Rent to own Homes in Pinewood, FL
The majority of Pinewood was part of Miami after the city annexed it in 1925. Then, after the Great Depression arrived, it went back to being unincorporated. Even after being jettisoned by its flashy neighbor, Pinewood has done well for itself. In fact, housing prices have grown much more quickly in the city in the recent past than at any time in the previous decade.
Pinewood, FL is a great place for affordable rent-to-own homes! With a median household income of over $39,839 and a median rent of $1,158, the Pinewood, 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 Pinewood, 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.
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Rent to own Homes in Cities Near Pinewood, FL
- Dania
- Doral
- El Portal
- Fisher Island
- Fort Lauderdale
- Fountainebleau
- Franklin Park
- Gladeview
- Glenvar Heights
- Golden Beach
- Golden Glades
- Goulds
- Hallandale
- Hallandale Beach
- Hialeah
- Hialeah Gardens
- Hollywood
- Homestead
- Homestead Base
- Indian Creek
- Islandia
- Ives Estates
- Kendall
- Kendall West
- Key Biscayne
- Lazy Lake
- Leisure City
- Medley
- Miami
- Miami Beach
- Miami Springs
- Miramar
- Naranja
- North Bay Village
- North Miami
- Olympia Heights
- Pinecrest
- Richmond Heights
- Richmond West
- South Miami
- South Miami Heights
- Sunny Isles Beach
- Sunrise
- The Crossings
- Washington Park
- Westchester
- West Miami
- West Park
- Westview
- Westwood Lakes
Neighborhoods in Pinewood, FL
Pinewood Park rent to own homesPopular Zip Codes in Pinewood, FL
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Pinewood, FL is seeing rapid growth and Pinewood, FL's' housing market remains optimal with an average home price that is -5% below the 2024 national average. Pinewood, 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 Pinewood, FL
Median Rent in Pinewood, FL
Top 3 Reasons to Live in Pinewood, FL
Quickly rising home valuations! Pinewood may have been hit hard during the Great Depression, but it also suffered a similarly difficult time during the 2008 Great Recession, during which housing prices dropped substantially. Fortunately for residents and potential residents, this trend is reversing. In fact, home values in the area are up nearly 17 percent in the past year alone. For those interested in buying a property convenient to the North Shore Medical Center or a rent to own home adjacent to Highway 924, a great investment opportunity exists in great priced houses that are currently rising in value.
It's summer all year long! The climate in Pinewood stays within a comfortable range year round, but it's the fact that typically "summer" activities can be enjoyed all year that's special about South Florida. For those who like to relax while fishing, Silver Blue Lake is smack in the center of Pinewood. You can also enjoy a nice day out or picnic at Arcola Lakes Park by just driving just a bit south. For those who really like to hit the water, though, the ocean is less than 10 minutes away by car if you head down any eastward street until you hit the beach.
Affordable houses in area! Even though the last year has shown substantial increases in property values in the area, this doesn't put Pinewood out of financial reach for many people. In fact, housing prices in the city are nearly 20 percent lower than the national average. This means a substantial savings for those who purchase property in the neighborhood. Whether you use this additional money for daily visits to the O Cinema Miami Shores or save up a little to head down Interstate 95 and visit Miami, you'll know that you definitely earned these little adventures by being a wise real estate investor.