Rent to own Homes in Westerly, RI
Considering its location in the most southern and western corner of Rhode Island, Westerly is aptly named. It is the size of a small city, with a population of about 22,000, but it is considered a town made up of several cozy villages. Summer is Westerly's busy time as the home of Westerly Town Beach, Watch Hill Beach, Weekapaug Beach, East Beach, and Misquamicut State Beach. However, year-round residents find the town just as delightful in the other three seasons.
Westerly, RI is a great place for affordable rent-to-own homes! With a median household income of over $75,200 and a median rent of $1,063, the Westerly, 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 Westerly, 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 Westerly, RI Property Resources
Rent to own Homes in Cities Near Westerly, RI
- Amagansett
- Bradford
- Centerbrook
- Chester Center
- Conning Towers Nautilus Park
- Dering Harbor
- East Haddam
- East Lyme
- East Marion
- Essex
- Essex Village
- Fenwick
- Fishers Island
- Greenport
- Greenport West
- Groton
- Groton Long Point
- Lebanon
- Long Hill
- Mashantucket
- Misquamicut
- Montauk
- Moodus
- Mystic
- Napeague
- New London
- Noank
- North Franklin
- Northwest Harbor
- Norwich
- Old Lyme
- Old Mystic
- Old Saybrook
- Old Saybrook Center
- Poquonock Bridge
- Quaker Hill
- Salem
- Saybrook Manor
- Scotland
- Shelter Island
- Shelter Island Heights
- South Windham
- Springs
- Taftville
- Watch Hill
- Waterford
- Weekapaug
- Westbrook Center
- Westerly
- Windham
Neighborhoods in Westerly, RI
No neighborhoods foundPopular Zip Codes in Westerly, RI
02891 rent to own homesBuying a Home in Westerly, RI
Westerly, RI is seeing rapid growth and Westerly, RI's' housing market remains not optimal with an average home price that is 41% above the 2024 national average. Westerly, RI is part of Washington 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 Washington is 1.1% which is above the national average, which is 0.99%.
Median Home Price in Westerly, RI
Median Rent in Westerly, RI
Historical Buildings and Beautiful Beaches Come Together in Westerly, RI
Now is the time to invest! Home values in Westerly have gone up over the past decade, despite property value decreases in the rest of the state. In fact, 2012 median house and condo figures topped $257,000. Historical architecture gives an old-fashioned, quaint feel to the community, but there is plenty of contemporary entertainment for every taste. For dinner, try the 84 Tavern on Canal, then head to Perks & Corks Coffee and Wine Lounge, which features live music most nights.
Find a home in your budget! Considering the idyllic setting and the long list of activities and entertainment available, it's surprising that the average rent to own home is only $974 per month. This gives many more residents in the neighborhood the opportunity to enjoy monthly shows at The Artists' Cooperative Gallery of Westerly, take a lovely walk at Napatree Point, and taste amazing local wine from the Langworthy Farm Winery.
Get your golf on! Outdoor enthusiasts have plenty to celebrate in Westerly. Golfers enjoy the public course at Winnapaug Country Club and those that love the water are right at home during the hands-on sailing experiences offered by Sail Trim Again.
A little touch of history! History doesn't have to be dry, as evidenced by two of Westerly's central attractions. Meticulous restoration has made the Flying Horse Carousel, the oldest carousel in America, shine with its original glory. The Granite Theatre, named for the granite quarries that make up one of the town's biggest industries, is known both for its quality performances as well as its home in a building that dates back to 1846.
Best beer in the state! Beer connoisseurs love the town of Westerly for its clear appreciation of the art of brewing. Tours and tastings are available at Grey Sail Brewing, and local bars and restaurants ensure patrons can sample many more microbrews. For example, The Malted Barley boasts 35 different beers on tap. In fact, all year long, Westerly residents look forward to the annual Craft Beer Festival just a hop, skip, and jump away in Newport, RI.