Rent to own Homes in Newberg, OR
This lovely college and agricultural community has transformed into an outer suburb of the Portland metro, while still holding strong to its roots. Now the gateway to one of America's premier wine regions, Newberg is a thriving small city that is home to almost 25,000 people. Sitting near the Willamette River In a beautiful valley surrounded by nut orchards, wineries and forested hills, it's home to George Fox University.
Newberg, OR is a great place for affordable rent-to-own homes! With a median household income of over $75,225 and a median rent of $1,281, the Newberg, OR 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 Newberg, OR. 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 Newberg, OR
- Bethany
- Boring
- Cedar Hills
- Cedar Mill
- Clackamas
- Colton
- Cornelius
- Donald
- Dundee
- Dunthorpe
- Durham
- Eagle Creek
- Garden Home-Whitford
- Gervais
- Gladstone
- Gresham
- Happy Valley
- Hazel Dell
- Hillsboro
- Hubbard
- Jennings Lodge
- Johnson City
- King City
- Lake Oswego
- Maywood Park
- Metzger
- Milwaukie
- Minnehaha
- Molalla
- Mount Angel
- Mulino
- Newberg
- Oak Grove
- Oak Hills
- Oatfield
- Oregon City
- Portland
- Raleigh Hills
- Rivergrove
- Rockcreek
- Sherwood
- Silverton
- Stafford
- St. Paul
- Tigard
- Tualatin
- West Linn
- West Slope
- Wilsonville
- Woodburn
Neighborhoods in Newberg, OR
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No zip codes foundBuying a Home in Newberg, OR
Newberg, OR is seeing rapid growth and Newberg, OR's' housing market remains not optimal with an average home price that is 57% above the 2024 national average. Newberg, OR is part of Yamhill 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 Yamhill is 0.89% which is below the national average, which is 0.99%.
Median Home Price in Newberg, OR
Median Rent in Newberg, OR
5 Reasons to Love Living in Newberg, OR
Get spoiled by the great wine! It's pretty well known that some of the best Pinot Noirs in the world are made here, but don't forget about the rest of the wine varieties. Sample great vintages in town at one of the 11 tasting rooms within easy walking distance of downtown Newberg. You can also find wine in the countryside at exceptional producers like Arbor Brook Vineyards or Torii Mor Winery. Rex Hill Vineyards is one of the first you encounter while driving into town.
Nice variety of housing options! Large estates near the Willamette River, bungalow-style homes near downtown, or standard suburban two-story new homes in tracts are among the options here. The newest campus of Portland Community College is near Chehalem Glenn Golf Course and is an anchor point for new housing development. The median sales price of $245,000 for late 2014 represents a value in Portland metro suburbs.
Homes near fantastic parks and recreation! From Jaquith Park with its tennis courts, ball fields and picnic area to Memorial Park, home to many community events, Newberg is a town that honors playtime. Just out of town, Champoeg State Park is a recreational gem. Rent to own houses near one of the many neighborhood parks should be fairly easy to find. Living here also puts you within a short drive of the Portland metro area to the east and the Oregon Coast to the west.
Festivals, parties and more! The Old Fashioned Festival is one of the biggest town parties in the state. Featuring a car show, carnival, big street parade and a big slate of entertainment, it's a huge draw. Halloween sees thousands turn out downtown for trick-or-treat, and the Newberg Oktoberfest is fun.
Tasty dining! The range of eateries here is impressive. Enjoy artisan dining in an intimate atmosphere at Painted Lady on S. College St. or try Recipe on N. Washington St. for an exquisite meal. Additionally, Newberg is home to great casual places like Lucky Fortune on E. 1st for tempting Chinese fare or Cancun Mexican Restaurant, a couple blocks away on 1st, for zesty Mexican specialties.