Rent to own Homes in Highland Park, NJ
Situated in Northeastern New Jersey, the borough of Highland Park was once home to Lenape Indian tribes who foraged the banks of the Raritan River for food. Early European settlers included inn keeper Henry Greenland as well as Captain Francis Drake. The town's educated alums went on to become physicists, biologists, mathematicians, and inventors, like Earle Dickson, who created the ever important Band-Aid right here in town.
Highland Park, NJ is a great place for affordable rent-to-own homes! With a median household income of over $83,980 and a median rent of $1,465, the Highland Park, NJ 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 Highland Park, NJ. 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 Highland Park, NJ Property Resources
Rent to own Homes in Cities Near Highland Park, NJ
- Allentown
- Avenel
- Bradley Gardens
- Clearbrook Park
- Clyde
- Colonia
- Connecticut Farms
- Cream Ridge
- Deans
- Dunellen
- East Rocky Hill
- Elizabeth
- Finderne
- Garwood
- Hightstown
- Jamesburg
- Kenilworth
- Kingston
- Linden
- Llewellyn Park
- Madison
- Madison Park
- Martinsville
- Matawan
- Metuchen
- Middlesex
- Millstone Township
- Milltown
- Monmouth Junction
- New Brunswick
- North Plainfield
- Old Bridge
- Pennington
- Plainsboro Center
- Princeton Junction
- Rahway
- Raritan
- Robbinsville Center
- Roselle
- Sewaren
- Six Mile Run
- Somerville
- South Plainfield
- South River
- Springfield
- The Hills
- Watchung
- White House Station
- Yardville
- Zarephath
Neighborhoods in Highland Park, NJ
Highland Park rent to own homesPopular Zip Codes in Highland Park, NJ
08904 rent to own homesBuying a Home in Highland Park, NJ
Highland Park, NJ is seeing rapid growth and Highland Park, NJ's' housing market remains not optimal with an average home price that is 68% above the 2024 national average. Highland Park, NJ is part of Middlesex 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 Middlesex is 1.76% which is above the national average, which is 0.99%.
Median Home Price in Highland Park, NJ
Median Rent in Highland Park, NJ
Top 6 Reasons To Live In Highland Park, NJ
High property values! Off the Raritan River near North 2nd and Grant Avenues, median home values are $422,399. Those seeking rent to own homes here enjoy steady appreciation rates and proximity to the walking trails of Rutgers Ecological Preserve as well as incredible eateries like Midori Sushi and Aposto Mediterranean Grill and Pizzeria.
Pamper yourself at salons and spas! Whether locals crave an outstanding hairstyle from The Loft Salon, a massage at Jia and Li Health Service, or a full day of upkeep across town at Eden Organix Eco-Conscious Boutique and Spa, Highland Park provides all the services you need to freshen up.
Reasonable rental costs! Access to local gems like White Rose Burgers, Pithari Tavern, and Pilates and Company makes the area around Raritan and South 5th Avenes an alluring choice for those looking for great rental home options. The average rental cost is $1,100, which is 46.2 percent lower than surrounding New Jersey neighborhoods.
Shop local, specialty, and big-box! Highland Park offers residents a plethora of grocery options. Whether it be fine wine, cheese and liquor at Pino's Gift Basket Shoppe and Wine Cellar, dried herbs, pasta, and Greek infused goodies at New Athens Corner Inn, or the pantry staples found at the Stop and Shop Supermarket, you'll find it all within reach. Farm to table fare may also be found down the block at the Highland Park Farmers Market held each week during warm weather, offering grass-fed meat and fresh produce among other delights.
Admire a bit of art! Stroll around the galleries to view the incredible exhibits at the Zimmerli Art Museum, or try your hand at the crafting activities through classes offered at Highland Spark, where you'll be able to wear the jewelry you've hand-crafted.
Get your fill of coffee! While browsing the shops or before heading to work, grab a cup of espresso from nearby OQ Coffee Company, doling out house roasted beans in the form of espresso and cold brews. Cafe bene also serves amazing coffee and lattes along with a full gelato bar.