Rent to own Homes in North Bellmore, NY
North Bellmore is part of The Bellmores, which are a collection of hamlets in Nassau County on Long Island, New York. It is home to about 20,000 residents, many of whom commute regularly into nearby New York City on the Long Island Railroad. Notable residents have included former CIA Director William Casey, former NHL player Matt Gilroy, and former NFL running back Amos Zereoue.
North Bellmore, NY is a great place for affordable rent-to-own homes! With a median household income of over $150,353 and a median rent of $2,002, the North Bellmore, 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 North Bellmore, 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.
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Rent to own Homes in Cities Near North Bellmore, NY
- Amityville
- Asharoken
- Babylon
- Baldwin
- Baldwin Harbor
- Barnum Island
- Bayville
- Bellmore
- Compo
- Cos Cob
- Darien Downtown
- East Garden City
- East Meadow
- East Northport
- East Rockaway
- Elwood
- Flower Hill
- Freeport
- Glen Head
- Greenlawn
- Greens Farms
- Halesite
- Hauppauge
- Herricks
- Hewlett Harbor
- Huntington Bay
- Lake Ronkonkoma
- Levittown
- Lindenhurst
- Lloyd Harbor
- Locust Valley
- Malverne
- Manhasset Hills
- Massapequa Park
- Muttontown
- North Amityville
- North Merrick
- Northport
- North Wantagh
- Norwalk
- Roslyn Heights
- Salisbury
- South Hempstead
- Stony Brook
- West Hills
- West Islip
- Westport Village
- Wheatley Heights
- Williston Park
- Wyandanch
Neighborhoods in North Bellmore, NY
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No zip codes foundBuying a Home in North Bellmore, NY
North Bellmore, NY is seeing rapid growth and North Bellmore, NY's' housing market remains not optimal with an average home price that is 130% above the 2024 national average. North Bellmore, 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 North Bellmore, NY
Median Rent in North Bellmore, NY
4 Reasons to Move to North Bellmore, NY
An in-demand area! Housing prices in North Bellmore typically command higher values than elsewhere in the state of New York. The median sale price for a property here is $442,500 compared to $295,300 elsewhere in the state, which is a difference of 49.8%. This is hardly surprising given there is a vacancy rate of just 4.0%. The leafy residential streets north of Jerusalem Avenue are home to many large and attractive single unit homes on streets such as Douglas Avenue and Janet Avenue. Rent to own properties are also available in the town.
Easy commuting into New York City! One of the main appeals of North Bellmore is its relatively quick commuting time into New York City. It is home to Bellmore Station on Petit Avenue, which is part of the Long Island Railroad and offers regular direct services into Manhattan's Penn Station in less than 45 minutes. Otherwise it is possible to drive in via the Southern State Pikeway, which borders the north of the suburb.
Great local restaurants! North Bellmore boasts an eclectic range of eateries meaning there is something to please most everyone. One of the local favorites is the family-run Elisa's Restaurant on North Jerusalem Road, which is known for its authentic, homemade Italian food. Those who can't start their day without a fresh cream cheese bagel and coffee will be well-served by Lotsa Bagels, which is also on North Jerusalem Avenue and has a huge variety of freshly baked goodies to choose from.
Home values are rising again! After a brief dip in values after the recession and housing crash, real estate values in North Bellmore have reached their pre-2009 peak. In the past 12 months alone, they have increased by 3.72 percent and this is a trend that looks set to continue. Some of the most in-demand areas for property include either side of Bellmore Avenue and Bellmore Road.