Rent to Own Homes in Chicopee
This city is home to the Westover Air Reserve Base, the Westover Metro Airport and the Chicopee Memorial State Park. It's also less than 15 miles east of the Westfield-Barnes Regional Airport and offers easy access to four major highways leading directly to surrounding cities and states. This southern Massachusetts city is positioned approximately 30 miles north of Hartford, Connecticut and less than 90 miles east of Albany, New York. It's also less than a three-hour drive from many southern New Hampshire cities, making it one of the most well-connected cities for business as well as entertainment and leisure.
More than 7,000 students are served by the Chicopee School District each year. There are three high schools in the city, including Chicopee High School, Chicopee Comprehensive High School and Chicopee Academy. Students also have the option of attending a long list of private schools positioned within the city. Many of these schools are overseen by the Diocese of Springfield. For higher education, the city offers access to a four-year liberal arts college known as the College of Our Lady of the Elms.
Buying a Home in Chicopee?
The median listing price for homes in Chicopee typically stays well under the $200,000 mark. Many buyers pay around $100 per square foot with homes in some select neighborhoods running significantly higher. When browsing the Chicopee real estate market, expect to see the majority of homes sold between the $200,000 and $300,000 price points. You will also see some empty lots that may sell for less than $100,000. The occasional home may sell for $400,000 or more.
If you're interested in spending a bit more to secure a larger home with some luxury amenities, you may need to make a fast offer when you catch the ideal property on the market. Properties in some of the most desirable neighborhoods are known to sell quickly.
Popular Neighborhoods in Chicopee?
One of the most desirable Chicopee neighborhoods is located east of I-391 and northwest of the Chicopee Marketplace. It falls east of Grattan Street and south of Pendleton Avenue, incorporating Chicopee Comprehensive High School. Real estate prices can get close to $200,000 in this area, but it's an established neighborhood with most homes built between 1940 and 1969. The vacancy rate typically stays below 10 percent, and most of the properties are owned by their occupants.
Another popular neighborhood falls south of the Chicopee Country Club and southwest of the Westover Metro Airport. This area is centered around Chicopee Memorial State Park and is mostly north of I-90. You may see home prices up to $250,000 here, but the vacancy rate is low and the community features a mix of mobile homes and single-family homes.
Buying vs. Rent to Own Homes?
The process of buying a home in Chicopee typically starts with asking for pre-approval from a financial institution. This requires a lot of paperwork but helps you determine your maximum spending limit. If you aren't ready to submit to that process, you may want to consider a rent-to-own home. Rather than racing right to the bank, you can start with searching for properties that offer this agreement. You then have the option of moving into your future home as a renter. You will maintain the right to purchase the property at a later date, allowing you to rent your way to ownership.
Cost of Living in Chicopee?
The cost of housing in Chicopee can drop up to 10 percent below the national average at times, but the overall cost of living is typically a bit higher than average. This is due to the above-average price of most goods and services. Most residents also pay a bit more than average for transportation, healthcare and utilities. You can still find affordable homes and it's possible to live comfortably with a limited income, but you will have to select your home carefully and find ways to manage other expenses.
Chicopee is a well-connected southern Massachusetts city located close to two airports and a series of highways. Residents can reach three surrounding states in less than three hours, and some large neighboring cities are less than a 30-minute drive away. This opens many doors for employment, outdoor recreation and entertainment. The city also offers more educational opportunities for elementary, middle and high school students. In addition to a public school system with three high schools, there are many private schools offering high-quality alternatives.
Summary
Chicopee is a well-connected southern Massachusetts city located close to two airports and a series of highways. Residents can reach three surrounding states in less than three hours, and some large neighboring cities are less than a 30-minute drive away. This opens many doors for employment, outdoor recreation and entertainment. The city also offers more educational opportunities for elementary, middle and high school students. In addition to a public school system with three high schools, there are many private schools offering high-quality alternatives.
Rent to Own Realtors
Rent to own is beneficial to both buyers and sellers, but that’s not common knowledge. A lot of people look to realtors as a credible source of information for their counterpart in a rent to own deal about the benefits of the program.
However, you likely won’t find a realtor who is interested in helping you. There’s not a lot of profit for realtors in rent to own deals.
Instead, you’ll have to become a credible expert on the process yourself. Honestly, that’s not a bad thing. It’s better that you know everything you need to about the process you’re investing so much time and money into.
About Our Listings
The free listings for rent to own by owner properties on this website make it easier for buyers to find rent to buy programs near me online.
Rent to buy is a good way to sell apartments or houses when the market isn’t particularly active. It’s certainly a more profitable alternative than selling them for cheap prices.
You can choose to lease-option or lease-purchase a condo, townhouse, etc – anything other than foreclosed homes works. In a lease-option, the buyer has the option to buy the home, but in a lease-purchase, the buyer must buy it.
It’s important to note that lease to purchase deals usually come with no credit check because bad credit is the tenant’s responsibility. If the tenant cannot purchase the home at the end of the lease, the seller keeps their rent and option fee. Then, the seller can find another buyer and, hopefully, market conditions are better.
- 01020
- 01013
- 01022
- 01021
- 01014