Rent to own Homes in Milford, MA
Sitting in the pastoral countryside an hour west of Boston along Interstate 495, Milford is a pleasant little town in a convenient location. It is a historic town that can trace its settlement back to 1662, but it doesn't dwell in the past. The area has long been known as the home of Milford granite, a pink stone that has been used in buildings, memorials, and monuments country wide.
Milford, MA is a great place for affordable rent-to-own homes! With a median household income of over $83,233 and a median rent of $1,286, the Milford, MA 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 Milford, MA. 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 Milford, MA Property Resources
Rent to own Homes in Cities Near Milford, MA
- Andover
- Arlington
- Attleboro
- Avon
- Ayer
- Bedford
- Belmont
- Bolton
- Boxborough
- Braintree
- Braintree Town
- Brockton
- Burlington
- Carlisle
- Chelsea
- Everett
- Foxborough
- Holbrook
- Hudson
- Lancaster
- Lawrence
- Lincoln
- Lynn
- Lynnfield
- Malden
- Maynard
- Medford
- Melrose
- Methuen Town
- Middleton
- North Chelmsford
- North Reading
- Peabody
- Pelham
- Randolph
- Reading
- Revere
- Saugus
- Sharon
- Somerville
- South Boston
- Stoneham
- Tewksbury
- Tyngsboro
- Wakefield
- West Concord
- Westford
- Wilmington
- Winchester
- Woburn
Neighborhoods in Milford, MA
Milford rent to own homesPopular Zip Codes in Milford, MA
01757 rent to own homesBuying a Home in Milford, MA
Milford, MA is seeing rapid growth and Milford, MA's' housing market remains not optimal with an average home price that is 49% above the 2024 national average. Milford, MA is part of Worcester 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 Worcester is 1.1% which is above the national average, which is 0.99%.
Median Home Price in Milford, MA
Median Rent in Milford, MA
Top 5 Reasons to Live in Milford, Massachusetts
No worries if you don't feel like cooking! Milford is home to many diverse restaurants and eateries. Wanokura provides some good sushi, while Prezo has a fine craft beer selection to match its Italian dishes. One thing you absolutely have to do to be a true Milfordian is to grab a Porketta from Gene's.
Incredible variety of housing! In Milford, 51 percent of homes are single-family detached houses, while row houses and apartments such as the ones found at Pheasant Run Apartments make up the rest. 41 percent of the housing has one or two bedrooms, 34 percent has three bedrooms, and 23 percent has four or more bedrooms. Modern town homes like those at Birch Hill at Milford are situated close to historic housing; in fact, 30 percent of the housing units in Milford were built prior to 1940.
Plenty of outdoor activities! The multi-use Milford Upper Charles Trail is a great way to bike or walk the region, while there are a number of parks for picnicking, sports, or general relaxation. For hardcore bikers, the nearby MTB Trails at Vietnam provide challenging trails in a protected area.
Easy market to enter! With almost 35 percent of the homes being renter occupied and a vacancy rate that is generally in the range of six percent, there are always places available to rent or rent to own. Best of all, they are affordable, with average rent in the range of $990 per month. Rentals range from apartments at The Groves At Milford to condo town homes at the Village at Leland Standford Farm.
Revitalized downtown! The highly-walkable stretch of Route 16 that runs through town features a variety of stores. You can find everything from fresh ink at Eternal Images to fresh rosca rainha at Padaria Brazil. If you need gifts, try Nathans' Jewelers or the This & That Thrift Shop. Take a load off your feet in the midst of shopping and enjoy a coffee in Draper Memorial Park.