Rent to own Homes in South Farmingdale, NY
A hamlet of beautiful Oyster Bay, NY, South Farmingdale is just 24 miles from the Big Apple, but its small-town charm makes it seem a million miles away. With a population of around 14,486, South Farmingdale enjoys a moderate climate, with January lows around 38 degrees and July highs around 82 degrees. Close to popular golf courses and big city attractions, this former railway town offers lower rents and housing prices than New York City, which makes it popular for commuters.
South Farmingdale, NY is a great place for affordable rent-to-own homes! With a median household income of over $137,393 and a median rent of $1,707, the South Farmingdale, 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 South Farmingdale, 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 South Farmingdale, 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 South Farmingdale, NY
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South Farmingdale, NY is seeing rapid growth and South Farmingdale, NY's' housing market remains not optimal with an average home price that is 105% above the 2024 national average. South Farmingdale, 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 South Farmingdale, NY
Median Rent in South Farmingdale, NY
Top Five Reasons to Live in South Farmingdale
Elegant eateries! When it's time to eat, locals gather at Palmer's American Grille, which serves up elegant fare such as seafood crepes and zucchini linguine. Another favorite is Trento, which features everything from pizzas and pastas to gourmet delights such as veal chops and stuffed salmon.
Fun things to do! History and aviation buffs will enjoy visiting the American Airpower Museum, a fantastic aviation museum that boasts an interactive display of vintage aircraft and historic photos chronicling the history of American aviation. For thrill-seekers, there's Adventureland, a top-notch amusement park with plenty of popular rides, including the Hurricane roller coaster.
Lower rental rates than New York City! The median rental price is $1,900, which is substantially lower than rental rates in New York City. In the neighborhood of Gwynne Lane, a lovely one-bedroom townhouse can list for around $1,350 a month, while a spacious two-bedroom house around Hallock Street might list for around $2,200.
Affordable house prices! With median list price houses at $349,999, South Farmingdale offers a variety of attractive rent to own houses and homes for sale. These are especially popular with residents who prefer to commute to their jobs rather than pay New York City prices. Mid-century houses in the lovely area of Cinque Drive can list for less than $360,000, while a charming mid-century, four-bedroom residence in the area of Beryl Lane can list for less than $260,000.
Parks, recreation and golfing! South Farmingdale is just minutes away from Bethpage State Park, a true golfer's oasis with a total of five golf courses. Among these is the popular Bethpage Black Course, a par 71 course that has twice hosted the U.S. Open. For other types of outdoor recreation, the locals hang out at E W Allen Town Park, which offers tennis and handball courts, plus fields for baseball, soccer and skateboarding.