Rent to own Homes in North Babylon, NY
Located on Long Island is North Babylon -- a lovely suburban, residential neighborhood that offers access to amenities like New York City and beaches nearby. Many enjoy the perks that North Babylon itself has to offer like lovely homes and tons of entertainment options for residents of all ages. Now home to about 17,500 people, North Babylon offers a chance to enjoy a vibrant community that offers a balance of peace and quiet with easy access to any amenity you could imagine.
North Babylon, NY is a great place for affordable rent-to-own homes! With a median household income of over $104,987 and a median rent of $1,852, the North Babylon, 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 North Babylon, 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 North Babylon, NY Property Resources
Rent to own Homes in Cities Near North Babylon, 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 North Babylon, NY
No neighborhoods foundPopular Zip Codes in North Babylon, NY
11703 rent to own homesBuying a Home in North Babylon, NY
North Babylon, NY is seeing rapid growth and North Babylon, NY's' housing market remains not optimal with an average home price that is 72% above the 2024 national average. North Babylon, 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 North Babylon, NY
Median Rent in North Babylon, NY
Top 5 Reasons to Live in North Babylon, NY
Beautiful outdoors! People in North Babylon have the chance to spend time outside in lovely settings, since there are plenty of parks in town. Residents particularly enjoy spending time in Phelps Lane Memorial Park and Belmont Lake State Park.
Place to own! Most people purchase their property in North Babylon instead of renting, and real estate here is about 76 percent owner inhabited. For easy access to nearby towns, look for property near the Southern State Parkway that runs through the center of the City. It's a great location for large condominium complexes like the popular Somerset Village, which is a pet-friendly spot.
Delicious dining! There are many delicious dining options in North Babylon, and you don't even have to trek into the Big Apple to taste fine fare. Pastoosa Ravioli is a local Italian favorite, while Eastern Babylon Chinese offers delicious Asian cuisine. For something upscale, Babylon boasts favorites, like the North Babylon Restaurant, which features fine French dining.
Reading paradise! People who love to read will find themselves right at home in Babylon. That's because it has a lovely local library, the North Babylon Public Library. People who want to purchase their books can find a selection at Long Island Comics or Go! Calendars & Games.
Desirable living! People like living in North Babylon for the quality of life, which is why the town has a vacancy rate of 4 percent. One of the reasons that people like to buy or rent to own a home in town is because of convenience. The city has many luxury housing options that are also convenient for commuters, like the Whalers Condominium and Fairfield Properties buildings, which are both located right by the Babylon train station and offer easy access to the Long Island Railroad trains into Manhattan or out to the Hamptons.