Rent to Own Homes in Trenton
According to the most... Read More
According to the most recent United States Census, the population of Trenton is just over 85,000 residents. Sadly, Trenton has endured its share of hardships through the years. North Trenton has never fully recovered from the damage it received during a series of riots following the assassination of Martin Luther King, Jr. in 1968. Yet, despite these difficulties, the city continues to embrace its own rich history and has several historic districts which are popular local attractions.The below results are primarily rent to own homes in :
According to the most... Read More
According to the most recent United States Census, the population of Trenton is just over 85,000 residents. Sadly, Trenton has endured its share of hardships through the years. North Trenton has never fully recovered from the damage it received during a series of riots following the assassination of Martin Luther King, Jr. in 1968. Yet, despite these difficulties, the city continues to embrace its own rich history and has several historic districts which are popular local attractions.The below results are primarily rent to own homes in :
Despite its large population, Trenton Central High School remains the only traditional public high school in the city. This is due to a thorough overall of the city's public school system which was created to improve the quality of public education in Trenton. The effort is ongoing and has resulted in the creation of better schools. Trenton Central High is located in the city's East Ward near the Trenton Transit Center.
Buying a Home in Trenton
Economic hardships have contributed to a median home price in Trenton of $113,000, far below the national index. The average mortgage payment, however, is considerably high in proportion, costing homeowners almost $1,500 per month. While there are values to be had in the city for prospective home buyers, homes in some areas are ill-advised purchases due to neglect.
Only 30% of homes in Trenton are owner-occupied. Roughly 85% of homes in Trenton were built after 1990, and the housing units in the city are evenly mixed between medium-sized family dwellings and single bedroom units.
Popular Neighborhoods in Trenton
Those considering the purchase of a home in Trenton must consider that the city has been ranked as the 4th most dangerous city in the U.S. by crime rate. This means that buyers should take special care in researching different neighborhoods. The Robbinsville neighborhood on the city's east side is one of the safest, but homes cost almost three times the city median. The White Horse neighborhood on the south side of Trenton offers a more economical housing solution as well as some of the lowest crime rates in the city.
Buying vs. Rent to Own Homes
Purchasing a home in most markets can be challenging for the first-time buyer, and this is especially true in Trenton. Not only are there difficulties to be faced with securing a traditional mortgage, there is also the need to perform due diligence to insure a home is worth the asking price. A rent to own home can often make good financial sense. The buyer is allowed to apply a portion of their monthly rent to eventual ownership and can take their time determining if the home is right for them without making a large investment.
Summary
Trenton, New Jersey is a suburb of the New York metro area and is also the capital of the state. Its colorful history includes a stint as a capital of the United States. While the city has suffered numerous economic hardships, there is still a sense of pride that reveals itself in long-standing family businesses and institutions. Trenton has made great strides in improving its local economy and school system, and some areas of the city offer nice opportunities for home ownership.
Rent to Own Realtors
You can plan a party without an event planner, you can go swimming without a lifeguard, and you can rent to own without a realtor.
That’s important because there isn’t as much money for realtors in rent to own deals as in traditional sales. Therefore, finding a realtor to help you is rare.
While the listed activities might be easier with a professional, they’re all possible without one. To successfully rent to own without a realtor learn all you can about it.
About Our Listings
It’s in the bank’s best interest to avoid foreclosed homes because they end up having to sell them cheap to recoup lost money. So, they try to play it safe with mortgage approvals by steering clear of people with bad credit.
That doesn’t help someone who’s working on getting their credit together to buy a condo or a townhouse. Nonetheless, rent to buy programs can help people work toward purchasing houses and apartments with no credit check.
The free listings on our site are usually rent to own by owner, so deals are more reasonable and trustworthy than big company lease to purchase properties are. Whenever you’re ready just look for lease-option or lease-purchase homes near me on the Rent to Own Labs website.
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