Rent to own Homes in East Providence, RI
Surrounded by History! The John Hunt House is believed to have been built around 1750 and is now a local museum and the home of the Historical Society. The Philip Walker House is the second oldest in the state and was rebuilt in 1679 after being burned to the foundation in the war of 1676.
East Providence, RI is a great place for affordable rent-to-own homes! With a median household income of over $63,158 and a median rent of $988, the East Providence, RI 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 East Providence, RI. 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 East Providence, RI Property Resources
Rent to own Homes in Cities Near East Providence, RI
- Assonet
- Attleboro
- Attleboro Falls
- Barrington
- Bellingham
- Bristol
- Central Falls
- Chepachet
- Clayville
- Cranston
- Cumberland
- Cumberland Hill
- Dighton
- East Douglas
- East Providence
- Fall River
- Foster Center
- Foxboro
- Foxborough
- Franklin
- Greene
- Greenville
- Harrisville
- Hopedale
- Hopkinton
- Mansfield Center
- Medfield
- Middletown
- Milford
- Millis
- Millis-Clicquot
- Millville
- Norfolk
- North Attleborough Town
- North Westport
- Norton
- Norton Center
- Oakland
- Raynham Center
- Seekonk
- Sharon
- Somerset
- South Walpole
- Stoughton
- Swansea
- Taunton
- Walpole
- Whitinsville
- Woonsocket
- Wrentham
Neighborhoods in East Providence, RI
Rumford rent to own homes Riverside rent to own homes Boyden Heights rent to own homes Chimney Corners rent to own homes East Providence rent to own homes Watchemocket rent to own homes Kent Corners rent to own homes Phillipsdale rent to own homes Phillipsdale Historic District rent to own homes Kent Heights rent to own homesPopular Zip Codes in East Providence, RI
02914 rent to own homes 02916 rent to own homes 02915 rent to own homesBuying a Home in East Providence, RI
East Providence, RI is seeing rapid growth and East Providence, RI's' housing market remains not optimal with an average home price that is 7% above the 2024 national average. East Providence, RI is part of Providence 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 Providence is 1.31% which is above the national average, which is 0.99%.
Median Home Price in East Providence, RI
Median Rent in East Providence, RI
10 Reasons to Live in East Providence, RI
Lovely Neighborhoods! Riverside is located in the southern portion of the city and home to the Crescent Park Amusement Center. Rumford is in the northern part of the city and was once actually part of the state of Massachusetts.
Local Events! The East Providence Heritage Fest has been a community mainstay for more than 30 years. Every summer vendors, artists, and chefs gather for an art and cultural extravaganza. The city also hosts an annual tree lighting event and 4th of July fireworks display.
Dining Around Town! The Sun & Moon Korean Restaurant is locally owned and operated and offers an authentic taste of Korean cuisine. Davenport's Restaurant consistently receives high praise for its seafood chowder, chicken pot pie, and chicken florentine pizza.
Musical Life! The Rhode Island Philharmonic Orchestra is located in East Providence and provides private lessons, classes, and many concerts throughout the year. The local Recreation Department hosts Summer Concerts at the Rose Larisa Memorial Park every Thursday evening.
Unique Shopping! American Rare Coin is owned and operated by a professional coin appraiser who buys and sells rare coins. Gallery Belleau features hand blown glass art created by the owner as well as work by other artisans.
Play in the Park! No matter which rent to own property you are interested in, you're sure to end up near a beautiful park, as all housing in East Providence is surrounded by this natural beauty. The Blackstone Valley Bikeway runs between parks and along the Central Pond, providing cyclists with a safe and beautiful paved path. Squantum Woods is made up of nearly 30 acres of grassy and wooded areas as well as picnic and grilling areas. Willett Avenue Pond has a large pond that is stocked each spring by the Rhode Island Department of Environmental Management. Nearby Waterplace Park and Roger Williams Park are part of the more than 1200 acres of park systems in the downtown Providence area.
Great Location! East Providence rent to own homes are in a central location and are a great choice for those who wish to work in the surrounding areas. The city is only minutes away from I-95, which leads directly to Boston, Massachusetts.
Booming Economy! There are many job opportunities for people interested in the rent to own houses in East Providence. The Rhode Island Hospital is located only ten minutes away and is one of the largest employers in the area. Other national businesses located in the vicinity include Bank of America, Brown University, and Citizens Bank.
Be a Good Sport! The area of East Providence is surrounded by sports teams. Hockey fans will want to cheer for the AHL's Providence Bruins. Rugby fans can get excited about the USARL's Rhode Island Rebellion.