Rent to own Homes in Merrick, NY
As a hamlet and a census designated place, Merrick is a small, peaceful community located within the borders of the town of Hempstead in Nassau County. Home to around 22,000 people, the land was originally home to the Algonquin Native Americans. While the community has a lot to offer travelers and residents, its charm is aided by its proximity to New York City, roughly 30 miles away.
Merrick, NY is a great place for affordable rent-to-own homes! With a median household income of over $160,281 and a median rent of $1,976, the Merrick, 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 Merrick, 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 Merrick, NY Property Resources
Rent to own Homes in Cities Near Merrick, 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 Merrick, NY
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11566 rent to own homesBuying a Home in Merrick, NY
Merrick, NY is seeing rapid growth and Merrick, NY's' housing market remains not optimal with an average home price that is 169% above the 2024 national average. Merrick, 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 Merrick, NY
Median Rent in Merrick, NY
Top 5 Reasons to Live in Merrick, NY
Real estate prices are rising! The value of homes for sale in Merrick keep rising, so real estate in the area is a fairly safe investment, whether you are looking to buy or rent to own. Property prices are high in the area, but you have all the benefits of living in a small community while still being in easy reach of New York City. More affordable areas of Merrick include neighborhoods such as North Merrick and Meadowbrook.
Excellent outdoor spaces! Merrick has some beautiful and exquisitely maintained public outdoor spaces. The most notable is probably the Norman Levy Park and Preserve on the Long Island shore. Smaller parks, such as Julian Lane Park, are also worth a visit.
High rate of ownership! If you want to put down roots, it's nice to know you live in an area with a fairly stable population. Property in Merrick is highly sought after and more than 95 percent is owner-occupied, which means you're unlikely to have a rotating cast of new neighbors coming and going. The most popular neighborhoods in the area include Berfond and Lonni Lane.
Activities everywhere you look! While Merrick definitely has that small town feel, there are a number of activities to that keep residents occupied. You can head over to Merrick Cinemas on Fisher Avenue to catch a movie or go to see the local Merrick Symphony Orchestra. Of course, you mustn't forget that Merrick is roughly 30 miles away from all the sights and sound of the big apple; hop on the Long Island Railroad and head into the city for a weekend getaway.
Eat out in style! There are some outstanding restaurants in Merrick, no matter your food preferences. Santorini Greek Restaurant is one of the best eateries in town, but you shouldn't miss Anchor Down if you enjoy seafood or Xaga for traditional Japanese cuisine.