Rent to own Homes in Freeport, NY
Close to the Big Apple. Great Long Island living close to New York City is what you find in Freeport. Just minutes away from JFK Airport and Long Beach, it's convenience meets livability. Real estate here isn't as expensive as some around, so there are more options. Rent to own homes can be found for those wanting to get in on home ownership, with an average monthly rent of $1,237 in 2011.
Freeport, NY is a great place for affordable rent-to-own homes! With a median household income of over $85,540 and a median rent of $1,663, the Freeport, 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 Freeport, 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 Freeport, NY Property Resources
Rent to own Homes in Cities Near Freeport, NY
- Amityville
- Asharoken
- Babylon
- Baldwin
- Baldwin Harbor
- Barnum Island
- Bayville
- Bellmore
- Compo
- Cos Cob
- Darien Downtown
- East Garden City
- East Meadow
- East Northport
- East Rockaway
- Elwood
- Flower Hill
- Freeport
- Glen Head
- Greenlawn
- Greens Farms
- Halesite
- Hauppauge
- Herricks
- Hewlett Harbor
- Huntington Bay
- Lake Ronkonkoma
- Levittown
- Lindenhurst
- Lloyd Harbor
- Locust Valley
- Malverne
- Manhasset Hills
- Massapequa Park
- Muttontown
- North Amityville
- North Merrick
- Northport
- North Wantagh
- Norwalk
- Roslyn Heights
- Salisbury
- South Hempstead
- Stony Brook
- West Hills
- West Islip
- Westport Village
- Wheatley Heights
- Williston Park
- Wyandanch
Neighborhoods in Freeport, NY
No neighborhoods foundPopular Zip Codes in Freeport, NY
11520 rent to own homesBuying a Home in Freeport, NY
Freeport, NY is seeing rapid growth and Freeport, NY's' housing market remains not optimal with an average home price that is 66% above the 2024 national average. Freeport, NY is part of Nassau 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 Nassau is 1.79% which is above the national average, which is 0.99%.
Median Home Price in Freeport, NY
Median Rent in Freeport, NY
9 Great Reasons to Live in Freeport, New York
Freeport's Nautical Mile. It's a scenic and historic walking area that did suffer damage from Superstorm Sandy but is recovering. Check out E.B. Elliot's or take in live music at one of the many pubs or bars lining the walk.
Unique homes and apartments for rent. Get an apartment on Anchorage Way or South Ocean Avenue for great water views or move inland a few blocks and secure a home with a yard. Take advantage of rent to own opportunities or pursue a traditional lease -- the current average price is $140 per square foot.
Fantastic Food. In addition to the eateries on the Nautical Mile, Freeport has fine restaurants serving up a variety of fare. Try Imperial Diner on Merrick Road or Azuma on West Sunrise Highway for great Asian.
Get out on the water. Set sail on the Captain Lou Fleet for some deep-sea fishing and try to hook your own dinner! Don't want to fish? Take the Seal Cruise out to look for seals playing in the water or on the shore. Miss Freeport V also offers private charters.
Wine tour or kayaking. Now that's two different things you can try on the same day. Rent a kayak and paddle around the inner sound or go sampling the fruit of the vine. Long Island Vineyard Tours sets up visits for a selection of wineries near Freeport. Rent kayaks at Waterfront Park.
Buyer's market. At just $204,000 as of March 2014, the median home price in Freeport is down substantially from a year before. That's indicative of an area still recovering from storm devastation. In such a soft market, rent to own houses are sure to be an option for buyers. Check out the neighborhoods around Anchorage Way and Guy Lombardo Avenue.
Get some exercise. Come by the Freeport Recreation Center on East Merrick Road for fun in the swimming pool or get your workout on in the gym. For a waterside workout, take a run on nearby Long Beach, Rockaway Beach or Jones Beach Island.
Get your golf game going. Start small by hitting the mini golf at Crow's Nest Mini Golf before heading to the links at South Bay Country Club.