Rent to own Homes in Brunswick, ME
Brunswick, Maine, is a town of about 20,000 people located less than an hour north of Portland. It is a coastal community located at the mouth of the Androscoggin River and is the gateway to what is known as thriving Mid-Coast Maine. It is also the home of Bowdoin College. Brunswick is a former timber and shipbuilding town, and was once home to a now-decommissioned naval air station that is destined to become a major business and transportation hub.
Brunswick, ME is a great place for affordable rent-to-own homes! With a median household income of over $63,458 and a median rent of $1,031, the Brunswick, 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 Brunswick, 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 Brunswick, ME Property Resources
Rent to own Homes in Cities Near Brunswick, ME
- Alna
- Bailey Island
- Bath
- Boothbay
- Boothbay Harbor
- Bowdoin
- Bowdoinham
- Bremen
- Bristol
- Brunswick
- Brunswick Station
- Chamberlain
- Cushing
- Damariscotta
- Dresden
- East Boothbay
- Edgecomb
- Friendship
- Gardiner
- Georgetown
- Harpswell
- Jefferson
- Newcastle
- New Harbor
- Nobleboro
- Orrs Island
- Pemaquid
- Phippsburg
- Richmond
- Round Pond
- South Bristol
- Southport
- Tenants Harbor
- Topsham
- Trevett
- Waldoboro
- Walpole
- Whitefield
- Wiscasset
- Woolwich
Neighborhoods in Brunswick, ME
No neighborhoods foundPopular Zip Codes in Brunswick, ME
04011 rent to own homesBuying a Home in Brunswick, ME
Brunswick, ME is seeing rapid growth and Brunswick, ME's' housing market remains not optimal with an average home price that is 9% above the 2024 national average. Brunswick, ME is part of Cumberland 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 Cumberland is 1.2% which is above the national average, which is 0.99%.
Median Home Price in Brunswick, ME
Median Rent in Brunswick, ME
4 Top Reasons to Move to Brunswick, ME
A city full of History! There are sea captain's mansions, architecturally important homes, and homes that can claim famous residents, even ghosts! Harriet Beecher Stowe wrote Uncle Tom's Cabin while her husband was a Bowdoin College professor. If you like music, there are free noon concerts every Wednesday at the Unitarian-Universalist Center, and Bowdoin's International Music Festival brings artists, students, and instructors together for six weeks every summer.
A Mix of Housing: Brunswick has a variety of housing options, including large brick multi-story homes on tree-lined streets, and there are a few modern studios and lofts in converted mills and commercial buildings. In the downtown area, there are ground-floor retail spaces and coffee shops, with studio apartments located upstairs. Much of the central area is within walking or biking distance of campus. As in most college towns, pizza and burger places abound, but The Great Impasta is a favorite of students and residents from miles around, and Bryne's Irish Pub is a popular watering hole.
Gateway to Mid-Coast: Amtrak's Downeaster runs from Boston to Brunswick. Destinations further up the coast are easily reached from Brunswick, and even Augusta, Maine's capital, is only a short drive away. Life here revolves around nature, the sea, and the river. Residents get out on trails and nature paths at every opportunity, and ecology is very important. Art is also important to locals -- see art based on local surroundings at Summer Island Studio, and celebrate local crafts at a number of shows each year.
Four Distinct Neighborhoods: About 56% of the homes in Brunswick are occupied by owners, with 33% leased; during the last year, almost 11% of homes were unoccupied. Finding a rent-to-own house may not be difficult, but narrowing your search may take some time. Cook's Corner is a newer area with reasonable prices, but it is also located further from the water, and is quite a distance from downtown. As might be expected, rental homes on the water or with saltwater views tend to command higher prices.