Rent to own Homes in Asbury Park, NJ
Asbury Park is a city on the beach with a heritage steeped in culture and the arts. Located in Monmouth County, Asbury Park is situated on the Atlantic Ocean, with Deal and Wesley Lakes along its borders. The city first gained its acclaim as a seaside resort area. It embraced the golden years with a boardwalk, carousel and amusements that all enjoyed from 1888 and a century following. Later, an artistic renaissance emerged, with Asbury Park becoming a musical and residential venue.
Asbury Park, NJ is a great place for affordable rent-to-own homes! With a median household income of over $53,655 and a median rent of $1,292, the Asbury Park, NJ 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 Asbury Park, NJ. 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.
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Rent to own Homes in Cities Near Asbury Park, NJ
- Avon-by-the-Sea
- Bay Head
- Beachwood
- Belford
- Belmar
- Brownville
- Cliffwood
- Cliffwood Beach
- Colts Neck
- Deal
- Dover Beaches South
- East Brunswick
- East Freehold
- Eatontown
- Farmingdale
- Fort Monmouth
- Hazlet
- Highlands
- Holiday Heights
- Interlaken
- Keansburg
- Keyport
- Lakehurst
- Leisure Knoll
- Leisure Village West
- Leonardo
- Little Silver
- Long Branch
- Manasquan
- Marlboro
- Middletown
- Monmouth Beach
- Monroe Township
- Neptune City
- Oakhurst
- Ocean Gate
- Ocean Grove
- Oceanport
- Parlin
- Perth Amboy
- Pine Beach
- Port Monmouth
- Red Bank
- Rumson
- Sayreville
- Shrewsbury
- Wanamassa
- West Belmar
- West Long Branch
- Yorketown
Neighborhoods in Asbury Park, NJ
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Asbury Park, NJ is seeing rapid growth and Asbury Park, NJ's' housing market remains not optimal with an average home price that is 83% above the 2024 national average. Asbury Park, NJ is part of Monmouth 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 Monmouth is 1.63% which is above the national average, which is 0.99%.
Median Home Price in Asbury Park, NJ
Median Rent in Asbury Park, NJ
Top 4 Reasons to Live in Asbury Park, NJ
The beach and boardwalk! What greater appeal does Asbury Park have than the Atlantic Ocean itself? The Asbury Park Boardwalk adjacent to the water is another draw, with retro buildings of the past still intact. McLoone's Asbury Grille rises up from sea grasses like a crown, in the former Howard Johnson building. Splash Park is a colorful water park with mini golf facilities.
Oceanfront living! How would it be to wake up every morning to the roar of the Atlantic Ocean? It is possible in Asbury Park, where the rent to own market in condominium living is located right on Ocean Avenue. A balcony facing the ocean and its breeze each morning can be a delight. For those who prefer single-family homes, charming seaside houses await just blocks from the water, on 1st Avenue, 2nd Avenue, 3rd Avenue, 4th Avenue and higher. The mean prices for homes in Asbury Park for 2011 was estimated at $364,000.
Music and culture! Big names like Bruce Springsteen, Bon Jovi, The Ramones, The Clash, Clarence Clemons, Southside Johnny and the Asbury Jukes, and many more, have helped Asbury Park to gain appeal and recognition as a musical mecca. Many had their start at The Stone Pony, a legendary music venue recognized worldwide. The Asbury Park Convention Hall and Paramount Theatre are historic venues on Ocean Avenue. The Premier Theatre Company's home in the Paramount, the place where Frank Sinatra once played.
Quieter areas of town! For those seeking space away from the beachfront, homes for rent are available on Deal Lake Drive. Asbury Avenue is another neighborhood, with shady trees lining the streets with Victorian style homes closer to the ocean. Within a short distance, residents can walk, bike or drive to retail areas away from the shore. According to statistics, real estate values in Asbury Park have appreciated more than $200,000 from 2000 to 2012, with the average home valued at approximately $385,000.