Rent to own Homes in University, FL
University is an unincorporated community in Hillsborough County, FL. In 2010, the population stood at 41,163; however, this number is expected to have grown in the last four years. Known as University West, the city is just minutes from the main campus of the University of South Florida. The inclusion of USF in the city helps support the local economy while also providing a first class learning and research institution for local residents.
University, FL is a great place for affordable rent-to-own homes! With a median household income of over $52,731 and a median rent of $1,133, the University, 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 University, 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 University, FL Property Resources
Rent to own Homes in Cities Near University, FL
- Altamonte Springs
- Apopka
- Bay Hill
- Bay Lake
- Belle Isle
- Black Hammock
- Buenaventura Lakes
- Casselberry
- Clarcona
- Conway
- DeBary
- DeLand
- Deltona
- Doctor Phillips
- Eatonville
- Edgewood
- Fairview Shores
- Fern Park
- Forest City
- Goldenrod
- Gotha
- Holden Heights
- Horizon West
- Hunters Creek
- Kissimmee
- Lake Buena Vista
- Lake Mary
- Lake Mary Jane
- Lockhart
- Maitland
- Meadow Woods
- Oak Ridge
- Orlando
- Orlovista
- Osteen
- Oviedo
- Paradise Heights
- Pine Castle
- Pine Hills
- Rio Pinar
- Sky Lake
- Sorrento
- South Apopka
- St. Cloud
- Taft
- Tangelo Park
- Tildenville
- Wekiwa Springs
- Winter Springs
- Zellwood
Buying a Home in University, FL
University, FL is seeing rapid growth and University, FL's' housing market remains optimal with an average home price that is -8% below the 2024 national average. University, FL is part of Orange 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 Orange is 0.94% which is below the national average, which is 0.99%.
Median Home Price in University, FL
Median Rent in University, FL
Top 5 Reasons to Live in University, FL
Plenty to Do! Home to the University of South Florida, residents of the city receive access to all of the school's on campus facilities and nearby attractions. Head to the University of South Florida Botanical Gardens for nearly eight acres of native and tropical plants, butterfly gardens and even a plant shop. Take in a football game at Sun Dome Arena or make the short trip to Tampa to watch the Rays play.
The Suitcase City of America! Because of the high number of transient or temporary residents in University, the city has received the nickname of Suitcase City. Given that the city offers beautiful weather, a thriving economy and is minutes from the University of South Florida, it is not surprising that University receives this moniker.
A Shopper's Paradise! If shopping is your passion, then it is hard to imagine that there is a better city in Florida than University. Since opening in the 1970s, the University Mall has been the shopping hub of the region and is home to more than 150 stores, including Macy's, Sears and Dillards. Head to the downtown district of the city to visit local department stores like Target and Wal-Mart.
Rent Has Never Been Less Expensive! Because moving to a new and unfamiliar city can be daunting and challenging, it is always a good idea to rent first and buy later or go in for a rent to own home. This will allow a newcomer the chance to explore the city and determine where exactly they want to live. Luckily, newbies to University will be surprised by just how affordable the median rent price is at $725. When compared to the Tampa Metro Median of $1200, it becomes obvious that a neighborhood like Gregory Drive or Americana Circle offers some great deals.
Significantly More Affordable than Nearby Cities! The median price of homes that have sold in University is just $35,000; this is significantly less expensive than Lutz at $230,950 and Citrus Park at $185,000. Look for the best deals in a community like Oak Stone Drive or Somerset Park.