Rent to own Homes in Watertown, NY
Watertown, located in the upper west corner of New York State, serves as a commercial center as well as the seat of Jefferson County. First settled in 1800, Watertown was enhanced by its proximity to the Black River and nearby railroad line. The city is home to an international airport, a historic Cider Mill and the State Zoo, and it offers a wealth of history, culture and local charm.
Watertown, NY is a great place for affordable rent-to-own homes! With a median household income of over $41,918 and a median rent of $818, the Watertown, 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 Watertown, 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 Watertown, NY
- Adams
- Adams Center
- Alexandria Bay
- Belleville
- Black River
- Brownville
- Calcium
- Carthage
- Chaumont
- Clayton
- Copenhagen
- Deferiet
- Depauville
- Dexter
- Ellisburg
- Evans Mills
- Felts Mills
- Fishers Landing
- Fort Drum
- Glen Park
- Great Bend
- Henderson
- Herrings
- Lacona
- La Fargeville
- Lorraine
- Mannsville
- Pamelia Center
- Philadelphia
- Pierrepont Manor
- Plessis
- Redfield
- Redwood
- Rodman
- Sackets Harbor
- Sandy Creek
- Theresa
- Thousand Island Park
- Three Mile Bay
- Watertown
- Wellesley Island
- West Carthage
Neighborhoods in Watertown, NY
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13601 rent to own homesBuying a Home in Watertown, NY
Watertown, NY is seeing rapid growth and Watertown, NY's' housing market remains optimal with an average home price that is -40% below the 2024 national average. Watertown, NY is part of Jefferson 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 Jefferson is 1.68% which is above the national average, which is 0.99%.
Median Home Price in Watertown, NY
Median Rent in Watertown, NY
Top 5 Reasons to live in Watertown, NY
The New York State Zoo! Open all year around, the New York State Zoo is a fantastic outing for people of all ages. Also known as the Thompson Park Zoo, it is the only zoo in the world to exhibit animal species native to New York State, including: black bears, eagles, wolverines and mountain lions. The zoo is located next to Thompson Park and the Watertown Golf Club.
Great rental community! 57 percent of the residents in Watertown are renters, so finding a great place to rent has never been easier. The most popular areas for rental homes and apartments are Washington Street, Rodman, Calcium, City Center and Water Street.
Exciting nightlife! With over 130 restaurants, bars and cafes, Watertown has an outstanding array of options. For cheap eats, head over to Arsenal Street Diner on a Sunday afternoon, or for something a bit fancier, head over to the Great American Grill for some delicious breakfast dishes. Watertown is also home to the Crystal Restaurant, which is the oldest restaurant in the city; the restaurant has been owned and operated by one family since the 1930s.
Outdoor activities! Nestled on the banks of Lake Ontario, Watertown offers a great escape into the outdoors. Thompson Park features tennis courts, a public pool, hiking trails and playgrounds. If you are looking for something a bit more organized, head over to the Hudson River Rafting Company, which is open for three seasons out of the year. Watertown also has a Dry Hill Ski Area for folks who head to the mountains to ski, snowboard or snow-tube.
Rising appreciation rates! With housing rates appreciating at 3.2 percent over the last year, Watertown is proving to be an ideal place to buy a house or for those interested in rent to own options. The neighborhoods of Rodman, City Center, Calcium and Leray Street have experienced the highest appreciation rates in recent years.