Rent to own Homes in Saugus, MA
Saugus is a town of about 26,000 residents on Boston's North Shore. Saugus has always been an important town in the northeast region of Massachusetts. It was the home of the first ironworks in the country, and produced much of the iron that helped build up the Massachusetts Bay Colony in the 17th century. Later, a turnpike connecting Boston and Newburyport was built through Saugus which became today's Route 1, a major thoroughfare in the region.
Saugus, MA is a great place for affordable rent-to-own homes! With a median household income of over $88,463 and a median rent of $965, the Saugus, 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 Saugus, 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 Saugus, MA Property Resources
Rent to own Homes in Cities Near Saugus, MA
- Abington
- Andover
- Arlington
- Avon
- Bedford
- Belmont
- Beverly
- Boxford
- Braintree Town
- Brockton
- Burlington
- Carlisle
- Chelsea
- East Bridgewater
- East Weymouth
- Everett
- Georgetown
- Hanson
- Hingham
- Holbrook
- Hull
- Lawrence
- Lincoln
- Lynn
- Lynnfield
- Malden
- Marblehead
- Medford
- Melrose
- Methuen Town
- Middleton
- Nahant
- North Reading
- North Scituate
- Peabody
- Reading
- Revere
- Saugus
- Somerville
- Southfield
- Stoneham
- Swampscott
- Tewksbury
- Topsfield
- Wakefield
- West Concord
- Westford
- Wilmington
- Winchester
- Woburn
Neighborhoods in Saugus, MA
North Saugus rent to own homes Pleasant Hills rent to own homes Lynnhurst rent to own homes Cliftondale rent to own homes Downtown Saugus rent to own homes Oakland Vale rent to own homesPopular Zip Codes in Saugus, MA
01906 rent to own homesBuying a Home in Saugus, MA
Saugus, MA is seeing rapid growth and Saugus, MA's' housing market remains not optimal with an average home price that is 99% above the 2024 national average. Saugus, MA is part of Essex 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 Essex is 1% which is above the national average, which is 0.99%.
Median Home Price in Saugus, MA
Median Rent in Saugus, MA
Top 4 Reasons to Live in Saugus, MA
Shop until you drop! The Saugus stretch of modern Route 1 is lined with retail space. Familiar department stores like Target, Macy's, Kohl's and Sears anchor many shopping centers that also hold smaller retail spaces like Vamped Boutique and the Lakeshore Learning Store. Saugus is also home to furniture stores like Ethan Allen and Bernie and Phyl's, making it a mecca for shoppers from all over Essex County.
Rising home values! The average price of a home in Saugus has risen 4.8 percent over the past year and is expected to continue to rise modestly in the coming year. This makes Saugus a great place to invest in real estate, whether you choose newer homes with views of conservation land near the Salem Turnpike or the historic, rent to own houses in the neighborhood around Central Street.
Low rents! While home values are up, rents are down in Saugus. An apartment here costs an average of just $1,899 per month, which is almost 15 percent lower than the average rents in the greater Boston Metro area. For upscale poolside living, try The Residences at Stevens Pond. For a more homey, neighborhood feel, contact a realtor for rental homes near the Lynnhurst School.
Great local restaurants! Fast food chains like Chipotle and Fuddruckers abound, but locals know that the best places are independently owned and operated. For breakfast, the Iron Town Diner serves up the area's best corned beef hash alongside fully stuffed omelets. Santoro's Sub-Villa has been a lunchtime favorite among locals since the 1960s, and many people still make the trek from far and wide to get a bit of the classic Italian submarine sandwiches it's famous for. Most famous of all, though, is Kowloon, the largest Chinese restaurant on the North Shore, which offers a rollicking bar area and weekend comedy shows, as well as a massive scorpion bowl cocktail.