Rent to own Homes in Niagara Falls, NY
Historic Houses: If you live in Niagara Falls, chances are you'll find a rent to own place in one of the many pre-war houses that characterize this city, with a median house price of $69,000. Check out the neighborhoods of Nashville or La Salle.
Niagara Falls, NY is a great place for affordable rent-to-own homes! With a median household income of over $41,137 and a median rent of $649, the Niagara Falls, 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 Niagara Falls, 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 Niagara Falls, NY Property Resources
Rent to own Homes in Cities Near Niagara Falls, NY
- Blasdell
- Buffalo
- Burt
- Cheektowaga
- Depew
- East Amherst
- Eggertsville
- Getzville
- Grand Island
- Grandyle Village
- Kenmore
- Lackawanna
- Lewiston
- Lockport
- Niagara Falls
- Niagara University
- North Tonawanda
- Ransomville
- Sanborn
- Sloan
- South Lockport
- Tonawanda
- Tonawanda Town
- University at Buffalo
- West Seneca
- Williamsville
- Wilson
- Youngstown
Neighborhoods in Niagara Falls, NY
Little Italy rent to own homes Hyde Park rent to own homes East Side rent to own homes North End rent to own homes LaSalle rent to own homes Buffalo Avenue Industrial rent to own homes South End rent to own homes Goat Island rent to own homesPopular Zip Codes in Niagara Falls, NY
14302 rent to own homes 14304 rent to own homes 14301 rent to own homes 14303 rent to own homes 14305 rent to own homesBuying a Home in Niagara Falls, NY
Niagara Falls, NY is seeing rapid growth and Niagara Falls, NY's' housing market remains optimal with an average home price that is -64% below the 2024 national average. Niagara Falls, NY is part of Niagara 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 Niagara is 3.06% which is above the national average, which is 0.99%.
Median Home Price in Niagara Falls, NY
Median Rent in Niagara Falls, NY
11 Reasons to Live in Niagara Falls
Awesome Scenery: With the magnificent Niagara Falls in your neighborhood, you will love being outdoors. Take the Maid of the Mist boat ride or dine out at the Top of the Falls restaurant to soak in the beauty of the area.
More space for your money: In Niagara Falls, the house prices are less than in other parts of New York State. With average housing prices 40% lower than the U.S. average, you could find yourself with a lovely apartment or rent to own house on Macklem Avenue or Military Road.
Great Transportation Links: You'll find interstate highways such as the 190 and 31 within easy reach of the city center and LaSalle. And you get more time to dine out in places like Fortuna's or Como Restaurant.
The time to buy is now: As with many places in the USA, home prices dipped with the recession. They are on the up now, rising by 3% in Niagara Falls in the previous 12 months. If you are thinking about rent to own homes in places like Grand Island or Witmer Road, the time to move is now.
A good investment: Niagara Falls sees 13 million visitors annually and will always be a popular visitor destination because of the scenery and National Park. If you buy somewhere like Nashville or Sanbourn, you have the flexibility to use your property as a holiday rental.
The Niagara Wine trail: One of the best-kept secrets in Niagara Falls is the county wine trail. Enjoy tasting a few glasses of the local specialty in this unique micro-climate. You can visit Arrowhead Spring Winery or A Gust of Sun near Ramsonville.
The shopping: In Niagara Falls, there are some great places to shop, so you don't need to go anywhere else. If you are looking for bargains for your new home, check out the great outlet malls. One of the best places to shop is the Fashion Outlets of Niagara Falls. For super unique items, try Shawnee Barns Antique Co-Op.
Delicious food: There are plenty of options for fresh food in Niagara where you'll definitely eat well, whether you live in the city center or somewhere like LaSalle. One of the best places to go is the farmers' markets. Check out Lancaster Village Market and the Niagara Farmers' Market for some of the best food around.
A vibrant nightlife: In Niagara, there are some great places to go out at night. There's The Vault Nightclub on Buffalo Drive or Club Seven Niagara on Robinson Street.
There's always something going on: With plenty of events throughout the year, you will never tire of the city. Enjoy live music at places like The Giacomo and golf tournaments at the Niagara Falls Country Club. With concerts, walks and museums as well, Niagara Falls will keep you busy.