Rent to own Homes in Rome, NY
Located in Upstate New York, Rome is a city that absolutely loves its hockey. The Kennedy Ice Arena is one of the city's most popular spots, and it has played host to at least three hockey teams since its construction was finished in 1964. It's hard to imagine why someone would want to go to an ice skating rink while living in a city where the average low temperature can drop to 12 degrees, but, hey, if it makes sense in Canada...
Rome, NY is a great place for affordable rent-to-own homes! With a median household income of over $51,752 and a median rent of $779, the Rome, 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 Rome, 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 Rome, NY Property Resources
Rent to own Homes in Cities Near Rome, NY
- Ava
- Barneveld
- Blossvale
- Boonville
- Bouckville
- Camden
- Canastota
- Chadwicks
- Clark Mills
- Clayville
- Clinton
- Constableville
- Deansboro
- Durhamville
- Forestport
- Hamilton College
- Holland Patent
- Hubbardsville
- Lake Delta
- Lee Center
- Madison
- Munnsville
- New Hartford
- New York Mills
- North Bay
- North Brookfield
- Oneida
- Oneida Castle
- Oriskany
- Oriskany Falls
- Prospect
- Remsen
- Rome
- Sauquoit
- Sherrill
- Stittville
- Sylvan Beach
- Taberg
- Utica
- Vernon
- Vernon Center
- Verona
- Wampsville
- Washington Mills
- Waterville
- Westdale
- Westernville
- Westmoreland
- Whitesboro
- Yorkville
Neighborhoods in Rome, NY
No neighborhoods foundBuying a Home in Rome, NY
Rome, NY is seeing rapid growth and Rome, NY's' housing market remains optimal with an average home price that is -53% below the 2024 national average. Rome, NY is part of Oneida 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 Oneida is 2.46% which is above the national average, which is 0.99%.
Median Home Price in Rome, NY
Median Rent in Rome, NY
Top 5 Reasons to Live in Rome, NY
History comes alive! The citizens of Rome call the area the City of American History, and this is with good cause. Fort Stanwix, also known as the fort that never surrendered, stands as a reminder of America gaining her independence. Food lovers might also enjoy visiting the Museum of Cheese to learn about America's first cheese factory, which was constructed in the city.
Affordable real estate prices! The median house value in Rome, even before the massive market recovery, is 67% lower than the median value of New York in general. With Rome's Amtrak station nearby, this means you can live in a community where New York City is accessible without the expensive prices. This is definitely your best way to the Big Apple, since Griffiss International Airport is now only used to test drones!
Get a little culture! There are a wealth of opportunities to stay cultured in Rome. A quick trip to the Rome Art and Community Center can expand your horizons. For those who want to avoid walking around looking at art, it's possible to still keep the hipster persona by taking a trip to the Capitol Theatre and sitting back to enjoy a great movie or amazing Broadway-esque show.
Home values are increasing! Over the past decade, Rome's home values have gone up 32% in comparison to America's 13%. This could be because the Utica-Rome region was ranked as one of the least stressful places to live in America, or it could be that Rome's violent crime rate has traditionally been a third of the American average. Regardless, those looking to rent, purchase, or rent to own are in a good position. Check out areas near Fort Stanwix, Kennedy Arena, and Stevens Field for nearby shopping and groceries.
Awesome eateries everywhere! There's no need to go all the way to New York City to find some of the Empire State's finest eateries. The Savoy Restaurant is consistently ranked highly and serves some of the best Italian food you'll find in New York. Vescio's Franklin Hotel is also a little hidden gem in the city. Regardless of where you end up in Rome, there will always be some amazing cuisine.