Rent to own Homes in New Castle, PA
Home to a little over 23,100 residents, not far from the border of Pennsylvania and Ohio, New Castle, Pennsylvania is an explosive town, literally! Sometimes referred to as the "Fireworks Capital of America," it is home to Pyrotecnico and Zambelli fireworks, two companies who have supplied fireworks for presidential celebrations, Super Bowls, and more. They also supply fireworks for the yearly Fireworks Festival that brings the community out to light up the night sky.
New Castle, PA is a great place for affordable rent-to-own homes! With a median household income of over $35,117 and a median rent of $661, the New Castle, PA 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 New Castle, PA. 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 New Castle, PA Property Resources
Rent to own Homes in Cities Near New Castle, PA
- Barkeyville
- Boyers
- Bruin
- Butler
- Carlton
- Cherry Valley
- Clark
- Clintonville
- Cochranton
- Cooperstown
- Cranberry
- East Butler
- Eau Claire
- Emlenton
- Fairview
- Fombell
- Foxburg
- Franklin
- Fredonia
- Grove City
- Hannasville
- Harrisville
- Hermitage
- Hilliards
- Homeacre-Lyndora
- Jackson Center
- Karns City
- Lake Arthur Estates
- Lyndora
- Meridian
- New Castle
- New Castle Northwest
- New Lebanon
- Petrolia
- Polk
- Portersville
- Pulaski
- Renfrew
- Sandy Lake
- Seneca
- Shanor-Northvue
- Sheakleyville
- Slippery Rock
- Slippery Rock University
- Stoneboro
- Sugarcreek
- Transfer
- Volant
- West Liberty
- West Sunbury
Neighborhoods in New Castle, PA
Downtown New Castle rent to own homes Mahoningtown rent to own homes Cascade And East rent to own homes North Hill Historic District rent to own homes Gaston Park rent to own homesPopular Zip Codes in New Castle, PA
16108 rent to own homesBuying a Home in New Castle, PA
New Castle, PA is seeing rapid growth and New Castle, PA's' housing market remains optimal with an average home price that is -71% below the 2024 national average. New Castle, PA is part of Lawrence 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 Lawrence is 1.55% which is above the national average, which is 0.99%.
Median Home Price in New Castle, PA
Median Rent in New Castle, PA
4 Reasons to Make New Castle Your Next Hometown
Enjoying the great outdoors! New Castle has plenty to do in the spring and summer months, with parks, golf courses, and nature areas aplenty. Swing away at one of the publicly owned courses such as Castle Hills and Tanglewood - the city's own Sylvan Heights course is right on the edge of town. If you're into more active recreation, nearby McConnell's Mill State Park offers whitewater rafting, hiking, biking, fishing, and more. It's a great place to spend a whole day.
Attainable rental prices and home prices! With the median monthly rent coming in at only $420 per month, and a median house sale price of only $88,000, New Castle has a low cost of entry, with housing attainable for all budgets. Whether you want to rent an apartment at grant Street Apartments or rent to own a single-family detached house in Castlewood, you should be able to find a home to fit your budget quite easily.
Vibrant Downtown! From parks, to festivals, to restaurants and shops, Downtown New Castle is always buzzing. Start off walking along the Neshannock Creek in Riverwalk Memorial Park, then enjoy dinner at one of the numerous restaurants in town, including locally-owned favorites such as Four Brothers Urban Bistro and Lanigan's Irish Pub and Eatery. The Veteran's Day and Light Up the Night parades bring large crowds to the downtown area over the summertime. If you're not a huge fan of downtown, there are plenty of activities hosted at Cascade Park in the southeastern corner of town, including festivals and concerts.
Solid, established housing! With 86% of the houses in the city dating back to before 1970, you can be assured that the guts of the houses and foundations of the houses will be rock solid. Whether you are looking smack dab in the middle of town, or in one of the outlying neighborhoods of Sunset Valley or Coaltown, many of the homes for sale you'll see will feature older and highly durable construction methods and materials.