Rent to own Homes in Manchester, NH

Manchester is one of the most tax friendly and business friendly cities in the nation. As a result, there is a thriving business and industrial sector that provides residents with well-paying jobs. There are a wide variety of industries in Manchester. The largest are the service and textile sectors, but medical, pharmaceutical, technological and manufacturing sectors are also growing. There are also many small businesses as the state encourages entrepreneurial activity. Autodesk is the biggest employer in Manchester, while Public Service of NH is the second largest. Another large employer in Manchester is the school system with hospitals following closely behind.

Manchester, NH is a great place for affordable rent-to-own homes! With a median household income of over $62,087 and a median rent of $1,160, the Manchester, NH 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 Manchester, NH. 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.