Rent to own Homes in Margate, FL
Location. Between Coral Springs and Pompano Beach, along Highway 814, only a short drive from Boca Raton, you'll find the town of Margate. Easy access to three great cities while avoiding the high cost and traffic congestion. If you're looking for a home to own in the area, you'll be in good company; about 63% of homes in Margate are owned.
Margate, FL is a great place for affordable rent-to-own homes! With a median household income of over $46,460 and a median rent of $1,330, the Margate, 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 Margate, 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 Margate, FL Property Resources
Rent to own Homes in Cities Near Margate, FL
- Aventura
- Bal Harbour
- Bay Harbor Islands
- Biscayne Park
- Boca Raton
- Boulevard Gardens
- Boynton Beach
- Briny Breezes
- Broadview Park
- Coconut Creek
- Cooper City
- Coral Springs
- Country Club
- Dania
- Dania Beach
- Davie
- Deerfield Beach
- Delray Beach
- Hallandale
- Lauderdale-by-the-Sea
- Lauderdale Lakes
- Lauderhill
- Lighthouse Point
- Loxahatchee
- Manalapan
- Margate
- Miami Gardens
- Miami Lakes
- Miami Shores
- North Lauderdale
- North Miami Beach
- Oakland Park
- Ocean Ridge
- Ojus
- Opa-locka
- Palm Springs North
- Pembroke Park
- Pembroke Pines
- Pinewood
- Plantation
- Roosevelt Gardens
- Sea Ranch Lakes
- Southwest Ranches
- Surfside
- Tamarac
- Washington Park
- West Little River
- Weston
- West Park
- Westview
Buying a Home in Margate, FL
Margate, FL is seeing rapid growth and Margate, FL's' housing market remains optimal with an average home price that is -1% below the 2024 national average. Margate, FL is part of Broward 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 Broward is 1.08% which is above the national average, which is 0.99%.
Median Home Price in Margate, FL
Median Rent in Margate, FL
Top 11 Reasons to Live in Margate
Miami Beach. If you want to spend your days on the beach without paying the high price for a Miami Beach apartment, Margate is a great choice. Jump in your car in Margate, 45 minutes later you're on Miami Beach. Want to have your car tuned up so it can make the drive? Check out Margate Auto Center and Ed's Auto Repair.
Cruise hub. While no cruises leave from Margate, they do depart from three ports within a 3.5 hour drive or less. The ports in Tampa, Canaveral and Miami are hubs for all the major cruise lines and Margate provides easy access to all three. Buy bathing suits for your cruise at Xtreme Swimwear and Swimwear 360 in town.
Affordable homes. Unlike Florida hot spots like Orlando and Miami, there are lots of affordable homes in Margate. There are even rent to own houses to choose from. Look in neighborhoods like Fair Gate and City Center. If you want to find a house, the vacancy rate in town is about 12%
Night life. The night life in Miami is so hot there's no end to the songs about it. If that's your scene, it's only 45 minutes away. But you don't have to deal with the noise and traffic when your home is in Margate. Want to go out in town? Check out Jesse's Xtreme Sports Bar or Billy's Pub.
Beaches. When you just want to relax on the beach without all the hype of Miami, Pompano Beach is only 15 minutes away. Buy some nice beach towels at Anna's Linens or BBJ Linen. Want to rent near the beach? About 25% of homes here are rentals, so you won't be the only one!
Great city government. The city government of Margate offers easy access to public services through their website. Lots of small towns have a website, but few make it as easy to find what you need as Margate. Enjoy public services, like parks Winfield Park and Legacy Park.
Canal system. Some parts of Margate, like Fort Lauderdale, has a significant canal system. This allows some resident to keep a boat on a private dock at their home and use the canals to make their way to the ocean. Get supplies for your boat at Star Marine Depot or Claire's Marine Outfitters.
Range of housing options. From condos to single-unit homes to downtown apartments, Margate has a housing option for everyone. There are even rent to own homes in the area. Look at complexes like Gables San Remo and Coral Falls. If you want to rent, expect to pay $973 per month for a one bedroom, on average.
Sun and surf. Florida is known for sunny days and Margate is close enough to the beach for you to take up surfing. This makes for a great mix of outdoor activities and water sports. Enjoy parks like Southgate Park or private clubs like Oriole Golf and Tennis Club.
Seafood. Being so close to the beach, fresh seafood is available in abundance in Margate. Eat at Santos Modern American Buffet or Blue Moon Fish Co. Find yourself a rent to own property nearby to be closer to all the delicious seafood.