Rent to own Homes in Lake Ronkonkoma, NY
Home to the largest freshwater lake on Long Island, Lake Ronkonkoma is the place where myths and legends are born. Many rumors circulate around the community's lake, from the famed story regarding the "Lady of the Lake," pirates taking refuge on the lake's inlet, and even the myth that it is a bottomless body of water. Once a popular summer resort containing nothing more than a few boarding houses, Lake Ronkonkoma now boasts a warm, friendly atmosphere.
Lake Ronkonkoma, NY is a great place for affordable rent-to-own homes! With a median household income of over $91,529 and a median rent of $1,705, the Lake Ronkonkoma, 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 Lake Ronkonkoma, 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 Lake Ronkonkoma, NY Property Resources
Rent to own Homes in Cities Near Lake Ronkonkoma, NY
- Amityville
- Asharoken
- Babylon
- Baldwin
- Baldwin Harbor
- Barnum Island
- Bayville
- Bellmore
- Compo
- East Garden City
- East Meadow
- East Northport
- East Rockaway
- Elwood
- Flower Hill
- Freeport
- Glen Head
- Greenlawn
- Greens Farms
- Halesite
- Hauppauge
- Herricks
- Holbrook
- Huntington Bay
- Lake Ronkonkoma
- Levittown
- Lindenhurst
- Lloyd Harbor
- Locust Valley
- Malverne
- Manhasset Hills
- Massapequa Park
- Medford
- Mount Sinai
- Muttontown
- North Amityville
- North Merrick
- Northport
- North Wantagh
- Norwalk
- Port Jefferson Station
- Roslyn Heights
- Salisbury
- South Hempstead
- Stony Brook
- West Hills
- West Islip
- Wheatley Heights
- Williston Park
- Wyandanch
Neighborhoods in Lake Ronkonkoma, NY
No neighborhoods foundPopular Zip Codes in Lake Ronkonkoma, NY
11779 rent to own homesBuying a Home in Lake Ronkonkoma, NY
Lake Ronkonkoma, NY is seeing rapid growth and Lake Ronkonkoma, NY's' housing market remains not optimal with an average home price that is 70% above the 2024 national average. Lake Ronkonkoma, 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 Lake Ronkonkoma, NY
Median Rent in Lake Ronkonkoma, NY
Top 6 Reasons to Live in Lake Ronkonkoma, NY
Enjoy natural beauty! What better way to spend those hot summer days than enjoying fresh air and plenty of water activities on Lake Ronkonkoma? The lake offers several species of fish ranging from Largemouth Bass to Black Crappie, Yellow Perch, Walleye and more. Raynor Beach County Park offers pathways for leisurely strolls and early morning jogs bathed in the sounds and smells of nature.
A steady market! Over the past five years, the housing market in Lake Ronkonkoma has remained remarkably steady. Finding a rent to own home here is a safe bet on a good return later. Use The Moving Doctor or Astro Moving & Storage when you're ready to make your stay here permanent.
Great food! For a casual experience that satisfies a desire for a hot slice of gooey, cheese covered pizza, hit up Gino's of Ronkonkoma, which offers a variety of pizzas, meatball sandwiches, pastas, salads and even appetizers. For something a little more luxurious, checking out Lake Ronkonkoma's famed restaurant Windows on the Lake, which is also one of the hottest wedding venues in the area.
Enjoy community activities! Lake Ronkonkoma hosts a wide range of events such as the Annual Celebrity Softball Game, Annual Clam Bake, Annual Taste of Ronkonkoma and Annual Ronkonkoma Street Fair. The Annual Celebrity Softball Game has previously featured the faces of Claudia Welles from Back to the Future, Babe Ruth's granddaughter, Linda Ruth Tosetti, and former Yankee Frank Tepedino.
Affordable homes to rent! For those interested in renting a home, Lake Ronkonkoma has plenty to offer. Find houses ranging from $1,400 a month for a 1-bedroom to just $2,400 a month for a 3-bedroom. Many of them come steeped in historic value thanks to two local museums run by the Lake Ronkonkoma Historical Society. The first is Fitz-Greene Hallock Homestead Museum, which contains all the original furnishings left behind by the Hallock family. Finally, there is the Lake Ronkonkoma Historical Society Museum featuring various Native American artifacts and memorabilia.
Live for adventure! One of the greatest reasons rent to live in Lake Ronkonkoma is the fact that the area offers plenty of adventure. Lake Ronkonkoma Beach provides residents with the chance to get out and about for a picnic, a day at the park and daily beach access (weather permitting, of course). Indian Island County Park is situated close to many homes throughout Lake Ronkonkoma and offers hiking, camping, fishing and a wide variety of other outdoor activities for residents of any age to enjoy.