Rent to own Homes in Norwalk, CT
Norwalk, Connecticut, is located in Fairfield County in the southwestern part of the state. As of 2010, Norwalk was home to 85,603 people, as reported by the U.S. Census. It's an excellent location for employment since it houses numerous large companies, including the Xerox's headquarters and Pepperidge Farms. Plus, two mountain ranges run through the county and two rivers are close by, meaning outdoor adventures are never far away.
Norwalk, CT is a great place for affordable rent-to-own homes! With a median household income of over $89,486 and a median rent of $1,691, the Norwalk, 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 Norwalk, 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 Norwalk, CT Property Resources
Rent to own Homes in Cities Near Norwalk, CT
- Amawalk
- Armonk
- Asharoken
- Ball Pond
- Bedford
- Bedford Hills
- Brewster
- Brewster Hill
- Bridgewater
- Cannondale
- Chappaqua
- Compo
- Cortlandt Manor
- Cos Cob
- Daniels Farm
- Darien Downtown
- Fairfield University
- Golden's Bridge
- Granite Springs
- Greens Farms
- Hawthorne
- Heritage Hills
- Jefferson Valley
- Jefferson Valley-Yorktown
- Katonah
- Lake Carmel
- Lincolndale
- Lloyd Harbor
- Mill Plain
- Mount Kisco
- Murray
- Noroton
- Norwalk
- Oxford
- Peach Lake
- Plattsville
- Pleasantville
- Putnam Valley
- Rock Ridge
- Sacred Heart University
- Sandy Hook
- Shorehaven
- South Wilton
- Stratford Downtown
- Thornwood
- West Harrison
- West Mountain
- Westport Village
- Wilton
- Yorktown Heights
Neighborhoods in Norwalk, CT
Central Norwalk rent to own homes Harborview rent to own homes Broad River rent to own homes Woodward Avenue rent to own homes Wilton Avenue rent to own homes Norwalk Green Historic District rent to own homes Wilson Point rent to own homes Springhil rent to own homes West Main rent to own homes Tracy Area rent to own homesBuying a Home in Norwalk, CT
Norwalk, CT is seeing rapid growth and Norwalk, CT's' housing market remains not optimal with an average home price that is 102% above the 2024 national average. Norwalk, CT is part of Fairfield 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 Fairfield is 1.3% which is above the national average, which is 0.99%.
Median Home Price in Norwalk, CT
Median Rent in Norwalk, CT
Top Reasons to Live in Norwalk CT
Housing Statistics Between May and July 2013, the median sales price for homes in this city was $387,500, which is an increase of 9.3 percent compared to the prior year. The average listing price for a home in Norwalk is $698,230, which is a 2 percent decrease from the previous year. The annual turnover rate in this particular Connecticut city is 14.53 percent. The percentage of people who rent their homes in this east-coat area is 38.2, while 61.8 percent own their homes. The median age for this region is 39.2 years old.
Transportation There are plenty of ways to get around Norwalk, whether you live there or you're just visiting. In Norwalk, you can opt to take the Connecticut Avenue Evening Shuttle. This particular shuttle takes you through entertainment and shopping areas and only costs $1.25 to ride. Another bus is Coastal Link. It rides passengers both day and night, every day of the week. It only costs $1 per ride, and it travels through places like Bridgeport, Fairfield and Westport. Dispatch-a-Ride supplies a door-to-door transportation for disabled individuals at a rate of $2.60 per ride or 10 rides for $23.40. If you're disabled you could also opt for Easy Access, Town-to-Town, Westport Commuters Service or Fish of Norwalk. South Norwalk Rail Station is a train that offers rides out of the city of Norwalk.
The Outdoors In Norwalk, there are three beaches: Old Mill, Compo and Burying Hill. With so many choices, it's easy to enjoy volleyball, laying out in the sun and various water sports. The city is also home to numerous parks where you can enjoy activities like walking, jogging, tennis, basketball, and playing with your children.
Neighborhoods There are a few neighborhoods throughout Norwalk, with the major ones being as follows: