Rent to own Homes in Meriden, CT
Meriden, Connecticut, located in New Haven County, is a town of more than 60,000 people. Originally part of the city of Wallingford, it separated in 1727 and was named after a city in England. The city's long heritage makes it the ideal place to visit whether you want to learn about colonial times or just explore the beautiful outdoors. Today, finding rent to own properties in the region is possible, and there are plenty of reasons to do so.
Meriden, CT is a great place for affordable rent-to-own homes! With a median household income of over $58,472 and a median rent of $1,041, the Meriden, 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 Meriden, 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 Meriden, CT Property Resources
Rent to own Homes in Cities Near Meriden, CT
- Agawam Town
- Andover
- Blue Hills
- Canton
- Cheshire
- Cheshire Village
- Collinsville
- Coventry
- Cromwell
- Durham
- East Berlin
- East Hartland
- Enfield
- Farmington
- Glastonbury
- Hamden
- Hazardville
- Lake Pocotopaug
- Manchester
- Marlborough
- Meriden
- Middletown
- Naugatuck
- New Hartford
- New Hartford Center
- Northfield
- North Haven
- Northwest Harwinton
- Oakville
- Portland
- Prospect
- Rockfall
- Rocky Hill
- Salmon Brook
- Sherwood Manor
- Simsbury Center
- Southwick
- South Windsor
- Suffield Depot
- Tariffville
- Terramuggus
- Terryville
- Vernon Rockville
- Wallingford Center
- West Granby
- West Hartford
- West Hartland
- West Simsbury
- West Springfield
- Winsted
Buying a Home in Meriden, CT
Meriden, CT is seeing rapid growth and Meriden, CT's' housing market remains optimal with an average home price that is -21% below the 2024 national average. Meriden, CT is part of New Haven 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 New Haven is 1.69% which is above the national average, which is 0.99%.
Median Home Price in Meriden, CT
Median Rent in Meriden, CT
Top Reasons to Live in Meriden, CT
Housing Statistics As you consider the rent to own houses in Meriden, it is worthwhile to consider the actual housing statistics for this area. First, consider the statistics on houses for sale here. The average listing price at of the beginning of August 2013 was $172,022. The median sale price for homes is $146,500 for the second quarter of 2013. Also in the second quarter, 117 homes sold in Meriden. For those more interested in renting, rental properties are also available. The annual residential turnover for the city is 11 percent. The median years in residence is four years.
Local Shopping Small shops and commercial establishments are located throughout the city. Check out The Meat Shop for all your butcher-related needs, and Michael's Arts & Crafts if you need help on a project you've been putting off for too long. The largest shopping option is Westfield Meriden, a shopping mall located in the heart of the city. Gift shops, grocery stories and drugstores are abundant throughout the region, especially on East Street, Westfield Street and Lewis Avenue.
Transportation and Commutes The city is near New Haven, Springfield and Hartford, all larger cities with abundant job opportunities, meaning that commuting is an option. To get to these cities, individuals can use Interstate 91 or Interstate 691, as it connects to Interstate 84, which allows for commutes to Waterbury. To get to Wallingford, drivers can easily commute on the Wilbur Cross Parkway. Bus transportation is available in Meriden, as well, which connects the city to Hartford, New Britain, Waterbury, and Middletown.
Largest Employers and Industries Though many of the city's residents work in one of the larger cities nearby, it is also possible to find jobs in town. Its largest employers include MidState Medical Center, the Meriden school system, and various retail positions located in the downtown area. Additionally, HiNT Peripherals, NCMI, and Aeroswiss also employ many residents.
Local Events and Festivals The Meriden Daffodil Festival is an annual event that has been ongoing for more than 35 years and takes place every April. There's a craft fair, with over 100 different artisans setting up during the two-day event, as well as a parade through town. There's even a Little Miss Daffodil and her Honor Escort, both of whom are selected from local elementary schools. Labeled "New England's Most Beautiful Craft Fair," the Daffodil Festival is not something you'll want to miss. It's truly a sign that spring has begun in Meriden.