Rent to own Homes in Somerset, MA
A small town called Somerset in Bristol county with the Taunton river running through it -- it doesn't get more English-sounding than that. Certainly the idyllic riverside life Somerset offers to residents is comparable with its namesake back in the old country. One can just imagine the 18,000 residents regularly sitting down at the river bank to enjoy a sandwich and a nice cup of tea.
Somerset, MA is a great place for affordable rent-to-own homes! With a median household income of over $90,260 and a median rent of $1,130, the Somerset, 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 Somerset, 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 Somerset, MA Property Resources
Rent to own Homes in Cities Near Somerset, MA
- Assonet
- Attleboro
- Attleboro Falls
- Barrington
- Bellingham
- Bristol
- Central Falls
- Chepachet
- Clayville
- Cranston
- Cumberland
- Cumberland Hill
- Dighton
- East Douglas
- East Providence
- Fall River
- Foster Center
- Foxboro
- Foxborough
- Franklin
- Greene
- Greenville
- Harrisville
- Hopedale
- Hopkinton
- Mansfield Center
- Medfield
- Middletown
- Milford
- Millis
- Millis-Clicquot
- Millville
- Norfolk
- North Attleborough Town
- North Westport
- Norton
- Norton Center
- Oakland
- Raynham Center
- Seekonk
- Sharon
- Somerset
- South Walpole
- Stoughton
- Swansea
- Taunton
- Walpole
- Whitinsville
- Woonsocket
- Wrentham
Buying a Home in Somerset, MA
Somerset, MA is seeing rapid growth and Somerset, MA's' housing market remains not optimal with an average home price that is 35% above the 2024 national average. Somerset, MA is part of Bristol 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 Bristol is 0.9% which is below the national average, which is 0.99%.
Median Home Price in Somerset, MA
Median Rent in Somerset, MA
Top 6 reasons to Live in Somerset, MA
On the banks of the Taunton River! The Taunton River is a hidden treasure that hasn't suffered the pollution of other area waterways. Try paddling down the river in a rental canoe from the Ski House, and you will notice some areas that are so undeveloped that they are accessible only to the 154 varieties of birds in the area. Head to the Village Waterfront Park to feed the swans or take a walk along the water.
Enjoy the outdoor life! Camping, canoeing, and skiing are some activities available to residents of Somerset. Those who paddle down the river might also like to take in some fly fishing to try to catch a couple of the 70 species of fish that live here. Other fishing can be done at Broad Cove, Labor in Vain Creek, and Terry Brook Pond, all famous for their yellow perch.
A town of musicians! Somerset is known as a musical town for a good reason: they have some of the best marching bands and orchestras in the country. The annual town festival is a showcase for such famous marching bands as the Berkeley Regional High School Blue Parade marching band. Or, take in a performance by the Allegro Chamber Players to listen to instruments like the flute, violin, and cello.
The best pork pies in the country! Continuing its English theme, Somerset is home to Hartley's Original Pork Pies, the best in the country. County Street is also home to the Somerset Country Store that sells other excellent local products.
Friendly neighborhoods! Somerset has three neighborhoods -- the town center, Pottersville, and Brayton Point -- each with a crime rate well below the national average. The most desirable area is the town center. Close to all the main stores, the average house price is $295,000 and the average rent is $938. The most attractive prices can be found in Brayton Point, where the average rental price is only $655. It is the only place in town where you can find studio and one-bedroom properties. You may also find rent to own homes in this area.
House prices on the rise! In 2014 the median house price in Somerset has risen from $200,000 in 2009 to its current all-time high of $260,000. Look for a killer deal on a great house in a neighborhood like Lees River Ave or Sandy Point Road.