Rent to own Homes in Morristown, NJ
Morristown is filled with historical and cultural points of interest. With more than 18,000 residents, Morristown is Morris County's county seat. Historically, Morristown is an important site for American Revolution enthusiasts, and was nicknamed the Military Capital of the American Revolution. George Washington truly slept in Morristown, as his headquarters and encampment was there. Throughout the town are many locations important to the revolution, still well marked. Additionally, Morristown is a vital location for shopping, service providers, corporations, government, local business, and the state-of-the-art Morristown Medical Center.
Morristown, NJ is a great place for affordable rent-to-own homes! With a median household income of over $111,130 and a median rent of $1,941, the Morristown, 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 Morristown, 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.
More Morristown, NJ Property Resources
Rent to own Homes in Cities Near Morristown, NJ
- Brookside
- Carteret
- Connecticut Farms
- East Brunswick
- East Franklin
- East Millstone
- Elizabeth
- Fords
- Franklin Center
- Franklin Park
- Green Knoll
- Harrison
- Hibernia
- Hillsborough
- Hopelawn
- Kearny
- Kenilworth
- Kenvil
- Lamington
- Linden
- Llewellyn Park
- Macopin
- Madison
- Manville
- Mendham
- Menlo Park Terrace
- Middlebush
- Millington
- Millstone
- Mount Arlington
- North Brunswick
- North Haledon
- Parlin
- Paterson
- Perth Amboy
- Plainfield
- Pluckemin
- Port Reading
- Preakness
- Rutgers University Busch Campus
- Rutgers University Livingston Campus
- Sayreville
- Secaucus
- Society Hill
- Somerset
- South Bound Brook
- Springfield
- Succasunna
- Weston
- Wyckoff
Neighborhoods in Morristown, NJ
Morristown rent to own homesPopular Zip Codes in Morristown, NJ
07963 rent to own homesBuying a Home in Morristown, NJ
Morristown, NJ is seeing rapid growth and Morristown, NJ's' housing market remains not optimal with an average home price that is 120% above the 2024 national average. Morristown, NJ is part of Morris 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 Morris is 1.62% which is above the national average, which is 0.99%.
Median Home Price in Morristown, NJ
Median Rent in Morristown, NJ
Top 5 Reasons to Live in Morristown, NJ
It's teeming with history! Early American history comes alive in Morristown. Morristown National Historical Park oversees the area where George Washington, Marquis de Lafayette and Alexander Hamilton once walked. George Washington stayed at the Ford Mansion with wife Martha and their servants, while his Continental Army endured the harsh winter elements in 1779 at nearby Jockey Hollow.
Take advantage of the Green! The Morristown Green is a 2.5-acre asset in Morristown and a central point for festivals, concerts and other ceremonies and events. It is the site of George Washington's first headquarters at Arnold's Tavern in 1777--prior to the mansion. Many local businesses surround the Green, government offices, restaurants, and organizations. The Seeing Eye is one organization, which helps to train Seeing Eye Dogs and is less than two miles from the Green.
Generously sized homes! Charming rent to own houses and homes for sale are plentiful in Morristown. One neighborhood is the Butterworth Drive section, with sizable single-family residences with ample property. Sussex Avenue is another prominent location with expansive houses on abundant tracts of land. Some of these properties are near the Whippany River Watershed Area and the Patriots' Path, which is part of the Morris County Park system. The Patriots' Path is a highly rated network of trails for recreational activities.
Decadent dining experiences! Morristown is revered for its dining options, and steakhouses are favorites in Morristown. Roots Steakhouse is one popular destination and J and K Steakhouse on South Street in the downtown area is another. Japanese, Italian, French, Afghani, Continental, Thai and casual New American options like The Famished Frog are hot spots in town.
Downtown living! For those who prefer the metropolitan living environment and quicker pace, there are some options in Morristown's Downtown, reminiscent of New York City. Mount Kemble Avenue offers luxurious rental houses. Old Harter Road boasts single-family classic homes in a quieter neighborhood.