Rent to own Homes in Biddeford, ME
The largest city in York County, Maine, Biddeford was home to 21,227 residents as of the 2010 census. Biddeford is also one of the oldest European settlements in the country. Biddeford was incorporated as a city in 1855 and served as a station on the Underground Railroad. Divided fairly equally between landmass and water, Biddeford is approximately 59 square miles in size.
Biddeford, ME is a great place for affordable rent-to-own homes! With a median household income of over $54,915 and a median rent of $980, the Biddeford, ME 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 Biddeford, ME. 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 Biddeford, ME Property Resources
Rent to own Homes in Cities Near Biddeford, ME
- Amesbury Town
- Atkinson
- Barrington
- Berwick
- Boxford
- Byfield
- Candia
- Danville
- Deerfield
- Derry
- East Hampstead
- East Kingston
- Epping
- Exeter
- Fremont
- Georgetown
- Groveland
- Hampton
- Hampton Beach
- Hampton Falls
- Haverhill
- Ipswich
- Kingston
- Kittery Point
- Lawrence
- Merrimac
- Methuen
- Methuen Town
- Newbury
- Newburyport
- Newfields
- Newmarket
- North Andover
- North Berwick
- Plaistow
- Raymond
- Rochester
- Rowley
- Rye
- Salisbury
- Seabrook Beach
- Somersworth
- South Berwick
- South Hamilton
- Strafford
- Topsfield
- West Newbury
- West Nottingham
- Windham
- York Harbor
Neighborhoods in Biddeford, ME
Pepperell Mill Campus rent to own homes Biddeford Downtown Mill District rent to own homesBuying a Home in Biddeford, ME
Biddeford, ME is seeing rapid growth and Biddeford, ME's' housing market remains not optimal with an average home price that is 20% above the 2024 national average. Biddeford, ME is part of York 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 York is 1.05% which is above the national average, which is 0.99%.
Median Home Price in Biddeford, ME
Median Rent in Biddeford, ME
Top 5 Reasons to Live in Biddeford, ME
Get into the community spirit! Though it is a large city, downtown Biddeford -- also known as the Heart of Biddeford -- is a close-knit community that has a great deal of spirit. Take in a show at the local Biddeford City Theater and participate in the Biddeford ArtWalk, an event that takes place on the last Friday in every month.
Experience Biddeford's rich history! Biddeford has strong ties to its Franco-American heritage and is home to the La Kermesse Franco-Americaine Festival each year. The festival features fun, food and fireworks for residents. The Biddeford Historical Society, housed in the MacArthur Library on Main Street, provides residents with tangible artifacts and documents that help to preserve and share memories of early Biddeford.
Many types of housing to choose from! Because Biddeford is evenly split between those who rent and those who own, there are lots of housing options. From rent to own homes to apartment dwellings, Biddeford has it all. Those looking for a unique apartment experience might try the Pepperell Mill Campus. This is a converted mill space that has been redesigned to hold apartments, retail stores and office spaces. Those looking for a more traditional experience should look into Riverbend Estates, which is located close to several public parks.
Relax and enjoy the bountiful waterfront! Considered a nautical area, Biddeford has a beautiful and spacious waterfront. At the southern tip of Biddeford, Timber Island offers stunning views of Goosefare Bay. Visit Fortune's Rocks Beach to view the surf and feel the water. Biddeford is also home to the Rachel Carson National Wildlife Refuge, which features tidal salt marshes and a large population of migratory birds, including the endangered piping plover.
Enjoy historic architecture! Because Biddeford is one of the oldest cities in Maine, it boasts a large collection of pre-World War II homes. In fact, 45 percent of Biddeford homes were constructed before 1939. This makes this city a great place to look for historic properties. For a house with fabulous coastal views, try the resort community of Granite Point. For proximity to local shops and restaurants, like the Palace Diner and the Banded Horn Brewing Company, look for property in the City Center neighborhood.