Saratoga Springs, NY Rent To Own Homes

Rent-to-Own Homes in Saratoga Springs, NY: What You Need to Know

Named in honor of the abundance of natural springs in this area, Saratoga Springs is a beautiful city located in Upstate New York. The cost of living is high but ensures top-rated schools for your children and quiet neighborhoods. There is plenty to see and do, especially if you love nature. Consider Saratoga Springs when looking to rent to own in New York!

Cost of Living

Overall, it costs 23% more to live in Saratoga Springs when compared to the rest of the United States. Utility prices are, however, 10% cheaper than the national average, and healthcare is 1% less. Housing prices are 88% higher. The median home price here is $654,000. Just over half the housing units are owner-occupied. The median rent for a 979 square-foot apartment is $1,701 per month. One-bedroom apartments usually cost around $1,437 per month, while two-bedrooms are about $1,932 per month. 

Schools and Higher Education

Saratoga Springs has many top-tier schools available. There are 51 public schools, teaching 32,000 students. The Saratoga Springs public school system is one that has some of the best-rated schools in the state. The maths and reading scores achieved by these students are higher than the state average, as well. There are 16 private schools located here for consideration. Nearly 2,000 students are enrolled in private education in Saratoga Springs.

Things to Do in Saratoga Springs, NY

Saratoga Springs is known for its natural beauty. Whether you are a visitor or permanent resident, you must take a trip to Saratoga Lake. The lake offers boating, fishing, and paddling, though you can always take a dip or sunbathe on the dock. There are also 21 mineral springs available to the public. Many offer private tasting tours of the natural waters. If you are traveling with a young child, you must visit the Children’s Museum at Saratoga for a fun, hands-on day-trip. 

Weather and Climate 

Saratoga Springs offers its residents the full four-season experience. The summers are humid and warm, while the winters are ice-cold. It is partly cloudy all year. The coldest month here is January, with an average low of 13°F. July is the warmest month, with temperatures often peaking at 83°F. Saratoga Springs sees an annual 139 rainy days, with about 45” of rain. July is the wettest month of the year.

Know Your Neighborhoods

Country Knolls is home to just over 2,000 residents and is widely considered one of the best places to live in all of New York. The residents are mainly retirees who enjoy the peaceful, rural environment and top-rated public schools. The median home value is $287,000 and 99% of the population owns their home. 

Ballston Spa is home to 5,400 residents who are mainly young professionals and retirees. Ballston Spa has a quiet suburban environment and top-rated public schools. The median home value is $222,200 and just over half the residents own their homes. The median rent is $1,001.