Rent to own Homes in New Haven, IN
Located in Allen County, Indiana, New Haven sits along the northern bank of the Maumee River. The city was first mapped in 1839 and was incorporated as a town in 1865. It remained a town until 1963, when it was officially recognized as a city. Currently, the city occupies a land area of 9.88 square miles. According to the most recent census data, it has a population of 14,794.
New Haven, IN is a great place for affordable rent-to-own homes! With a median household income of over $52,827 and a median rent of $824, the New Haven, IN 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, IN. 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.
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Rent to own Homes in Cities Near New Haven, IN
- Altona
- Angola
- Ashley
- Auburn
- Blakeslee
- Bryan
- Butler
- Cambria
- Camden
- Clear Lake
- Corunna
- Edgerton
- Edon
- Fremont
- Garrett
- Grabill
- Hamilton
- Harlan
- Hicksville
- Holiday City
- Hudson
- Kendallville
- Lake Seneca
- Laotto
- Leo
- Leo-Cedarville
- Mark Center
- Montgomery
- Montpelier
- Nettle Lake
- Orland
- Pioneer
- Pleasant Lake
- Reading
- Spencerville
- St. Joe
- Waterloo
Neighborhoods in New Haven, IN
New Haven rent to own homesPopular Zip Codes in New Haven, IN
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New Haven, IN is seeing rapid growth and New Haven, IN's' housing market remains optimal with an average home price that is -49% below the 2024 national average. New Haven, IN is part of Allen 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 Allen is 0.94% which is below the national average, which is 0.99%.
Median Home Price in New Haven, IN
Median Rent in New Haven, IN
Top 7 Reasons to Live in New Haven, IN
It's a buyer's market! The average price of homes for sale in New Haven is about $94,000. Meadowbrook and the adjacent Sunnymede Woods neighborhood offer some of the most affordable homes. If you prefer to save a bit initially, you may look at rent to own houses instead.
Rentals are also great! Like home prices, the average rent in the area is very reasonable at about $680 per month. Residents can find rates even lower than this average if they are looking for smaller units at places like the Port O'Call complex. Alternatively, Cameron Court Apartments offers some beautiful units for rent.
Get some fresh air! New Haven offers residents some beautiful parks to explore. Canal Landing includes a flower garden, gazebo, and benches to sit and relax. Jury Park is a local favorite because it includes a pool, among other amenities. Moser Park is another great place to explore, offering nature trails, ball courts, and pavilions.
Eat the local food! Salvatori's Authentic Italian Eatery offers authentic and delicious food at a great place and with an inviting atmosphere. If you're looking for a good deli, the Broadway Deli faces little local competition and offers delicious sandwiches.
Enjoy the nightlife! If you're looking for nighttime outings, Rack and Helen's Bar features a sports bar atmosphere with karaoke available on certain nights. Jilli's Pub is another local spot to check out for drinks.
Pamper yourself! For those looking for a good salon or nail place, the Catalaya Salon and Spa is the first place to go. Afterwards, you might want to try the tanning beds at the Duce Hair Designing Team.
Stay healthy and fit! Though there are traditional gyms, many locals prefer to check out one of the martial arts studio, such as White Tiger Martial Arts or the New Haven Martial Arts Arcade.