Rent to own Homes in Swampscott, MA
Swampscott is a small town on the North Shore of Boston. Though it was first settled as early as 1629, the town wasn't officially incorporated until 1852. Due to its desirable location on the shores of Massachusetts Bay, Swampscott has been a popular resort town for most of its history. Its quiet, suburban location offers easy access to Boston via highway and light rail, so residents can enjoy the best of small town life only 15 miles away from inner-city businesses and entertainment in Boston.
Swampscott, MA is a great place for affordable rent-to-own homes! With a median household income of over $102,898 and a median rent of $2,027, the Swampscott, 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 Swampscott, 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 Swampscott, MA Property Resources
Rent to own Homes in Cities Near Swampscott, MA
- Abington
- Andover
- Arlington
- Avon
- Bedford
- Belmont
- Beverly
- Boxford
- Braintree Town
- Brockton
- Burlington
- Carlisle
- Chelsea
- Danvers
- 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
- Wilmington
- Winchester
- Woburn
Neighborhoods in Swampscott, MA
Swampscott rent to own homes Frederick Law Olmstead Historic District rent to own homesPopular Zip Codes in Swampscott, MA
01907 rent to own homesBuying a Home in Swampscott, MA
Swampscott, MA is seeing rapid growth and Swampscott, MA's' housing market remains not optimal with an average home price that is 133% above the 2024 national average. Swampscott, 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 Swampscott, MA
Median Rent in Swampscott, MA
Top 5 Reasons to Live in Swampscott, MA
Look for affordable rental properties! The average monthly rent in Swampscott is just $1,550, which is significantly lower than the Boston metro area average of $2,195. Vantage Pointe Apartments offer two-bedroom units in a gated community with many amenities, including a swimming pool, sun deck, and personal gardening space for those with a green thumb. Affordable rent to own options are available in the neighborhood between Paradise Road and Essex Street.
Local restaurants for every craving! If you'd like to have your breakfast right at the beach, look no further than Lincoln's Landing, which serves up huge omelets with delicious home fries. Also near the water is the G Bar and Kitchen, which has a menu of creative starters, like mushroom strudel and crispy wild shrimp.
Home values are on the rise! The median home value in Swampscott is $399,100, up 1.4 percent from last year. The average list price here is $479,000, but the average sales price was much lower at just $411,815, so you should be able to negotiate a good deal. For the most luxurious homes in town, check out Phillips Point. The Beach Bluff area along Atlantic Avenue also offers high end properties for the discerning investor.
Numerous parks for outdoor recreation! Though small, Swampscott prides itself on providing lovely parks for its residents, including Phillips Park and Jackson Park. There are also several public beaches in town. Phillips Beach has a lifeguard on duty during the summer, while Fisherman's Beach offers a boat launch. Preston Beach is also a local favorite.
View all the history Swampscott has to offer! The Swampscott Historical Society operates the John Humphreys House, a first-period home with historically accurate furnishings. Just down the street is the Mary Baker Eddy Historic House, which is open for public tours in the summer. Lovers of landscape architecture will be interested in visiting the Olmsted Subdivision Historic District to see how Frederick Law Olmsted designed a neighborhood with an eye toward livable landscaping.