Rent to own Homes in Holbrook, NY
Holbrook, New York is a small town situated just outside Brentwood. Holbrook has a current population just under 30,000 and is within throwing distance of the Long Island McArthur Airport. Holbrook is known for its friendly residents, community events and delicious local food including That Meatball Place and The Village Idiot Pub. Residents of all ages will find something to love in Holbrook!
Holbrook, NY is a great place for affordable rent-to-own homes! With a median household income of over $111,250 and a median rent of $1,918, the Holbrook, NY 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 Holbrook, NY. 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 Holbrook, NY
- Aquebogue
- Baiting Hollow
- Bayport
- Belle Terre
- Bellport
- Brookhaven
- Calverton
- Center Moriches
- East Moriches
- East Patchogue
- Eastport
- East Quogue
- East Shoreham
- Farmingville
- Fire Island
- Flanders
- Gordon Heights
- Hampton Bays
- Hauppauge
- Holbrook
- Islandia
- Islip
- Jamesport
- Lake Ronkonkoma
- Laurel
- Manorville
- Mastic
- Mastic Beach
- Mattituck
- Medford
- Middle Island
- Miller Place
- Moriches
- Mount Sinai
- Northampton
- North Bellport
- Patchogue
- Port Jefferson Station
- Ridge
- Shirley
- Shoreham
- Smithtown
- Sound Beach
- Stony Brook
- Stony Brook University
- Terryville
- Village of the Branch
- Wading River
- Westhampton
- Westhampton Beach
Neighborhoods in Holbrook, NY
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11741 rent to own homesBuying a Home in Holbrook, NY
Holbrook, NY is seeing rapid growth and Holbrook, NY's' housing market remains not optimal with an average home price that is 83% above the 2024 national average. Holbrook, NY is part of Suffolk 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 Suffolk is 1.7% which is above the national average, which is 0.99%.
Median Home Price in Holbrook, NY
Median Rent in Holbrook, NY
Top 5 Reasons to Live in Holbrook, NY
Home values are on the rise! Many neighborhoods in Holbrook are seeing dramatic increases in home values. The average value of a Holbrook home has nearly doubled since 2000 from just over $170,000 to almost $350,000 in 2012. The neighborhoods of Town Center and Broadway Ave have seen the greatest increases; the home values are projected to continue to rise for the next several years.
Diverse fun for all ages! Holbrook is full of fun activities for residents of all ages. The Hopton Brewtique offers high-quality beers brewed right on the premises suitable for the taste of any beer-lover. The Emporium offers live music and bowling for all-ages fun. The Holbrook Country Club offers tennis, golf and other sporting activities.
A rich cultural history! Holbrook was first founded in 1697 when William Nicoll purchased the land from local Native Americans. The first church, St. John's Lutheran, was built in 1860 and is still standing today. Holbrook maintained a small town feel until the 1960s, when the L.I. Expressway was opened. This encouraged rapid growth in the town but residents still celebrate the rich cultural history of the town with the Wildlife and Ecology Center and the Country Fair Park.
Low property taxes! Residents of Holbrook can benefit from low property taxes on local homes. In 2012, the average property tax in Holbrook was 1.9 percent. Low property taxes makes Holbrook a great area for rent to own purchases. Up and coming neighborhoods include Timber Ridge and Parkland.
Majestic scenery! Holbrook offers stunning views year-round, but is particularly brilliant during the fall when oranges and reds burst onto the scene. Each season brings its own brand of beauty to one of the oldest and most historical towns in New York. The scenery is particularly brilliant on Union Ave and at the Holbrook Country Club.