Rent to own Homes in Auburn, NY
Auburn may be called History's Hometown, but it still has a lot going on today. This city of nearly 27,700 in Cayuga County not only serves as the county seat, but also is a place where the arts thrive, where good food can be savored, and where old architecture prevails. Auburn also sits within the Finger Lakes region -- one of the northeast's most gorgeous areas. When all of that is put together, it's clear that folks can't go wrong if they make Auburn their home.
Auburn, NY is a great place for affordable rent-to-own homes! With a median household income of over $43,555 and a median rent of $743, the Auburn, 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 Auburn, 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 Auburn, NY Property Resources
Rent to own Homes in Cities Near Auburn, NY
- Auburn
- Aurora
- Baldwinsville
- Camillus
- Cato
- Cayuga
- Clyde
- Elbridge
- Fairmount
- Genoa
- Interlaken
- Jordan
- King Ferry
- La Fayette
- Lakeland
- Locke
- Marcellus
- Marietta
- Martville
- Melrose Park
- Memphis
- Meridian
- Moravia
- Ovid
- Port Byron
- Preble
- Radisson
- Red Creek
- Romulus
- Savannah
- Scipio Center
- Seneca Falls
- Seneca Knolls
- Skaneateles
- Sterling
- Union Springs
- Village Green
- Warners
- Waterloo
- Weedsport
- Wolcott
Neighborhoods in Auburn, NY
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Auburn, NY is seeing rapid growth and Auburn, NY's' housing market remains optimal with an average home price that is -51% below the 2024 national average. Auburn, NY is part of Cayuga 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 Cayuga is 2.59% which is above the national average, which is 0.99%.
Median Home Price in Auburn, NY
Median Rent in Auburn, NY
Top 4 Reasons to Live in Auburn, NY
Learn all about Auburn's past! Auburn has deep roots, and with that comes numerous sites today. Abolitionist Harriet Tubman lived here, and a visit the Harriet Tubman Home is a must. William H. Seward, the senator that came up with the idea to buy Alaska, resided here, and touring his manor -- now the Seward House Museum -- is a must. Fort Hill Cemetery is the resting place for many past icons. The Cayuga Museum of History and Art puts the regions whole story on display as well. Lots of national landmarks dot Auburn, including Cayuga County Courthouse and Case Memorial-Seymour Library.
Reside in a historic home! 59.0% of housing units in Auburn were constructed prior to 1940, with many of those dating back to the 19th century. That clearly proves that classic architectural styles still stand strong here. The South Street Area Historic District, for instance, features a mix of famous architectural styles, including Greek Revival, Federal style, Romanesque, Tudor, and Italianate; the South Street Area Historic District is still mainly residential, which means newcomers have a chance to find a historic property for sale or rent to own there. Charming old homes can also be found near Market Street Park and the center of Auburn.
Go out and have a ball! Auburn has a thriving social scene, so don's miss out. Catch a comedy show or concert at the iconic Auburn Public Theater. Have a meal at Moro's Table. Have a drink at Swaby's Tavern. By some antiques at Timeless Treasures Past and Present Shop. Or just head to the downtown area and see where the night leads. There's plenty to see, eat, and drink.
Decide whether to lease or buy! With 51.4% of units being rented and 49.6% owner-occupied, it's evident that the real estate market in Auburn caters to both renters and buyers. For rental homes, try searching near Pomeroy Park, as there are several complexes near there. There are homes for sale throughout town, including near Casey Park in the north and near the pristine Owasco Lake (one of the Finger Lakes) in the south.