Rent to own Homes in Amsterdam, NY
Any place that's named after one of the most visited destinations on the planet should be fun -- right? Well, if you answered "yes" then you're absolutely correct. Amsterdam, New York is often called a "small city with a big heart" since its residents are pleasant and full of spirit and the population is growing slowly. This city is one of the safest in Northeast New York, and it's located just a short drive from the state capital, Albany. Currently, there are 18,620 residents in Amsterdam, and most are located near the Mohawk River.
Amsterdam, NY is a great place for affordable rent-to-own homes! With a median household income of over $40,696 and a median rent of $781, the Amsterdam, NY 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 Amsterdam, NY. 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 Amsterdam, NY Property Resources
Rent to own Homes in Cities Near Amsterdam, NY
- Albany
- Alcove
- Athens
- Austerlitz
- Averill Park
- Berlin
- Castleton-on-Hudson
- Chatham
- Clarksville
- Claverack
- Claverack-Red Mills
- Clifton Knolls Mill Creek
- Coeymans Hollow
- Colonie
- Coxsackie
- Craryville
- Cropseyville
- Earlton
- East Chatham
- East Greenbush
- East Nassau
- Feura Bush
- Glenmont
- Guilderland
- Hampton Manor
- Johnsonville
- Lanesborough
- Latham
- Lorenz Park
- Malden Bridge
- Melrose
- Menands
- Nassau
- New Baltimore
- Niverville
- Philmont
- Pittsfield
- Richmond
- Rotterdam
- Schenectady
- Stephentown
- Troy
- Valley Falls
- Waterford
- Watervliet
- Westerlo
- Westmere
- West Sand Lake
- West Stockbridge
- Wynantskill
Neighborhoods in Amsterdam, NY
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12010 rent to own homesBuying a Home in Amsterdam, NY
Amsterdam, NY is seeing rapid growth and Amsterdam, NY's' housing market remains optimal with an average home price that is -59% below the 2024 national average. Amsterdam, NY is part of Montgomery 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 Montgomery is 2.86% which is above the national average, which is 0.99%.
Median Home Price in Amsterdam, NY
Median Rent in Amsterdam, NY
Top 5 Reasons to Live in Amsterdam, New York
A gift givers paradise! Finding a gift in Amsterdam is as easy as stepping outside! This community is full of spirit, so gift-giving is a part of life here. There's a shop for every occasion from weddings to proms and Valentine's Day to date night. The closest and most popular gift shops in Amsterdam are Damiano's Flower & Gifts and Mary and Belle's Gift Shop. For those who want to say it with a diamond, there's also a Kay's Jeweler.
Park it by the river! The main water source in Amsterdam is the Mohawk River. This river provides beauty, fun and fish to locals and visitors. For a great getaway, take a short drive from the city center to the river front and enjoy one of the many parks that line the river. Bergen Park and Amsterdam Parks Department are just two of the many options from which to choose.
Great employment opportunities! One of the many reasons that people travel to Amsterdam is for the job opportunities. There are many major retailers in the area - Home Depot and Walmart to name a few - but large companies like Beech-Nut Nutrition Company and Amsterdam Airfield are always hiring.
Beautiful rental homes! Although Amsterdam is a small town, there are many houses here for rent. Two rental options currently exist: rent to own and monthly rentals. Monthly rentals require a large amount of money upfront and there's no option to own at the end. Rent to own homes require a smaller down payment and after the asking price is reached you'll own the home. Rentals in the area range in price from $600 to $1,500 per month. The most sought after homes in the community are located near Bigelow Sanford Field and Bunn Creek.
Buy your next home in Amsterdam! Homes for sale by owner are very popular here. These homes require no real estate agent fee and the prices are often negotiable. The average home here is 3 bedrooms, 1 bathroom with an average asking price of $52,000. For those on a bigger budget, higher end homes are located near the Amsterdam Amtrak Station and St.Mary's Hospital.