Rent to own Homes in Centereach, NY
Centereach got its name from the words Center and Reach, because of its location directly in the middle of Long Island. While its population in 1940 was only 628, those early days are only a memory. A surge of construction in recent years fueled sharp population growth and Centereach is now a cohesive suburban community of 31,578. The town received recognition after a 2007 blizzard for having the most effective snow-clearing service in the area.
Centereach, NY is a great place for affordable rent-to-own homes! With a median household income of over $109,247 and a median rent of $2,003, the Centereach, 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 Centereach, 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 Centereach, NY Property Resources
Rent to own Homes in Cities Near Centereach, NY
- Aquebogue
- Baiting Hollow
- Bayport
- Belle Terre
- Bellport
- Brookhaven
- Calverton
- Center Moriches
- East Moriches
- East Patchogue
- Eastport
- East Quogue
- East Shoreham
- Farmingville
- Fire Island
- Flanders
- Gordon Heights
- Hampton Bays
- Hauppauge
- Holbrook
- Islandia
- Islip
- Jamesport
- Lake Ronkonkoma
- Laurel
- Manorville
- Mastic
- Mastic Beach
- Mattituck
- Medford
- Middle Island
- Miller Place
- Moriches
- Mount Sinai
- Northampton
- North Bellport
- Patchogue
- Port Jefferson Station
- Ridge
- Shirley
- Shoreham
- Smithtown
- Sound Beach
- Stony Brook
- Stony Brook University
- Terryville
- Village of the Branch
- Wading River
- Westhampton
- Westhampton Beach
Neighborhoods in Centereach, NY
No neighborhoods foundPopular Zip Codes in Centereach, NY
11720 rent to own homesBuying a Home in Centereach, NY
Centereach, NY is seeing rapid growth and Centereach, NY's' housing market remains not optimal with an average home price that is 66% above the 2024 national average. Centereach, NY is part of Suffolk 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 Suffolk is 1.7% which is above the national average, which is 0.99%.
Median Home Price in Centereach, NY
Median Rent in Centereach, NY
Top 4 Reasons to Live in Centereach, NY
It's a great place to find bargains! Home prices in Centereach have been slow to recover after the economic downturn and the median sale price of $273,750 is not far above 2012's low point of $271,000. It's easy to come and take a look at Centereach housing possibilities because the hamlet is accessible from the Long Island Expressway or the Northern State Parkway. The Centereach Civic Association coordinates neighborhood volunteers to keep the area tidy and develop a sense of community.
It has a lake with a ghost! Just a mile from Centereach is Lake Ronkonkoma, the largest body of fresh water on Long Island. Known for the elusive Lady of the Lake, who is the heroine of a long-ago love story, Lake Ronkonkoma appeals to anyone who relishes a good folk tale. For those with more practical interests, Lake Ronkonkoma County Park, on its northern shore, offers plenty of opportunities to fish for eleven species of fish.
Rent to own houses provide solutions for homeowners! Because Centereach is still rebuilding its real estate market, over 18 percent of homes have negative equity. Owners in this situation will be likely to hold off on selling their homes for a time and rental homes that lead to purchase provide a win-win situation for everyone in the transaction. Local color in Centereach is served up by Buffalo Wild Wings, a vibrant sports bar that offers classic American food and plenty of big screens for watching sports. Just a mile or so down Middle Country Road is Good Steer, where patrons enjoy dry-aged beef beside a crackling fire.
You can have a tropical party! Tiki Action Park is a fun center with a tropical theme. Go-karts, a laser maze, miniature golf and a great arcade make this a super birthday party event venue. After you return from your tropical adventure, you can cross the street and enjoy the chance to shop at Centereach Mall's many stores.