Rent to own Homes in Stamford, CT
Stamford is the third largest city in Connecticut. Only 30 miles away from New York City, Stamford is considered part of the New York City metropolitan area. The city has a population of only 125,000, but residents have access to everything the big city has to offer. Stamford is home to many large corporations since it is close to New York City. However, many residents live in Stamford and work in NYC. This makes living in Stamford desirable.
Stamford, CT is a great place for affordable rent-to-own homes! With a median household income of over $96,885 and a median rent of $1,877, the Stamford, 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 Stamford, 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 Stamford, CT Property Resources
Rent to own Homes in Cities Near Stamford, 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 Stamford, CT
Glenbrook rent to own homes Springdale rent to own homes Shippan rent to own homes East Side rent to own homes Harbor Point rent to own homes Hillcrest Park rent to own homes Long Ridge rent to own homes Shippan Point rent to own homes The Cove rent to own homes Downtown Stamford Historic District rent to own homesBuying a Home in Stamford, CT
Stamford, CT is seeing rapid growth and Stamford, CT's' housing market remains not optimal with an average home price that is 149% above the 2024 national average. Stamford, 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 Stamford, CT
Median Rent in Stamford, CT
Top Reasons to Live in Stamford CT
Housing Statistics If you are considering a move to Stamford, you definitely should know something about the housing in the area. Buying a home in Stamford will cost you an average of $800,000. The median home sale price is $460,000. The number of homes for sale averaged 281 homes sold per year. That's a 20 percent increase in recent years. On average, there are approximately 700 homes for sale. The range of one-bedroom rental homes is from $200 to $3,500 per month. The majority of the homes sold are single-family homes. Like most cities on the East Coast, space is limited. There are approximately 50,000 housing units in Stamford, including rent to own homes. The number of homes owned is about 19,500. The number of homes for rent is approximately 7,500. The number of vacant homes is less than five percent. The vacancy rate is between two to five percent.
School System Stamford has one of the best educated student rates in the country, with a whopping 9 out of 10 students graduating from college. 46 percent graduate with a Bachelor's degree. Stamford is tied in first place as having the highest number of adults holding a college degree at 44 percent. Stamford has 24 public and 57 private schools. There are approximately 51 preschools, 26 elementary schools, 15 middle schools and 10 high schools. There are two charter schools in the area, and the city has four school districts. College students have access to a wide-range of colleges, including some of the top-rated colleges located in surrounding communities.
Largest Employers and Industries Stamford boasts the second largest financial district within the NYC metropolitan area and the largest financial district outside of the NYC metro area. Stamford is home to several Fortune 500 companies and Fortune 1000 companies. It is also home to many divisions of major companies. With the right profession and education, it shouldn't be difficult to find employment in this city.
Neighborhoods Stamford has a wide variety of neighborhoods. Just like any city, there are some areas to avoid, but there are some wonderful areas located here too.