Rent to own Homes in Rahway, NJ
A bustling town in Eastern New Jersey -- only a few miles away from New York City -- Rahway was a battle site in the American Revolution, and became an important transit stop throughout the East Coast. It later became a center for manufacturing and industry (notably, the home for the Merck pharmaceutical company) and it's well known for its gorgeous landscape, which includes the Rahway River and several picturesque parks.
Rahway, NJ is a great place for affordable rent-to-own homes! With a median household income of over $77,393 and a median rent of $1,271, the Rahway, 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 Rahway, 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 Rahway, NJ Property Resources
Rent to own Homes in Cities Near Rahway, NJ
- Belford
- Brookside
- Brownville
- Carteret
- Cliffwood
- Cliffwood Beach
- Colts Neck
- Dayton
- East Brunswick
- East Franklin
- East Millstone
- Fords
- Franklin Center
- Franklin Park
- Green Knoll
- Hazlet
- Helmetta
- Hibernia
- Hillsborough
- Hopelawn
- Keansburg
- Kendall Park
- Keyport
- Leonardo
- Macopin
- Manville
- Marlboro
- Mendham
- Menlo Park Terrace
- Middlebush
- Middletown
- Millstone
- Monroe Township
- North Brunswick
- North Haledon
- Parlin
- Paterson
- Perth Amboy
- Plainfield
- Pluckemin
- Port Monmouth
- Port Reading
- Preakness
- Rutgers University Livingston Campus
- Sayreville
- Society Hill
- Somerset
- South Bound Brook
- Weston
- Yorketown
Neighborhoods in Rahway, NJ
Rahway rent to own homesPopular Zip Codes in Rahway, NJ
07065 rent to own homesBuying a Home in Rahway, NJ
Rahway, NJ is seeing rapid growth and Rahway, NJ's' housing market remains not optimal with an average home price that is 27% above the 2024 national average. Rahway, NJ is part of Union 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 Union is 1.87% which is above the national average, which is 0.99%.
Median Home Price in Rahway, NJ
Median Rent in Rahway, NJ
Top 5 Reasons to Live in Rahway, NJ
It's a transit hub! Rahway's centralized location provides for plenty of access to hot spots throughout the northeast. There's efficient local bus that goes straight into Manhattan along with several train routes. You can head over to Rahway Train Station to trek through the entire Northeast region, down through New Jersey or right into Penn Station in New York City. Additionally, Newark Airport is only a few miles away from downtown Rahway.
Enjoy downtown! If you find a house within Rahway, the bustling, hopping downtown area is right within your grasp. You can catch a show at the Union County P.A.C. (there are plenty of great plays and performances) or stop for an intriguing meal at the local favorite Little Portugal, which specializes in amazing barbecue.
Great home resale value! If you're looking for property in Rahway, you'll find plenty of different options for your next nesting place. At last count, there are a whopping 200 different homes for sale in the Rahway market, giving you a wide selection to find just the right home for you and your family. Additionally, if you're a shopping fan, Rahway's downtown area offers an array of fascinating options - everything from Liberty Harley-Davidson and Classic Comics to a Walgreens convenience store and the Heritage Guild of Rahway (boasting tons of collectible antiques).
Affordable homes prices! The average price per square foot for a house in Rahway? It's an affordable $161, which is down from $166 in 2009 - making this a great time to consider purchasing a property or rent to own options. Additionally, you'll be near the great food at Mr. Apple Pie and Sabor Peruano, which are a few of the local favorites.
Fantastic nightlife! Moving to Rahway gives you an array of nightlife options for the weekend. Stop by Meatballs and Brews (what a great name, right?) for some fine beverages and food, or head to the Rail House Bar for a burger and some brews.