Rent to own Homes in Oswego, NY
Oswego is the seat of Oswego County in the state of New York. Bordered by Lake Ontario and the Oswego River, the city is among the premiere fishing spots in the world. More than 30 percent of its area is scenic anchorage, making it the Port City of central New York. Oswego is just 45 minutes from Syracuse, the economic hub of central New York.
Oswego, NY is a great place for affordable rent-to-own homes! With a median household income of over $45,216 and a median rent of $860, the Oswego, 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 Oswego, 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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Oswego, NY is seeing rapid growth and Oswego, NY's' housing market remains optimal with an average home price that is -59% below the 2024 national average. Oswego, NY is part of Oswego 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 Oswego is 2.68% which is above the national average, which is 0.99%.
Median Home Price in Oswego, NY
Median Rent in Oswego, NY
Top 6 Reasons to Live in Oswego, NY
Go salmon and trout fishing! A world-famous fishing paradise, Oswego draws anglers from the U.S. and nearby Canada. The finest spots include the Oswego River banks, Lake Ontario upstream and Oswego dam and lock stations. Local shops like Harry's Bait, Boat and Tackle sell fishing gear, while inns like K and G Sportsman's Lodge host weekend fishing enthusiasts.
Feel the rush at the Indy of the East! Watch the Race of Champions featuring modified touring cars at the Oswego Speedway on East Albany Street. Don't forget to drop by the Oswego Kartway just behind the Speedway, where you can watch or join a modified go-kart oval track racing.
Stroll along historic maritime district! Take leisurely walks along the Central Pier district and visit H. Lee White Marine Museum, where the 85-foot steel schooner OMF Ontario and the WWII hero ship LT-5 US Army Tugboat are on display. Re-energize with a mug of beer at district pub Alley Cat Tavern.
Great place to own a home! The average price for both detached homes and condominiums are half of the state average, yet home value is growing by 78 percent every 10 years. Homes for sale can be found in neighborhoods along Lake Street and Ontario Street, near NY State Route 104 and Romney Field.
Thriving arts scene! Oswego residents enjoy a full range of cultural events throughout the year. Head to Washington Park for free Movies in the Park in the summer, join the four-day Harborfest Concert on Lake Street every July or reserve a seat at the State University of New York (SUNY) for the Artswego performance art series.
Diverse rental homes! Oswego's mix of seaport and downtown living creates a thriving rental market. Detached homes for rent can be found in the maritime district while rental apartments, including rent to own homes, can be found along East River Road and West 1st Street, near Canal Commons and Oswego Plaza.