Rent to own Homes in Hoboken, NJ
History lives here! The first ever recorded game of baseball was played at Elysian Fields in Hoboken, earning the city the title as the birthplace of baseball. One of the oldest technical universities, the Stevens Institute of Technology, was founded in 1870 through a sponsorship by engineer and inventor Edwin Augustus Stevens.
Hoboken, NJ is a great place for affordable rent-to-own homes! With a median household income of over $153,438 and a median rent of $2,360, the Hoboken, 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 Hoboken, 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 Hoboken, NJ Property Resources
Rent to own Homes in Cities Near Hoboken, NJ
- Arverne
- Astoria
- Atlantic Beach
- Avenel
- Belford
- Bellerose Terrace
- Cedarhurst
- Colonia
- Connecticut Farms
- Corona
- Elizabeth
- Flower Hill
- Fords
- Garwood
- Great Neck Estates
- Harrison
- Hazlet
- Herricks
- Hewlett Harbor
- Highlands
- Hollis
- Hopelawn
- Jackson Heights
- Keansburg
- Kearny
- Kenilworth
- Keyport
- Lake Success
- Lawrence
- Leonardo
- Linden
- Llewellyn Park
- Malverne
- Manhasset Hills
- Menlo Park Terrace
- Middletown
- Middle Village
- North Lynbrook
- Perth Amboy
- Port Monmouth
- Rahway
- Richmond Hill
- Roselle
- Saint Albans
- Secaucus
- Sewaren
- South Floral Park
- South Valley Stream
- Springfield
- Thomaston
Neighborhoods in Hoboken, NJ
Washington Street rent to own homes Castle Point rent to own homes North East Hoboken rent to own homes Northwest Hoboken rent to own homes Southeast Hoboken rent to own homes Southwest Hoboken rent to own homes Hoboken rent to own homes Maxwell Place rent to own homesPopular Zip Codes in Hoboken, NJ
07030 rent to own homesBuying a Home in Hoboken, NJ
Hoboken, NJ is seeing rapid growth and Hoboken, NJ's' housing market remains not optimal with an average home price that is 249% above the 2024 national average. Hoboken, NJ is part of Hudson 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 Hudson is 1.67% which is above the national average, which is 0.99%.
Median Home Price in Hoboken, NJ
Median Rent in Hoboken, NJ
Top Reasons to Live in Hoboken
A booming population! According to the most recent U.S. Census, the population of Hoboken is 50,005, up 29.6% from the 38,577 reported in 2000. In a city that is only 2.011 square miles in area, that' helps contribute to the high density of 15,669 houses per square mile.
Renting is popular here! In a state that's popular with renters -- 68% of New Jersey residents rent -- the rental rate in Hoboken blows that figure out of the water. A whopping two-thirds, or 77%, of Hoboken residents rent, so making the jump to rent to own houses is even easier here.
It's easy to access! Hoboken is often called a bedroom community for those who work in Manhattan. Multiple New Jersey bus lines bring passengers to the Hudson Place/Hoboken Terminal. Passengers can take the New York Waterway ferry to and from Hoboken Terminal and Pier 11, Battery Park and the West Midtown Ferry.
The economy is better than average! As of 2010, the Hoboken unemployment rate was 5.6%. This is much better than the current national unemployment rate of 6.7%. Employment opportunities abound at the Stevens Institute of Technology, any of the over ten elementary and high schools, or the publishing house, John Wiley & Sons.
Plenty of outdoor space! More than 15 public parks and outdoor spaces dot Hoboken. They range from Pier A Park, where visitors bring blankets and lie out in the sun, to Pier C Park, where people can try their luck at fishing, to places like Sinatra Park, where residents take advantage of the kayak launch.
Festivals galore! Each year, Hoboken organizes fun and entertaining festivals and contests. The Frank Sinatra Idol Contest pits singers against each other as they try to be named the best Sinatra impersonator. The Hoboken ComedyFest event calendar is filled with amateur and professional comedians who perform for charity.
It's a famous location! Several movies and television shows have been either set here, or actually shot on location. The TV show "What Would You Do?" has filmed several episodes on location. The most distinguished claim to fame, though is the 1954 film, "On the Waterfront," which was filmed in Hoboken.
The food is world class! Carlo's Bake Shop on Washington Street is owned and operated by none other than the "Cake Boss" of television fame. You won't find a more impressive cake shop anywhere else in the world. Hoboken Burrito serves up authentic Cali-Mex food at prices anyone can afford.
It's cultured! The Hoboken Historical Museum is dedicated to teaching visitors about the rich history and diversity of the city. The annual Mangia Hoboken Tour takes visitors on an unforgettable journey around the city, hitting hotspots like Empire Coffee & Tea.
The housing is diverse! Residents of Hoboken can choose from luxury one-bedroom apartments, rent to own houses or historical tenant buildings (39% of homes were built before 1940). Rent to own homes are a popular choice, considering that the median home value in Hoboken in 2011 at $514,725 was higher than New Jersey's median home value of $324,900.