Rent to own Homes in Mount Vernon, NY
Mount Vernon is a city in Westchester County, which borders the Bronx. According to the 2010 census, Mount Vernon's population at the time was 67,292. This makes Mount Vernon the eighth largest city in the state of New York. Mount Vernon has a rapidly growing economy. Between 2000 and 2006, the city's economy increased by 20.5 percent, one of the fastest growth rates in the state. Mount Vernon gets its name from the Virginia plantation where George Washington lived out his life after being the first president of the United States.
Mount Vernon, NY is a great place for affordable rent-to-own homes! With a median household income of over $59,291 and a median rent of $1,327, the Mount Vernon, 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 Mount Vernon, 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 Mount Vernon, NY Property Resources
Rent to own Homes in Cities Near Mount Vernon, NY
- Baldwin
- Baldwin Harbor
- Barnum Island
- Bayonne
- Bayville
- Bedford
- Chappaqua
- Cos Cob
- Eastchester
- East Garden City
- East Meadow
- East Rockaway
- Flower Hill
- Freeport
- Glen Head
- Herricks
- Hewlett Harbor
- Levittown
- Lloyd Harbor
- Locust Valley
- Malverne
- Manhasset Hills
- Montebello
- Muttontown
- Noroton Heights
- North Haledon
- North Merrick
- North Wantagh
- Paterson
- Pelham
- River Edge
- Rockleigh
- Rock Ridge
- Roslyn Heights
- Salisbury
- Sleepy Hollow
- South Hempstead
- South Richmond Hill
- Springfield Gardens
- Tarrytown
- Thiells
- Tuckahoe
- Upper Nyack
- Valley Cottage
- Verplanck
- Viola
- Westwood
- Williston Park
- Woodmere
- Wyckoff
Popular Zip Codes in Mount Vernon, NY
10551 rent to own homes 10553 rent to own homes 10550 rent to own homes 10552 rent to own homesBuying a Home in Mount Vernon, NY
Mount Vernon, NY is seeing rapid growth and Mount Vernon, NY's' housing market remains not optimal with an average home price that is 69% above the 2024 national average. Mount Vernon, NY is part of Westchester 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 Westchester is 1.62% which is above the national average, which is 0.99%.
Median Home Price in Mount Vernon, NY
Median Rent in Mount Vernon, NY
Top Reasons to Live in Mount Vernon NY
Mount Vernon Housing Statistics Mount Vernon has 27,048 housing units. Just under nine percent are vacant with a total of 25,779 occupied. The mean value of a single-family house or condominium in Mount Vernon in 2011 was $369,000, while the value for all of New York State was $285,000. In 2000, the median value was $224,300. 35 percent of homes in Mount Vernon are owner occupied, while the state average is 60 percent. Renters live in 16,339 homes and pay a median rent of $752. Over 300 homes in Mount Vernon, New York, are listed as properties for people who want rent to own housing.
Weather and Climate Mount Vernon has a climate that is humid subtropical. The city averages 46 inches of rain annually. It also gets 34 inches of snowfall. Each year the city gets measurable precipitation on 106 days. Two hundred days of the year are sunny with a high temperature in July of 86 degrees F. January is the coldest month with an average temperature of only 21 degrees F. The comfort index, calculated based on humidity during the hot months, is 48 out of a possible 100, with 100 being the most comfortable. The average for the entire United States is 44.
Nightlife
New York City Mount Vernon is one of the closest suburb to Manhattan. It is only a 28-minute train ride to Manhattan from Mount Vernon. Residents of Mount Vernon take advantage of the short distance and often go to Manhattan for its nightlife of shows, clubs and great restaurants. However, there are some fun places right in Mount Vernon for a evening out.
Maggie Spillane's Ale House 571 Gramatan Avenue Mt. Vernon, NY
Belluzzi's Lounge 138 Mount Vernon Ave, Mount Vernon, NY
Mount Vernon Neighborhoods Mount Vernon is a city that has something to offer everyone. Here are some of its top neighborhoods:
Chester Hill Park / Sunny Brae Chester Hill Park / Sunny Brae is one of the priciest neighborhoods in the United States. Its median real estate price as of 2911 was $505,154, placing it in the top 7 percent of all neighborhoods in the United States. Rental prices average $1,260, putting it in the top 20 percent of neighborhoods in New York State for rental expense. Many of the single-family homes in this neighborhood were built in 1939 or earlier and are historic.
Fleetwood The median value of real estate in the Fleetwood neighborhood in 2011 was $429,367. It also ranks very high as an affluent neighborhood in the United States and falls in the top 10 percent of wealthy neighborhoods in America. Fleetwood is an urban neighborhood densely packed with people. Homes tend to be small, studio to two bedrooms in size. Homes are occupied by both owners and renters. The median rent in Fleetwood is $1,250.00
Vernon Park Vernon Park, a neighborhood in Mount Vernon, New York in 2011 had a median home value of $389,509. This qualifies Vernon Park to be in the top 15 percent of the most expensive neighborhoods in America. Homes in Vernon Park are small, ranging in size from studio to two bedrooms. A mixture of renters and owners occupy homes in Vernon Park where the average rent is $1,067.