Rent to own Homes in New Haven, CT
The second-largest city in Connecticut, New Haven offers the sophistication of nearby cities Boston and New York combined with distinctive New England charm. Nicknamed "the Elm City" by the author Charles Dickens, this thriving city is home to Yale University. New Haven is immensely walkable, with plenty of of popular places to dine, shop and play thanks to award-winning restaurants, eclectic shopping opportunities, and a great arts and culture scene.
New Haven, CT is a great place for affordable rent-to-own homes! With a median household income of over $44,507 and a median rent of $1,219, the New Haven, 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 New Haven, 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 New Haven, CT Property Resources
Rent to own Homes in Cities Near New Haven, CT
- Beacon Falls
- Botsford
- Branford Center
- Bridgeport
- Cheshire Village
- Cromwell
- Daniels Farm
- Durham
- Easton
- Fairfield
- Guilford Center
- Hamden
- Heritage Village
- Lordship
- Madison
- Madison Center
- Middlebury
- Middletown
- Milford city
- Monroe
- Murray
- Naugatuck
- New Britain
- New Haven
- Newington
- Newtown
- North Haven
- Orange
- Oronoque
- Oxford
- Plainville
- Plantsville
- Plattsville
- Sacred Heart University
- Sandy Hook
- Southington
- Stepney
- Stratford
- Stratford Downtown
- Terryville
- Thomaston
- Trumbull
- Wallingford Center
- Waterbury
- Watertown
- West Haven
- Woodbridge
- Woodbury
- Woodbury Center
- Woodmont
Neighborhoods in New Haven, CT
Annex rent to own homes Amity rent to own homes Beaver Hills rent to own homes Dixwell rent to own homes Downtown rent to own homes Dwight rent to own homes East Rock rent to own homes East Shore rent to own homes Edgewood rent to own homes Fair Haven rent to own homesPopular Zip Codes in New Haven, CT
06520 rent to own homes 06510 rent to own homes 06519 rent to own homes 06511 rent to own homes 06515 rent to own homesBuying a Home in New Haven, CT
New Haven, CT is seeing rapid growth and New Haven, CT's' housing market remains optimal with an average home price that is -6% below the 2024 national average. New Haven, 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 New Haven, CT
Median Rent in New Haven, CT
Top Reasons to Live in New Haven CT
Housing Statistics Despite the national housing market downturn, New Haven has continued to experience a consistently high demand. New Haven has historically maintained one of the country's most stable residential rental markets, including both apartments and homes for rent. Vacancy rates hover right around two percent; in 2012, in fact, New Haven reported the country's lowest vacancy rate at one point in time -- 2.1 percent. New Haven's most recent median home sales price reported was $160,000 with an average per square foot price of $149. As of August 24, 2013, there are currently 491 resale and new homes for sale; additionally, there are just over 200 New Haven homes currently in some part of the foreclosure process. The average list price is $237,926. If buying outright is out of your budget in New Haven, rent to own homes are a viable option in this thriving market.
Tourist Attractions A visit to New Haven is hardly complete without visiting Yale University. Founded over 300 years ago, Yale's esteemed alumni include four of the last six American Presidents, and countless other senior government officials and captains of industry. Stop by the Visitor's Center for information and take a free tour guided by a Yale student to learn more about this legendary institution. While at Yale, don't miss a stop at the Yale University Art Museum. Admission is free, and the museum features pieces from Hopper, Degas, Miro, Manet, Rothko, Lichtenstein, Gaugin and many others -- including van Gogh's famous "The Night Cafe." When you have wrapped up your visit, head downtown to Chapel Street in the heart of New Haven. This large town green features eclectic shops, trending clothing stores, art galleries, bookstores and coffee shops. Other popular New Haven destinations include the Grove Street Cemetery, Little Italy, the Shubert Theater, the Connecticut Children's Museum, and the Carousel at Lighthouse Point Park. Arts enthusiasts will find it hard to beat New Haven's dynamic theater scene, which includes the Shubert, which will celebrate its 100th birthday in 2014, as well as other major players: the Long Wharf Theatre, the International Festival of Arts & Ideas, and the Yale Repertory Theatre.
Nightlife New Haven is a college town, and there's no shortage of nightlife for those inclined. From sports bars to dance clubs, there's always something happening. Local favorites include Gotham Citi Cafe for dancing, Toad's Place for live music and The Wicked Wolf for an old time-y Irish Pub. Right next door to The Wicked Wolf is the Black Bear Saloon, a popular sports bar. When all the others close down for the night, head to Oz After Hours Club to keep the party going.
Neighborhood Guide New Haven is home to approximately 40 distinctive neighborhoods with strong communities and even stronger personalities. Many of these neighborhoods are pedestrian-friendly, thanks to the city's relatively small size. A few neighborhood are described here: