Rent to own Homes in Homestead, FL
Superb Subtropical Location! Situated at the door-step of the world-famous Florida Keys, Homestead serves as the major gateway for the sole land access, via legendary route US 1, to Key West. Its close proximity to such entertainment hot-spots, such as renowned Miami South Beach and Bayside Mall, offer world-class attractions. For those looking to relocate to a year-round warm environment, Homestead is well worth a look.
Homestead, FL is a great place for affordable rent-to-own homes! With a median household income of over $50,723 and a median rent of $1,303, the Homestead, FL 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 Homestead, FL. 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 Homestead, FL Property Resources
Rent to own Homes in Cities Near Homestead, FL
- Aventura
- Bal Harbour
- Bay Harbor Islands
- Biscayne Park
- Doral
- El Portal
- Fisher Island
- Florida City
- Fountainebleau
- Gladeview
- Glenvar Heights
- Golden Glades
- Goulds
- Hialeah
- Hialeah Gardens
- Homestead
- Homestead Base
- Indian Creek
- Islandia
- Ives Estates
- Kendall
- Kendall West
- Key Biscayne
- Leisure City
- Medley
- Miami
- Miami Beach
- Miami Springs
- Miramar
- Naranja
- North Bay Village
- North Key Largo
- North Miami
- North Miami Beach
- Ojus
- Olympia Heights
- Pembroke Park
- Pinecrest
- Richmond Heights
- Richmond West
- South Miami
- South Miami Heights
- Sunny Isles Beach
- The Crossings
- University Park
- Westchester
- West Miami
- West Park
- Westview
- Westwood Lakes
Neighborhoods in Homestead, FL
Keys Gate rent to own homes Baywinds rent to own homes Audubon South rent to own homes Oasis rent to own homes Newport rent to own homes Malibu Bay rent to own homes Southwest Homestead rent to own homes Downer Palms rent to own homes Homestead rent to own homes Avocado Park rent to own homesBuying a Home in Homestead, FL
Homestead, FL is seeing rapid growth and Homestead, FL's' housing market remains not optimal with an average home price that is 8% above the 2024 national average. Homestead, FL is part of Miami-Dade 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 Miami-Dade is 1.02% which is above the national average, which is 0.99%.
Median Home Price in Homestead, FL
Median Rent in Homestead, FL
Top 14 Reasons to Live in Homestead, FL
If It's Speed You Want... Homestead-Miami Speedway boasts one of the finest oval race car tracks in the US. It has served as a major stop on the Indy-type open-wheel race circuit for years. It currently serves as the coveted NASCAR season-ending Sprint Championship race in November of every year. Coupled with the nearby roar of departing jet fighters from Homestead Air Force Base, more than 60,000 fans jam the stands and make plenty of their own noise rooting for their favorite drivers.
Median Home Age! The average home in Homestead is 11 years old. Among this group are rent to own houses for added buyer convenience. Homestead experienced an extensive government-assisted renewal program as a result of its near-total devastation from Hurricane Andrew in 1992. The average annual house value appreciation is 3.05%, which is nearly double the US rate.
Low Interest Rates! Rent to own homes are especially attractive owing to currently affordable low mortgage interest rates, in the 4% range. Although Homestead doesn't have its own mortgage broker service, there are lots to choose from in cities nearby.
The Taxman's Share! The average annual property tax rate is 14.71% of assessed property value. This figure is just slightly above the US average. It's certainly nothing to complain about, and sure makes neighborhoods like Modello and South Allapattah happy!
Yummy Food! Who needs big chains? Instead, stop by delicious parts of Homestead for a good old fashioned meal, like the Royal Palm Grill & Deli and Shiver's BBQ!
Regional Shopping Malls! Owing to its close proximity to the metro Miami area, there are many large regional malls that offer one-stop shopping. The most prominent, within a half-hour driving distance from Homestead, are Southland Mall, The Falls, Dadeland Mall and The Shops at Sunset Place in South Miami.
Tasty Cuisine Aplenty! Take your pick whenever dining out is the preferred option. Dade County's influx of cultures from all over the globe has produced many varieties of restaurant menu fare in which Homestead residents can indulge. Conveniently accessible are Chinese, Cuban, Mexican, American, Hispanic and Italian cuisines. Popular local restaurants include Marios Family Restaurant and Casavana Cuban Cuisine.
Alternate Form of Homes for Sale! In addition to rent to own houses, the for-sale-by-owner option is another potentially favorable form of purchasing a house. Zillow lists over 800 for-sale-by-owner homes for Homestead. The area between S Canal Dr. and Palm Dr. has a large number to choose from.
Superior Medical Care! If world-class, nearby medical attention is one of your priorities, the greater Homestead area takes great pride in its abundance of doctors in all medical fields. The Baptist Health Centers of South Florida, with full-care hospital facilities in Homestead, Kendall (Miami), and nearby South Miami, are world-renowned and fully capable of handling any medical circumstance or emergency.
Homes for Rent! If you'd like to sample the neighborhood before electing to establish a permanent household in Homestead, a mix of rental houses and apartments are available. Renters in Homestead pay an average of $1025 a month. Almost 29% of units in Homestead are available for rent.
Parks and Recreation! Year-round parks are plentiful in the surrounding area. Angelo Mistretta Park, Audubon Park and Blakey Park are the most prominent. Biscayne National Park is a nearby offshore saltwater natural coral reef preserve that attracts tourists from all over the world.
Community Centers! For those seeking to host an event, such as a wedding, private party, family reunion or corporate meeting, William F. Dickinson Community Center and Phichol Williams Community Center will gladly accommodate you.
Sports and Fitness! Harris Park, JD Redd Park and Roby George Park are just a few of the many public sports facilities to pursue favorite sporting activities.