Rent to own Homes in South River, NJ
Formerly part of the township of East Brunswick, South River underwent several name changes before it officially became a borough in 1898 and part of Middlesex County. Now home to around 16,000 people, it's mostly a suburban city. The borough is conveniently close to the New Jersey Turnpike and about an hour's drive from Manhattan. The South River forms its eastern boundary, while Old Bridge Turnpike marks the western.
South River, NJ is a great place for affordable rent-to-own homes! With a median household income of over $77,382 and a median rent of $1,316, the South River, 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 South River, 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 South River, NJ Property Resources
Rent to own Homes in Cities Near South River, NJ
- Belford
- Belmar
- Brownville
- Clearbrook
- Cliffwood
- Cliffwood Beach
- Concordia
- Cream Ridge
- Deal
- East Franklin
- East Freehold
- Eatontown
- Farmingdale
- Fords
- Fort Monmouth
- Helmetta
- Highlands
- Hopelawn
- Howell
- Interlaken
- Jackson
- Keansburg
- Keyport
- Leonardo
- Little Silver
- Long Branch
- Menlo Park Terrace
- Monmouth Beach
- Monroe Manor
- Monroe Township
- Neptune City
- Oakhurst
- Ocean Grove
- Oceanport
- Perth Amboy
- Port Monmouth
- Ramtown
- Red Bank
- Roosevelt
- Rossmoor
- Rumson
- Rutgers University Livingston Campus
- Sayreville
- Shrewsbury
- Society Hill
- Somerset
- Wanamassa
- West Long Branch
- Whittingham
- Yorketown
Neighborhoods in South River, NJ
South River rent to own homesPopular Zip Codes in South River, NJ
08882 rent to own homesBuying a Home in South River, NJ
South River, NJ is seeing rapid growth and South River, NJ's' housing market remains not optimal with an average home price that is 43% above the 2024 national average. South River, 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 South River, NJ
Median Rent in South River, NJ
4 Reasons to Love Living in South River, NJ
Home affordability! In late 2014, the borough had a median list price of $249,000, which was down 4% from the year before. With a median house size of nearly 2,700 square feet, there's value in a home here. Near the downtown area, along Washington Road, you can find deals on rent to own homes. To the west of Washington, you'll find nice blocks of established neighborhood areas with mature landscaping.
Parks and green space! There are hiking and biking trails through forested Edward A. Grekowski Park, on the banks of South River, that provide a nice respite from the clamor of the city. Daley's Pond Recreation Area, in the north part of town, is another spot for finding relaxation. Pacer's Field has baseball parks and basketball courts. Leonardine Park is a smaller neighborhood green space in the southern part of the borough and is next to the South River Public Library.
Fabulous food choices! For a delectable sampling of the cuisine of Portugal, try the Portuguese Fisherman on Jackson Street. Krakowiak Restaurant on Main St. offers authentic Polish food that will make you think you are in Krakow with the tasty pirogi and golabki. River Thai Cuisine, also on Main Street, brings the flavors of Thailand to town. Ria Mar, on Whitehead Avenue, is another eatery featuring Portuguese favorites. For a beer or two and to catch the game, head to 33's Tavern on Devoe St.
Nice selection of quality homes! The borough has classic suburban homes in tract neighborhoods with cul-de-sacs, older homes laid out in grid-style blocks and a few apartment complexes. People looking for homes convenient to transportation routes will find access to the New Jersey Turnpike from Cranbury Road and Milltown Road, toward the middle of town, and Old Bridge Turnpike to the north. It's not far to the New Brunswick train station for rail commuters, and there are bus connections throughout town.