Rent to own Homes in Manchester, CT
Manchester is a township in Hartford County, CT. It is located just across the river from neighboring Hartford and has a population of 30,577. In 1672, it began as a farming community after being settled by colonists. Despite its relatively small size, it is home to four popular museums -- The Lutz Children's Museum, The Old Manchester Museum, The Fire Museum and Cheney Homestead Museum.
Manchester, CT is a great place for affordable rent-to-own homes! With a median household income of over $61,631 and a median rent of $1,147, the Manchester, CT 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 Manchester, CT. 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 Manchester, CT Property Resources
Rent to own Homes in Cities Near Manchester, CT
- Agawam Town
- Amston
- Avon
- Berlin
- Brimfield
- Broad Brook
- Chicopee
- Coventry Lake
- Crystal Lake
- Eastford
- East Granby
- East Haddam
- East Hampton
- East Hartford
- East Windsor
- Ellington
- Feeding Hills
- Glastonbury Center
- Granby
- Hampton
- Hartford
- Hebron
- Holland
- Holyoke
- Lake Pocotopaug
- Longmeadow
- Monson Center
- New Britain
- Newington
- Palmer Town
- Portland
- Rockville
- Simsbury
- South Coventry
- South Glastonbury
- Southwood Acres
- Springfield
- Suffield
- Terramuggus
- Thompsonville
- Weatogue
- Westfield
- West Springfield
- West Suffield
- Wethersfield
- Willington
- Windsor
- Windsor Locks
- Woodstock
- Woodstock Valley
Neighborhoods in Manchester, CT
Bowers rent to own homes Buckley rent to own homes Center rent to own homes East Side rent to own homes Waddell rent to own homes Verplanck rent to own homes West Side rent to own homesPopular Zip Codes in Manchester, CT
No zip codes foundBuying a Home in Manchester, CT
Manchester, CT is seeing rapid growth and Manchester, CT's' housing market remains optimal with an average home price that is -24% below the 2024 national average. Manchester, CT is part of Hartford 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 Hartford is 1.74% which is above the national average, which is 0.99%.
Median Home Price in Manchester, CT
Median Rent in Manchester, CT
Top 3 Reasons to Live in Manchester, CT
Live the outdoor life! Those who want to lead an active life will be happy with what there is to offer in Manchester. With over 250 acres of manicured gardens, picnic areas, woodlands, ponds and sports facilities, Wickham Park is the perfect spot in Manchester to relax during the spring and summer months. Visitors and residents alike enjoy a great view over the nearby Hartford skyline. For those with an active disposition, there are a range of activities that can be enjoyed, including hiking, running and mountain biking. The Manchester Road Race is the second most popular road race in New England. It's the perfect opportunity for residents to raise money for Muscular Dystrophy research while testing their endurance on an over 4.7 miles race each Thanksgiving.
It's a buyer's market! Median real estate prices have fallen over the past year by roughly 4.9%, which represents a decline of around $9,849. For prospective buyers committed to settling in Manchester for a sustained period, it is an ideal long-term investment opportunity. There are early signs that the market is beginning to recover in Manchester, as median sales prices of three-bedroom properties have increased by 2.5% in 2014. This is particularly true among the areas of Central Manchester close to Turnpike Road and in the neighborhood around Main Street, with its recent renaissance of local businesses.
Get more for less! Manchester offers excellent value for the money compared to the rest of Connecticut. The median house prices are 35.1% lower than the state average, but remain roughly in line with the national average. There are a wide variety of single unit, rent to own homes in the Manchester area. The area of north Manchester around the Tolland Turnpike is the most affordable, while the leafy suburb properties close to South Main Street and Spring Street command the highest prices in the city.