Rent to Own Homes in York
York has been called an “architectural museum” because its downtown area contains a number of well-preserved historic buildings dating from the mid-1700s to the early 1900s. One of these structures, the Golden Plough Tavern, dates to 1741, the same year the city was founded. York is, in fact, home to no less than four national historic districts.The below results are primarily rent to own homes in York County, PA:
York has been called an “architectural museum” because its downtown area contains a number of well-preserved historic buildings dating from the mid-1700s to the early 1900s. One of these structures, the Golden Plough Tavern, dates to 1741, the same year the city was founded. York is, in fact, home to no less than four national historic districts.The below results are primarily rent to own homes in York County, PA:
Dripping with historical significance, York was where the Articles of Confederation were drafted and adopted, once served as the capital of the United States, and played a significant role during the Civil War. And the York Peppermint Pattie originated in – you guess it – York, PA.
Buying a Home in York
Luxury homes are certainly available in York – you can find homes for over $300,000 – but the median home price is a very reasonable $69,300. There are no less than 63 schools that serve the York area, both public and private. Some schools are rated significantly higher than others, so parents do well to investigate the schools when neighborhood browsing. The median age in York is 30.7, and 34.1% of the population is married, so it’s a good place for singles and young families.
Popular Neighborhoods in York
If you are looking for a family-oriented neighborhood and a good place for school-aged children, you’ll want to check out the Roundtown area. A high concentration of married couples makes this an ideal place for families; it’s easy to socialize and creates a strong sense of community. A large number of college-educated parents contributes to a high academic standard in area schools. Homes here have a strong visual presence, as the area is primarily comprised of large- and medium-sized single family residences. Incomes are among the top 15% in the nation, and the median home price in Roundtown is $274,000.
Another attractive York neighborhood is the Grantley/York College area. York College makes the atmosphere redolent with academia; a nice mixture of renters and owners adds a spice of variety and interest. In fact, a full 34% of residents here are college students. Reservoir Park is a popular place for relaxation for permanent residents, renters, and students. Most homes are established – built in the 40’s, 50’s and 60’s – and are generally three or more bedrooms. Median home price in
this area is $323,000.
Buying vs. Rent to Own Homes
Does York sound good to you? You may already be thinking about making a move. But buying a home requires pre-qualification and money down. Good news for those not ready to take that step: there is another alternative. Many are taking advantage of rent-to-own opportunities. Renters agree to live in a home for a specified period of time, and after that time expires, they have the option to buy. A portion of each month’s rent goes toward a down payment to eventually buy the house. It’s a win-win for everyone: Money in the owner’s pocket, and the possibility of owning a home for the tenants.
Cost of Living in York
If York already sounds like a great place to live, the good news continues: the cost of living in this charming Keystone State city is a whopping 20% below the US average. While health care, transportation, clothing, restaurants, and entertainment all compare favorably to national statistics, the cost of housing is the real winner here: it is more than 60% lower than the national average.
Summary
The facets of this diamond in south-central Pennsylvania are many. Historical significance, a beautiful semi-rural setting, low cost of living, a variety of neighborhoods that offer something for both families and singles, and proximity to several large cities – including the Big Apple itself – all combine to make York worthy of consideration as a place to put down roots.
Rent to Own Realtors
Realtors have more experience with closings and real estate contracts than the typical buyer or seller, but not many of them want to work with rent to own deals. A commission from the sale of a home is much larger than the commission a realtor will receive from rent for the first few years of a lease-option deal.
Instead, visit title companies to make sure the property is eligible for rent to own, consult with a lawyer to ensure that the contract benefits you and meet with a mortgage broker to find out when the buyer will be ready to close on the home.
About Our Listings
When you rent to buy a condo or a townhouse, you’re taking the first step toward becoming a homeowner. You can take advantage of many rent to own by owner programs with no credit check. Having bad credit shouldn’t stop you from owning one of your favorite apartments or houses.
While you lease-option or lease-purchase, you’ll work on improving your credit score and saving up a down payment so that you can qualify with the bank for the house you’re interested in. The bank is frugal with mortgage approvals because they often end up selling foreclosed homes for cheap prices because people cannot afford their mortgage payments.
When you lease to purchase, you’re making yourself into a better candidate for purchasing properties. Check out Rent to Own Lab’s free listings to find properties near me that meet your family’s needs.
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