Rent to own Homes in West New York, NJ
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West New York, NJ is a great place for affordable rent-to-own homes! With a median household income of over $64,378 and a median rent of $1,366, the West New York, 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 West New York, 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 West New York, NJ Property Resources
Rent to own Homes in Cities Near West New York, NJ
- Airmont
- Atlantic Beach
- Bardonia
- Belford
- Bellerose Terrace
- Bogota
- Carteret
- Cedarhurst
- Chestnut Ridge
- Congers
- East Rockaway
- Elizabeth
- Flower Hill
- Grand View-on-Hudson
- Great Neck Estates
- Harrison
- Herricks
- Hewlett Harbor
- Hillburn
- Hillcrest
- Keansburg
- Lake Success
- Lawrence
- Malverne
- Manhasset Hills
- Middletown
- Nanuet
- New Square
- North Caldwell
- North Haledon
- North Lynbrook
- Orangeburg
- Paterson
- Pearl River
- Perth Amboy
- Piermont
- Port Monmouth
- Port Reading
- Preakness
- Roslyn Heights
- South Floral Park
- South Valley Stream
- Sparkill
- Spring Valley
- Tappan
- Thomaston
- Westwood
- William Paterson University Of New Jersey
- Williston Park
- Wyckoff
Neighborhoods in West New York, NJ
West New York rent to own homesPopular Zip Codes in West New York, NJ
07093 rent to own homesBuying a Home in West New York, NJ
West New York, NJ is seeing rapid growth and West New York, NJ's' housing market remains not optimal with an average home price that is 57% above the 2024 national average. West New York, 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 West New York, NJ
Median Rent in West New York, NJ
Top 10 Reasons to Live in West New York
Great atmosphere in West New York! With a little under 50,000 residents, West New York provides a small town atmosphere with access to big city attractions. Check out the Little League Parade and the Annual Easter Egg Hunt.
Getting around town is easy! The New Jersey Transit is part of the Port Authority system in New York, which makes for easy access for residents who work in New York City. The light rail system and the New York Waterway (ferry) transports residents wherever they need to go.
Affordable housing! Mortgage rates are pretty affordable in the area based on its location. The average mortgage is less than $2,000 per month. 20% of residents own their own homes, from Adams Street to Park Ave.
Home of famous people! West New York boasts a number of famous residents who have called the city home - from actors to politicians to athletes. This city was home to author Morton Freedgood and baseball player John Mahnken. Are you the next celeb to call West New York home? Choose one of the fine rent to own houses on 52 Street or J. F. Kennedy Boulevard and find out!
A wide selection of cultural interests! Due to its close proximity to New York City, there are unlimited cultural centers, museums and activities one can enjoy. Some of the closer cultural centers to West New York include, Polish Cultural Institute, which focuses on Polish history and events. Tenri Cultural Institute is the Japanese cultural center. The American Israel Cultural Foundation provides extensive Jewish history and culture.
Great vacancy rate! West New York has an average vacancy rate of about 8%, meaning that house hunting is not a dismal affair! Rentals in West Side Avenue cost upwards of $850 per month, while those along Riverside Drive can cost up to $2,400 per month.
Wonderful recreational activities! Take a picnic or a nice walk or jog in Columbus Park and Memorial Park when you've got a little extra time on your hands.
Great attractions! Some of the major attractions are the George Washington Bridge, which connects New Jersey to New York. And don't miss a visit to Central Park Zoo; it is one of the largest and most famous zoos in the world.
A mixture of homes on sale! Although most residents live in apartments, there are plenty of homes available for those seeking home ownership or a rent to own agreement. Most of the homes were built more than 50 years ago, which gives this area a classic, vintage feel. Have a look at the beautiful architecture on Hudson Avenue or Jackson Street!
Wonderful rental neighborhoods! 70% of residents in West New York are renters, and the average price of rent is $900 per month. Check out the Town Center or Kennedy Boulevard for rentals or rent to own homes that are increasing in value.