Rent to own Homes in Naugatuck, CT
Since its inception, the town of Naugatuck in south-central Connecticut has housed farms, mills and even the Peter Paul candy factory, the Hershey's chocolate outpost that produced Almond Joy and Mounds. Manufacturing and rubber plants, which produced Uniroyal tires and Keds sneakers, were also staples of the community whose industrial side has been featured in films such as Engine Trouble and War of the Worlds.
Naugatuck, CT is a great place for affordable rent-to-own homes! With a median household income of over $77,967 and a median rent of $1,099, the Naugatuck, 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 Naugatuck, 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 Naugatuck, CT Property Resources
Rent to own Homes in Cities Near Naugatuck, CT
- Avon
- Bantam
- Beacon Falls
- Bethel
- Branford Center
- Bridgewater
- Canton Valley
- Cheshire Village
- Collinsville
- Cromwell
- Danbury
- Daniels Farm
- Durham
- Hamden
- Heritage Village
- Litchfield
- Lordship
- Middletown
- Monroe
- Murray
- Naugatuck
- New Britain
- New Hartford
- New Haven
- Newington
- New Preston
- Newtown
- North Haven
- Northwest Harwinton
- Oxford
- Plainville
- Plantsville
- Plattsville
- Sacred Heart University
- Sandy Hook
- Southington
- Stratford
- Stratford Downtown
- Terryville
- Thomaston
- Torrington
- Trumbull
- Wallingford Center
- Waterbury
- Watertown
- West Haven
- Woodbridge
- Woodbury
- Woodbury Center
- Woodmont
Neighborhoods in Naugatuck, CT
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06770 rent to own homesBuying a Home in Naugatuck, CT
Naugatuck, CT is seeing rapid growth and Naugatuck, CT's' housing market remains optimal with an average home price that is -14% below the 2024 national average. Naugatuck, 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 Naugatuck, CT
Median Rent in Naugatuck, CT
Top 6 Reasons to Live in Naugatuck, CT
Outdoor adventure awaits! Solace is afforded to locals at numerous city parks that include Hop Brook Lane where residents can kayak, canoe, fish and enjoy the scenery. At Naugatuck State Forest, locals spend afternoons hiking, biking, climbing and snowmobiling by nearby ponds and colonial-era stone walls.
Hunt for ghosts! This old town is made up of historic and fabled landmarks. Take a camera and head to Gunntown Cemetery, where it's rumored that spirits show up as orbs on film and children's laughter invades and vanishes upon approaching certain grave sites. If you need professional services to lend a hand in your quest, contact Paranormal Ghost Hunters, Inc. and share your sneaking suspicions about those bumps in the night.
Affordable housing options! Look to neighborhoods of Union City or Platts Mills for reasonably priced rent to own homes. The average median cost of houses here is $175,672, which is less expensive than 46.8 percent of the homes nationwide. Living in this community will place you within range of the Hop Brook golf course as well as Highway 8 and Union City Road.
Historic buildings are plentiful! Those interested in rent to own properties with charm and a story to match can find what they seek in the Millville area, where many homes were built before 1939. The Naugatuck Center Historic District is just blocks from the river and includes facades that add to the allure of the community. Landmarks include St. Michael's Episcopal Church, The Naugatuck Savings Bank and the gorgeous Bronson B. Tuttle House.
Jumpstart your day with a great meal! Breakfast is the most important meal of the day and in town you'll find diners dedicated to serving it up warm and delicious. Head to Burnsies, where locals order an omelet and fresh-brewed coffee, or stop by The FMD and CC for a quick sausage, egg and cheese biscuit when you need a quick sandwich before work.
Imbibe at a local pub! When in need of a swig, residents flock to Angels and Kings to enjoy a drink and some live music or to the Corner Tavern, which serves craft brew by the pint or flight.