Rent to own Homes in Bethlehem, PA
The blast furnaces have gone quiet, and while the loss of Bethlehem Steel had a major impact on this Pennsylvania city's economy, Bethlehem has fought back to become a desirable destination once again. In the middle of Lehigh County, with the cities of Allentown and Eastonon either side, Bethlehem is home to 75,000 residents. Blending almost three centuries of history with modern-day activities, Bethlehem features a casino and one of the pre-eminent music festivals on the east coast--the Bethlehem MusikFest.
Bethlehem, PA is a great place for affordable rent-to-own homes! With a median household income of over $56,034 and a median rent of $1,076, the Bethlehem, PA 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 Bethlehem, PA. 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 Bethlehem, PA Property Resources
Rent to own Homes in Cities Near Bethlehem, PA
- Ackermanville
- Allentown
- Bally
- Bechtelsville
- Belfast
- Bowers
- Boyertown
- Catasauqua
- Cementon
- Center Valley
- Chestnut Hill
- Coopersburg
- Coplay
- Dorneyville
- Dryville
- East Greenville
- Frederick
- Fullerton
- Germansville
- Gilbertsville
- Harleysville
- Hereford
- Kempton
- Milford Square
- Morgan Hill
- New Berlinville
- Oley
- Orefield
- Palm
- Perkiomenville
- Pottsgrove
- Quakertown
- Sanatoga
- Schnecksville
- Silverdale
- Slatington
- Souderton
- Spinnerstown
- Stockertown
- Sun Valley
- Telford
- Trexlertown
- Trumbauersville
- Upper Black Eddy
- Virginville
- Weissport East
- Wescosville
- Wilson
- Woxall
- Zionsville
Neighborhoods in Bethlehem, PA
South Bethlehem Downtown Historic District rent to own homes Central Bethlehem Historic District rent to own homes Edgeboro rent to own homes Colonial Industrial Quarter rent to own homes Northeast Bethlehem rent to own homes Elm Street District rent to own homes Bethlehem Steel Plant rent to own homes Mt. Airy Historic District rent to own homes Bethlehem Heights rent to own homes South Bethlehem rent to own homesPopular Zip Codes in Bethlehem, PA
18016 rent to own homes 18025 rent to own homes 18018 rent to own homesBuying a Home in Bethlehem, PA
Bethlehem, PA is seeing rapid growth and Bethlehem, PA's' housing market remains optimal with an average home price that is -19% below the 2024 national average. Bethlehem, PA is part of Northampton 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 Northampton is 1.5% which is above the national average, which is 0.99%.
Median Home Price in Bethlehem, PA
Median Rent in Bethlehem, PA
Top Reasons to Live in Bethlehem PA
Housing Statistics for Bethlehem Bethlehem is split as far as owners and renters of units goes, with 55% of housing units being owned. Part of the rental percentage is made up of college students from both Lehigh University and Moravian College. One out of every ten Bethlehem residents is attending college - whether in Bethlehem, or elsewhere. The median home sale price of houses in Bethlehem is $153,448, slightly below the national average. Bethlehem is also an older community, which leads to a low vacancy rate for houses and apartments. At only 5.94%, the vacancy rate is half the national average. Rental prices average at $650 per month, ranging from studio apartments to townhouses, with the option of rent to own being very rare - many properties have been in the same family for decades.
Local Restaurants While there's a strong German and Polish representation, recent times have seen a development in international cuisine. Nawab Indian Restaurant fulfills all the samosa and curry needs of the area, while Thai Thai II provides the more coastal curries. Even some of the more obscure cuisines are represented, with Alando having a solid menu of African foods. Japanese and Chinese places are also present, as well as the Bethlehem Brew Works, a craft brewery that turns out great beers and great bar food to boot.
Local Sports Bethlehem itself doesn't play host to any professional teams, but has plenty close by, as well as a number of collegiate, semi-professional, and amateur club teams. The Lehigh Valley Iron Pigs, the AAA associate of the Philadelphia Phillies, play their games a mere fifteen minutes outside of the city. The Lehigh Valley Steelhawks and the Lehigh Valley Storm, two semi-professional football teams, play in the city, with the Steelhawks playing in the Stabler Arena. Stabler is also the home for Lehigh University basketball, who memorably knocked Duke out of the Final Four in recent years.
Bethlehem NeighborhoodsCenter City: Bounded by the Monocacy Creek to the west, with Hanover and Bethlehem Townships to the north, this neighborhood is home to many of the small, home-grown restaurants and shops. Moravian College also sits right in Center City, and has plenty of spots for college kids to spend their time, and money.