Rent to own Homes in Westbury, NY
Westbury, NY draw lies in its small-town charm and its proximity to Manhattan. The village is only 30 minutes east of New York and had a population of 15,146 in the 2010 census. In 1657, Captain Seaman purchased 12,000 crews of land from the Massapequa Indians and 18 years later, Henry Willis named the area after his hometown in England. The city's historic core has made a comeback in recent years and there are abundant shopping and dining opportunities for residents and visitors alike.
Westbury, NY is a great place for affordable rent-to-own homes! With a median household income of over $108,992 and a median rent of $1,865, the Westbury, 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 Westbury, 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 Westbury, NY Property Resources
Rent to own Homes in Cities Near Westbury, 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 Westbury, NY
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Westbury, NY is seeing rapid growth and Westbury, NY's' housing market remains not optimal with an average home price that is 118% above the 2024 national average. Westbury, 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 Westbury, NY
Median Rent in Westbury, NY
Top 4 Reasons to Live in Westbury, NY
Rising property values! Between 2013 and 2014, the median house price in Westbury increased nearly 7.7 percent to hit a high of $400,900. The market is expected to attract buyers because nearly 19.7 percent of homeowners owe more on their mortgage than their house is worth. For some of the most desirable areas within the larger community, check out the communities of Jericho Turnpike-Ellison Avenue, Westbury Avenue or Carman Avenue-Hearth Lane.
Historical attractions! Westbury, NY has a rich history and several properties are listed on the National Register of Historic Places. While Old Westbury Gardens isn't one of the rent to own homes on the market, it is open to visitors. The mansion sits on 200 acres of formally landscaped grounds that include walking trails, lakes and ponds. The Westbury House's interior is outfitted with English antiques and artwork that represent the era. Nearby, the Sagamore Hill National Historic Site preserves the home where U.S. President Theodore Roosevelt lived from 1885 until 1919. The site is open for regular tours and the home includes many of its original furnishings.
High ownership rates! With a high rate of ownership and limited room for further expansion, Westbury is a great place for residents to call home. Nearly 73 percent of all homes are owned while 21 percent are rentals. The most affordable neighborhoods in the city include Village Center, Salisbury and New Cassel.
Eclectic cuisine! Westbury residents have access to a wide variety of local restaurants. If you're looking for a place to relax with friends and family members, try the City Cellar Wine Bar and Grill, which has regular happy hours and a menu that includes steak and seafood. For some Italian fare, try Cafe Baci and their freshly made pasta. The Kobe Japanese Steakhouse features a hibachi chef who cooks fresh steaks and seafood at your table.