Rent to own Homes in Tenafly, NJ
Located on the banks of the Hudson River, Tenafly is a borough in Bergen County, New Jersey. Founded in 1864, the city is rich in history and culture. In 2013, New Jersey Monthly ranked it as the 7th best place to live in New Jersey. With a historic downtown, natural landscapes and delicious cuisine, Tenafly is a great place to call home.
Tenafly, NJ is a great place for affordable rent-to-own homes! With a median household income of over $180,601 and a median rent of $3,073, the Tenafly, 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 Tenafly, 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 Tenafly, NJ Property Resources
Rent to own Homes in Cities Near Tenafly, NJ
- Airmont
- Atlantic Beach
- Bardonia
- Bayville
- Bedford
- Bellerose Terrace
- Bogota
- Cedarhurst
- Chestnut Ridge
- Congers
- Cos Cob
- East Garden City
- East Meadow
- East Rockaway
- Flower Hill
- Glen Head
- Grand View-on-Hudson
- Herricks
- Hewlett Harbor
- Hillburn
- Hillcrest
- Locust Valley
- Malverne
- Manhasset Hills
- Mount Ivy
- Muttontown
- Nanuet
- New Square
- North Caldwell
- North Haledon
- North Lynbrook
- Orangeburg
- Paterson
- Pearl River
- Piermont
- Preakness
- Rock Ridge
- Roslyn Heights
- South Hempstead
- Sparkill
- Spring Valley
- Stony Point
- Tappan
- Tomkins Cove
- Wesley Hills
- West Haverstraw
- Westwood
- William Paterson University Of New Jersey
- Williston Park
- Wyckoff
Neighborhoods in Tenafly, NJ
Tenafly rent to own homesPopular Zip Codes in Tenafly, NJ
07670 rent to own homesBuying a Home in Tenafly, NJ
Tenafly, NJ is seeing rapid growth and Tenafly, NJ's' housing market remains not optimal with an average home price that is 290% above the 2024 national average. Tenafly, NJ is part of Bergen 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 Bergen is 1.76% which is above the national average, which is 0.99%.
Median Home Price in Tenafly, NJ
Median Rent in Tenafly, NJ
Top 6 Reasons to Live in Tenafly, NJ
Get your fill of Tenafly history! Full of history, Tenafly has many historical places for those interested in learning about those who came before us. Visit the Elizabeth Cady Stanton House, the home of one of the most prominent women's rights activists in the late 19th century. You can also visit the Christie-Parsels House and the Westervelt House, both of which are on the National Register of Historical Places.
Explore the great outdoors! Tenafly is a city surrounded by natural vistas; its development was heavily influenced by its natural valleys and hills. The eastern downtown area ends at the edge of the New Jersey Palisades and overlooks the Hudson River. Stop by the Tenafly Nature Center to experience some of the beautiful woodlands of the area -- sit by Pfister's Pond, hike along the trails and peek into the visitor center to interact with live animals.
Rising appreciation rates! Thanks to an upturning economy, Tenafly has seen rising appreciation rates over the past five years, with home values rising 4.7% in the past year alone. The neighborhoods of Knickerbocker Road and Borough Center have seen the highest rises in rates.
Diverse cuisine to fulfill every craving! From Vietnamese to Italian, Tenafly has every type of cuisine you could want. Head over to Mr. Wok and Sushi Tenafly to have some delicious Chinese food or stop by TPR Restaurant Pizzeria, Inc. for a couple of slices of quality pizza.
Find everything you need! From CVS Pharmacy to Saga Electronics, Tenafly has all your shopping needs. For a locally-owned bookstore, check out Womrath's Bookstore on Washington Street. If you're looking for a hardware store, Benjamin Brothers on North Summit Street is a good place to stop.
High ownership rates! With over 90% of residents staying in their houses for over a year, those who move to Tenafly tend to stay put. Home prices have been hovering at $745,800 and are on the rise. Look in the neighborhoods of Riveredge Road or Borough Center for rent to own homes or for places to buy outright.