own Homes in Jamestown, NY
Formerly known as the center of the world's furniture making industries, Jamestown -- which has the nickname of the Pearl City -- retains some large manufacturing plants. Some of the businesses in Jamestown are major regional employers, attracting people from all over this part of New York State, helping to boost the city's economy. A little-known fact about the city, which has a population in excess of 30,000 inhabitants, is that automatic voting machines, now widely used in elections, were developed there.
Jamestown, NY is a great place for affordable rent-to-own homes! With a median household income of over $34,767 and a median rent of $611, the Jamestown, 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 Jamestown, 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 Jamestown, NY Property Resources
Rent to own Homes in Cities Near Jamestown, NY
- Blooming Valley
- Canadohta Lake
- Carlton
- Columbus
- Cooperstown
- Corry
- Cranberry
- Elgin
- Franklin
- Fryburg
- Grand Valley
- Guys Mills
- Hannasville
- Hasson Heights
- Hydetown
- Kennerdell
- Kossuth
- Lincolnville
- Oil City
- Pittsfield
- Polk
- Riceville
- Rouseville
- Seneca
- Spartansburg
- Spring Creek
- Sugarcreek
- Tidioute
- Tionesta
- Titusville
- Townville
- Union City
- Utica
- Venus
- Woodland Heights
Neighborhoods in Jamestown, NY
West End rent to own homes Jamestown Downtown Core rent to own homes Jamestown Extended Downtown rent to own homes Forest Heights rent to own homes Lutheran Jamestown rent to own homes Brooklyn Square rent to own homes Riverfront rent to own homes Medical District rent to own homesBuying a Home in Jamestown, NY
Jamestown, NY is seeing rapid growth and Jamestown, NY's' housing market remains optimal with an average home price that is -69% below the 2024 national average. Jamestown, NY is part of Chautauqua 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 Chautauqua is 2.75% which is above the national average, which is 0.99%.
Median Home Price in Jamestown, NY
Median Rent in Jamestown, NY
Top 6 Reasons to Live in Jamestown, New York
Homeownership expos! Regular expos are held in Jamestown that to help first-time buyers all over Chautauqua County to deal with many of the issues they face when buying and securing a mortgage, providing advice and the opportunity to speak with experts in the field. Head to the Jamestown Renaissance Center, located at 119 West Third Street, for more information. Take Washington Street, north over the Chadakoin River and the center is located on the corner of the second right turn with free parking.
The Erie Railroad! Formerly connecting Jamestown's passengers to New York and Chicago, the Jamestown Gateway Train Station played a huge role in the development of the city and is now only used for freight. The city's station remains open today for visits, business lease space and one-off event bookings. Previously known as the Erie-Lackawanna Train Station, the station building is one of the most historical structures in the area. It is located on West Second Street, just down the road from Craft World and Action Hobbies.
The Lucille Ball-Desi Arnaz Center! Dedicated to Jamestown's most famous daughter, this museum was officially opened in 1996 in order to preserve and celebrate the legacy of Lucille Ball and her husband Desi Arnaz. Born in Jamestown on August 6, 1911, the museum is located just a mile or so away from Ball's childhood home. The original sets from her well-known television show -- I Love Lucy -- are on display. It is situated just one block from Cherry Lounge, a popular local family restaurant.
Mortgage rates are favorable! The average rent for a two bedroom unit in Jamestown is sometimes in excess of the corresponding monthly mortgage payment for a similar a dwelling, given the relatively low interest charges that are available at the moment. As such, many rent-to-own opportunities are being snapped up all over the city, from McDaniel Avenue in the west to Willow Avenue in the east, with a resulting buoyant market. Over 80 percent of the real estate in Jamestown is valued at under $100,000, making it attractive to all sorts of buyers.
The waterfront revitalization! Jamestown has recently made great efforts in redeveloping its attractive waterfront along the Chadakoin River. The former commercial and industrial sites that occupied the land along the riverside are now being used instead in creative ways to back the economic and social needs of the local community. Head to Friendly's, on South Main Street, for some of the best views of the river front from the south bank.
The Jamestown Savings Bank Ice Arena! A multi-function arena, this space can seat 1,900 and is home to ice hockey, wrestling events and concerts. It is on West Third Street, close to Shawbuck's, a bar and restaurant which also has live music.