Rent to own Homes in Rochester, NH
Originally inhabited by the Pennacook tribe, Rochester was incorporated in 1722 and named for the Earl of Rochester. Located in the Southeast corner of New Hampshire in Strafford County, Rochester has an abundance of historical buildings like the City Hall, Rochester Library and the Opera House. With a population of just under 30,000 people as of the 2010 census, the town is a great place for outdoors lovers and has easy access to the rest of New England.
Rochester, NH is a great place for affordable rent-to-own homes! With a median household income of over $66,831 and a median rent of $1,071, the Rochester, 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 Rochester, 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.
More Rochester, NH Property Resources
Rent to own Homes in Cities Near Rochester, NH
- 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 Rochester, NH
No neighborhoods foundPopular Zip Codes in Rochester, NH
03868 rent to own homes 03839 rent to own homes 03867 rent to own homesBuying a Home in Rochester, NH
Rochester, NH is seeing rapid growth and Rochester, NH's' housing market remains optimal with an average home price that is -14% below the 2024 national average. Rochester, NH is part of Strafford 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 Strafford is 1.89% which is above the national average, which is 0.99%.
Median Home Price in Rochester, NH
Median Rent in Rochester, NH
Top 4 Reasons to Live in Rochester
A balance of nature and the city! Water tributaries surround the 45.8-square mile city, including Cocheco River, Salmon Falls River, as well as several lakes and beaches. This placid environment is balanced by a thriving downtown with big retailers like Cardinal's Plaza and Lilac Mall. Rochester prides itself with a long tradition of shoe-making, pushing New Hampshire to be the third largest shoe-producing state in the U.S.
A diversity of housing choices! The expansion of housing development is one of Rochester's four priority projects, with 1,500 additional housing units completed in 2010. Rochester supports multi-housing developments with diverse types of accommodations as a way to encourage development. As a result, homes for sale or for rent have been easier to find in recent years. Stand-alone homes can be found in the neighborhoods of East Rochester and Gonic. For apartments or condominiums, search the areas around North Main Street near Club Victoire, Wakefield Street near Rochester City Hall and Allen Street.
Brush up on culture and heritage! Rochester is home to the finest cultural structures in New Hampshire. Check out the Grand Opera House on Wakefield Street, designed by innovative architect George Adams. The structure awed spectators when it opened in 1908 with movable floors that can incline or level horizontally depending on the performance. This is the only surviving movable floor theater in the U.S. today. Don't skip the Georgian revival style Rochester Public Library on 2nd Street SE, a grand brick and granite structure with cypress and golden oak wood for its interiors. It opened in 1905 and continues to be a beacon of wisdom in New Hampshire.
Enjoy lower rental fees! Rochester's vigilance in fair real estate market valuation helps keep the average monthly rental rate of $800 consistent. While the housing profile is still predominantly owner-occupied at 65%, this is beginning to change with new rental buildings pushing down rental rates. Best places to search for rental homes, including rent to own houses, are in McDuffee Street, Old Dover Road and Nottingham Lane. Meaderboro Corner, along the transport hub of Spaulding Turnpike, is known for its numerous townhouses, condominiums and apartments for rent.