Rent to own Homes in Newburgh, NY
Newburgh is located in Orange County in the Hudson Valley, and has grown to over 28,000 residents. Picturesque downtown Newburgh can be viewed from the Hudson River, and the city's location along the water allows residents to enjoy water sports in warmer weather. Newburgh's proximity to New York City, Albany and Poughkeepsie has made it a popular location for people who want to be able to take day trips into the cities without having to live in them.
Newburgh, NY is a great place for affordable rent-to-own homes! With a median household income of over $43,435 and a median rent of $1,139, the Newburgh, 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 Newburgh, 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 Newburgh, NY Property Resources
Rent to own Homes in Cities Near Newburgh, NY
- Balmville
- Brinckerhoff
- Buchanan
- Campbell Hall
- Chester
- Cold Spring
- Cortlandt Manor
- Cragsmoor
- Croton-on-Hudson
- Crugers
- Fairview
- Firthcliffe
- Fishkill
- Freedom Plains
- Gardnertown
- Goshen
- Granite Springs
- High Falls
- Highland
- Highland Falls
- Hillside
- Hurley
- Jefferson Valley-Yorktown
- Kingston
- Kiryas Joel
- Marlboro
- Maybrook
- Mechanicstown
- Milton
- Monroe
- Montgomery
- Montrose
- Mountain Lodge Park
- Mount Ivy
- New Paltz
- New Windsor
- Putnam Valley
- Rosendale
- Scotchtown
- Southfields
- Stone Ridge
- Stony Point
- Thiells
- Thompson Ridge
- Tomkins Cove
- Vails Gate
- Verplanck
- Walton Park
- West Haverstraw
- Woodbury
Neighborhoods in Newburgh, NY
Newburgh rent to own homes East End Historic District rent to own homesPopular Zip Codes in Newburgh, NY
12551 rent to own homesBuying a Home in Newburgh, NY
Newburgh, NY is seeing rapid growth and Newburgh, NY's' housing market remains optimal with an average home price that is -27% below the 2024 national average. Newburgh, NY is part of Orange 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 Orange is 1.79% which is above the national average, which is 0.99%.
Median Home Price in Newburgh, NY
Median Rent in Newburgh, NY
Top 4 Reasons to Live in Newburgh, NY
Falling home prices! Decreasing sales prices mean that people who couldn't purchase a home otherwise are now able to afford the median sales price of $153,700. Rent to own options are available for people who would like the option to buy without immediately committing. A unique feature of Newburgh is that homes can be found in any price range throughout the city. For example, homes ranging from $55,000 to $1.25 million are available in the two blocks between Delano-Hitch and Downing Parks.
Close proximity to the action! Newburgh has its own activities in places like the Downing Film Center and the Powelton Club, but one of the best features of this inviting city is the fact that it is so close to major cities like New York. Manhattan is just an hour's drive away, so residents can easily take a day trip to capitalize on the short commute.
A rich and long history! Newburgh was first explored in 1609, and the city later played a role in the American Revolution. Residents can visit Washington's Quarters, a preserved building that tells the story of how the Continental Army used Newburgh as a base. Inventors have been drawn to Newburgh over the years, and the city has been host to such developments as nuclear power and the television.
Affordable rentals for any budget! New residents may believe that the amenities of Newburgh paired with the proximity to the big city would command high rents, but there are rental homes available in all price ranges in the city. Small apartments that cost around $800 per month can be found along Robinson Avenue, while luxury apartments in buildings that offer all of the amenities that you could want are located along Broadway, with a price tag topping $2,000 per month.