Rent to own Homes in New Philadelphia, OH
Located 70 miles outside of Cleveland, New Philadelphia is the largest city in Tuscarawas County with a population of 17,288 in 2010. Originally a mining and manufacturing community, New Philadelphia now has a thriving economy that is home to many local businesses, including the Gradual Company. Tuscarawas offers residents an affordable cost of living, stable housing market with home values on the rise and great annual events that promote civic engagement.
New Philadelphia, OH is a great place for affordable rent-to-own homes! With a median household income of over $46,274 and a median rent of $777, the New Philadelphia, OH 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 New Philadelphia, OH. 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 New Philadelphia, OH Property Resources
Rent to own Homes in Cities Near New Philadelphia, OH
- Akron
- Alliance
- Baltic
- Barberton
- Barnhill
- Beach City
- Bowerston
- Brewster
- Canal Fulton
- Carrollton
- Clinton
- Dalton
- Dellroy
- Dennison
- Dover
- Dundee
- Gnadenhutten
- Hartville
- Hills and Dales
- Leesville
- Louisville
- Magnolia
- Malvern
- Marshallville
- Meyers Lake
- Midvale
- Mineral City
- Minerva
- Mount Eaton
- Mount Hope
- New Franklin
- New Philadelphia
- North Canton
- North Industry
- North Lawrence
- Norton
- Orrville
- Paris
- Parral
- Perry Heights
- Richville
- Sandyville
- Sherrodsville
- Stone Creek
- Sugarcreek
- Tuscarawas
- Uniontown
- Walnut Creek
- Waynesburg
- Wilkshire Hills
Neighborhoods in New Philadelphia, OH
Southside rent to own homes Downtown New Philadelphia rent to own homes Schoenbrunn Village rent to own homes Franklin Square rent to own homesPopular Zip Codes in New Philadelphia, OH
44663 rent to own homesBuying a Home in New Philadelphia, OH
New Philadelphia, OH is seeing rapid growth and New Philadelphia, OH's' housing market remains optimal with an average home price that is -43% below the 2024 national average. New Philadelphia, OH is part of Tuscarawas 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 Tuscarawas is 1.14% which is above the national average, which is 0.99%.
Median Home Price in New Philadelphia, OH
Median Rent in New Philadelphia, OH
Top 5 Reasons to Live in New Philadelphia, OH
Enjoy the great outdoors! Head to Tuscora Park where you'll find everything from a carousel to a ferris wheel to batting cages and miniature golf. For more traditional park-like activities including hiking numerous trails, sports on various athletic fields and a jogging circle, go straight to Mount View Park.
Terrific year-round annual attractions! Celebrate the city's heritage as the first European settlement in Ohio at the annual First Town Days Festival that includes a Grand Parade and an elaborate fireworks display. Join hundreds of other local residents at The Summer Showcase Festival that is held every Saturday from June till August and features concerts on the Town Green.
A shopper's paradise! Why make the drive to Cleveland, the closest city, when you can get all your shopping down at the local New Towne Mall. Here you'll find more than 100 stores including Kohl's and Target. Or, head to Bluebell Drive where you'll find department stores like Walmart and Payless ShoeSource.
Home values shooting to the moon! In just one year, the median home value in New Philadelphia has experienced record growth with an 11 percent increase to $102,100. Because home values are expected to grow steadily over the next three years, there has never been a better time to purchase property in New Philadelphia. When shopping for your dream home, look in a neighborhood like Stone Creek or Ray Ave for the best deals.
Many homes on market for a long time! Because it takes a single-family home in New Philadelphia an average of 110 days to sell, buyers can deduce that the market is in their favor. Furthermore, given that 34 percent of homes for sale have had a price cut and 26 percent have sold below the listing it is obvious that sellers are taking offers below market value. Whether you are looking for a rent to own home or a single-family dwelling, the neighborhoods along Dear Park Drive and Tuscarawas Avenue offer a great selection.