Rent to own Homes in Dunmore, PA
Located in Lackawanna County, Pennsylvania, Dunmore is a borough that provides a home to about 14,057 people (as of November 2010). The borough, nine square miles, was unofficially founded back in 1835, and didn't become officially incorporated until 1862. It was formerly a part of a region called Providence, Pennsylvania. Among the many notable people who have called Dunmore home are Vic Delmore, a baseball umpire, Paul Richards, an astronaut, and Tim Ruddy, a football player.
Dunmore, PA is a great place for affordable rent-to-own homes! With a median household income of over $60,058 and a median rent of $803, the Dunmore, 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 Dunmore, 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.
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Rent to own Homes in Cities Near Dunmore, PA
- Archbald
- Ashley
- Avoca
- Bear Creek Village
- Big Bass Lake
- Blakely
- Browntown
- Carbondale
- Chase
- Chinchilla
- Clarks Green
- Clarks Summit
- Courtdale
- Dallas
- Dalton
- Dickson City
- Dupont
- Eagle Lake
- Edwardsville
- Exeter
- Factoryville
- Forest City
- Forty Fort
- Harford
- Hughestown
- Jackson
- Jermyn
- Jessup
- Laflin
- Long Pond
- Moosic
- Moscow
- Olyphant
- Paupack
- Pittston
- Plains
- Pocono Springs
- Prompton
- Scranton
- Shavertown
- Susquehanna
- Taylor
- The Hideout
- Upper Exeter
- Wallenpaupack Lake Estates
- Waverly
- West Falls
- West Pittston
- West Wyoming
- Yatesville
Neighborhoods in Dunmore, PA
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Dunmore, PA is seeing rapid growth and Dunmore, PA's' housing market remains optimal with an average home price that is -25% below the 2024 national average. Dunmore, PA is part of Lackawanna 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 Lackawanna is 1.43% which is above the national average, which is 0.99%.
Median Home Price in Dunmore, PA
Median Rent in Dunmore, PA
Top 7 Reasons to Live in Dunmore, PA
Homes for sale in Dunmore! The median price of homes for sale here is $145,000 (as of December 2014). That's a little more than the median list price of $143,500 for the area and the median home value of $112,100. The average age of homes in the area is 65 years old. Borough Center and Wheeler Ave / Mill St are two of the highest-rated areas in terms of price and safety.
Low median rent prices! Median price for a rental house or apartment here is $714 (as of December 2014). Average rents here are about 10 percent lower than those in Pennsylvania overall. With almost 45 percent of properties renter occupied, Dunmore is a good place to look for a regular rental or a rent to own home. Wheeler Ave / Mill St offers a selection of houses and smaller apartment buildings, along with rents that average $569 a month. Green Ridge St / Monroe Ave has a similar mixture, with a median rent rate of about $631 per month.
Local places to shop! Nearby Scranton provides plenty of places to shop, but there's no need to go much further than your own neighborhood in Dunmore. There's McCarthy Flowers for picking up flowers, balloons and gifts; Miracle Shopping Center for a variety of stores; and Head to Toe for bridal attire and formal wear.
A selection of grocery stores! This area features a variety of grocery stores, so residents can choose their favorite. Giant, Price Chopper, and Pinebrook Market are among those in the area.
Restaurants that everyone can enjoy! No matter where you live in this community, there are restaurants just a short walk or drive away. Calabria Pizza & Restaurant and Cooper's Seafood House are two local favorites.
Green places to enjoy! Dunmore residents can enjoy Lackawanna County Park and Recreation Department's fitness facilities and parks. When it's time to get out of the house for some fresh air, Lake Malone State Park and McHale Park are two destinations with room to roam.
Get your fix of arts and culture! The Dunmore Historical Society is one place to go when you're looking for arts and entertainment in this community. There's also the Dunmore Heritage Museum and the Dunmore Trolley Museum.