Rent to own Homes in Roosevelt, NY
Settlers first came to the area now known as Roosevelt from Hemel-Hempstead, a market town in England. One of the geographical advantages of the area was its location between Hempstead and the landing at Freeport, Long Island. The once heavily wooded area has changed names a few times over the years. At first it was known as Rum Point, but when the temperance movement became prominent the name was shifted to Greenwich Point. Later, when the Post Office authorities thought Greenwich Point sounded too much like Greenwich Village, the name was again changed to Roosevelt, in honor of Teddy Roosevelt, the 1901 president.
Roosevelt, NY is a great place for affordable rent-to-own homes! With a median household income of over $92,612 and a median rent of $2,151, the Roosevelt, 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 Roosevelt, 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 Roosevelt, NY Property Resources
Rent to own Homes in Cities Near Roosevelt, 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 Roosevelt, NY
No neighborhoods foundPopular Zip Codes in Roosevelt, NY
11575 rent to own homesBuying a Home in Roosevelt, NY
Roosevelt, NY is seeing rapid growth and Roosevelt, NY's' housing market remains not optimal with an average home price that is 50% above the 2024 national average. Roosevelt, 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 Roosevelt, NY
Median Rent in Roosevelt, NY
4 Great Reasons to Live in Roosevelt, New York
Celebrity Stomping Ground! Roosevelt has been the home of many celebrities over the years, including comedians Eddie and Charlie Murphy, groundbreaking hip-hop artists Chuck D. and Flava (of Public Enemy), basketball superstar Dr. J. (Julius Irving), and the king of all shock jocks, Howard Stern. Eddie Murphy once told People magazine that while other Roosevelt kids spent their time in the park emulating local hero Dr. J, he holed up in his basement emulating Lionel Richie and Elvis Presley. Chuck D. recalls that growing up the supportive, tight-knit community of Roosevelt helped give him and his band members the confidence to bring rap music to a new level.
Strong Housing Stock! In 2012, the median value of a condo or house in Roosevelt was a little above $300,000, indicating a desirable location and a solid investment. Many of the buildings in the Town Center section of Roosevelt were built between 1940 and 1969. A number of residences -- even some rent to own homes -- in the Babylon Turnpike / Gormley Avenue section were developed between 1970 and 1999.
Great Down Home Cooking! The Chimi Spot is a food truck that serves some of the best chimichangas in the area. If you're in the mood for a hearty breakfast, Joe's Coffee Shop serves a southern-style breakfast with grits, sage sausage, plentiful eggs and more. Red n Spice is an authentic Caribbean take out restaurant that serves jerk chicken, curried goat, oxtails and more.
More Homeowners than Average! There are just over 4,000 houses in Roosevelt. About 26% of the population rents, which is slightly lower than the 28% average for the rest of New York. Many people love to buy a home in this area and settle here. It's a great place for commuters: According to experts, more residents carpool to work from the Babylon Turnpike / Gormley Avenue section of Roosevelt (23.1%) than in 96.7% of America. In the Denton Avenue / Mirin Place section of Roosevelt, more commuters take the bus to work (17.3%) than 95.7% of all American neighborhoods.