Rent to own Homes in Saco, ME
Saco, situated along the rugged coast of southern Maine, has grown from its humble beginnings as a 19th century mill town. During the early 20th century, Saco and its sister city, Biddeford, became one of Maine's major textile manufacturing hubs. Residential development, tourism and retail economy have flourished in Saco since World War II. Over 100 new residential structures are completed each year, creating a variety of options for renters and homeowners, including apartment rentals, single family homes and rent to own properties.
Saco, ME is a great place for affordable rent-to-own homes! With a median household income of over $71,755 and a median rent of $1,187, the Saco, 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 Saco, 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 Saco, ME Property Resources
Rent to own Homes in Cities Near Saco, 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 Saco, ME
Downtown Saco rent to own homesPopular Zip Codes in Saco, ME
04072 rent to own homesBuying a Home in Saco, ME
Saco, ME is seeing rapid growth and Saco, ME's' housing market remains not optimal with an average home price that is 26% above the 2024 national average. Saco, 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 Saco, ME
Median Rent in Saco, ME
Top 6 Reasons to Live in Saco, ME
Growing Economy for Residents! Since 2000, Saco's population has grown over 10 percent as more people discover the benefits of living in this friendly coastal town located off Exit 36 of I-95. Rising home values and job growth are just two reasons why newcomers decide to call Saco home.The Annual Business & Employment Expo presented by the Biddeford-Saco Chamber of Commerce provides job leads to residents.
Homes Available! Find a multi-bedroom home in Saco for a great value. The majority of dwellings are single family homes, built in the late 20th century. You'll find property and space west of the Maine Turnpike and near the Saco River.
Desirable Community for History Buffs! History buffs have no problem finding educational activities in and around Saco. Museums like the Dyer Library/Museum of Saco and the Biddeford Mills Museum celebrate the rich history of this beautiful coastal community.
Nature lover's paradise! There's no shortage of things to do in the great outdoors in Saco. The Ferry Beach State Park, along with the Saco River and Camp Ellis, offer plenty of fun on the water with scenic canoeing, fishing and kayaking. In addition, the Saco Bay Trails and the Saco Heath Nature Conservancy provide miles of excellent hiking trails.
Strong public transportation network! Residents enjoy the convenience of living within easy access to the rest of the world. Amtrak Downeaster Service between Portland and Boston stops in the town, plus Saco is only a quick 14-mile jaunt to the Portland International Jetport in South Portland. "You can't get there from here," is an old saw that certainly doesn't apply to Saco.
Historic Preservation of Properties -- like yours! Saco's Historic Preservation Commission has been committed to preserving the architecture of privately owned properties throughout the city since 1990, including the Hobson House and the Bowers Mansion Inn on Main Street. Saco property owners can apply for funding to help with restoration efforts of their historic homes.