Rent to own Homes in Bloomingdale, FL
Bloomingdale, Florida, in Hillsborough County, is a growing community of just over 22,000 residents 16 miles from Tampa. Settled by farmers in the 1850s, it was named after the extensive fields of blooming flowers the settlers saw when they first arrived. To this day, the town is still lush with the flora that inspired its early residents and locals are proud of their green spaces. Bloomingdale combines the best of small town living with the culture and amenities of the city.
Bloomingdale, FL is a great place for affordable rent-to-own homes! With a median household income of over $91,821 and a median rent of $1,767, the Bloomingdale, 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 Bloomingdale, 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 Bloomingdale, FL Property Resources
Rent to own Homes in Cities Near Bloomingdale, FL
- Apollo Beach
- Balm
- Bartow
- Bloomingdale
- Bradley Junction
- Brandon
- Brewster
- Carrollwood
- Cheval
- Citrus Park
- Combee Settlement
- Crystal Lake
- Crystal Springs
- Dover
- East Lake-Orient Park
- Egypt Lake-Leto
- Fish Hawk
- Fuller Heights
- Gibsonton
- Highland City
- Lakeland
- Lake Magdalene
- Land O' Lakes
- Lithia
- Lutz
- Mango
- Mulberry
- Northdale
- Palm River-Clair Mel
- Parrish
- Pasadena Hills
- Pebble Creek
- Plant City
- Progress Village
- Riverview
- Ruskin
- Seffner
- Sun City Center
- Tampa
- Temple Terrace
- Thonotosassa
- Town 'n' Country
- Valrico
- Wesley Chapel
- Willow Oak
- Wimauma
- Zephyrhills
- Zephyrhills North
- Zephyrhills South
- Zephyrhills West
Neighborhoods in Bloomingdale, FL
Camelot Woods rent to own homes Indian Hills rent to own homes River Rapids rent to own homes Southwood Hills rent to own homes Bloomingdale rent to own homes Hickory Creek rent to own homes Mason Oaks rent to own homes Parkland Estates East rent to own homes River Ridge Reserve rent to own homesPopular Zip Codes in Bloomingdale, FL
33596 rent to own homesBuying a Home in Bloomingdale, FL
Bloomingdale, FL is seeing rapid growth and Bloomingdale, FL's' housing market remains not optimal with an average home price that is 19% above the 2024 national average. Bloomingdale, FL is part of Hillsborough 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 Hillsborough is 1.09% which is above the national average, which is 0.99%.
Median Home Price in Bloomingdale, FL
Median Rent in Bloomingdale, FL
Top 6 Reasons to Live in Bloomingdale, FL
A great investment! The median home price in Bloomingdale is below the state median home price ($170,000 versus $228,000) and with property values on the rise, this area is ideal for homebuyers to invest in. There are a variety of residences for sale, for rent and for rent to own in Bloomingdale, from charming ranches near Lithia Springs Park to new constructions on the Bloomingdale Golf Course, at a variety of price points.
A great place to live and work. The residents of Bloomingdale are highly educated, with a full 47 percent of them having obtained a Bachelor's degree or higher. Unemployment here is well below the national average - 5.6 percent versus 6.3 percent. The most common industries in which people work are financial services, professional services, education and healthcare. While most residents make the short commute to Tampa on the 301, many work locally in the Bloomingdale Avenue and Bell Shoals Road business districts. A significant percentage of people also work from home.
The best of the great outdoors! Bloomingdale residents benefit from easy access to Alafia State Park, a natural reserve of 6,260 acres, with 17 miles of some of the most challenging bike trails in Florida. The park also offers 20 miles of hiking and equestrian trails, geocaching, canoeing, fishing and camping, including equestrian camping. Alafia State Park is a prime destination for birdwatchers, who commonly spot swallow-tail kites, hawks and kestrels. For those looking for something a little more unconventional to do, Buckhorn Park, on Green Valley Street, has nationally rated disc golf facilities.
Local flavors! Residents of Bloomingdale can get their errands done on Bloomingdale Avenue, then head to Petite Madelyn's Bakery for a sweet treat or pop in to Joel's Pizza for a slice. Just down Bell Shoals Road, you'll find Beef 'O' Brady's, where locals bring their families to eat, catch up on neighborhood happenings and watch the game. For those craving something out of the ordinary, nearby Brandon boasts many international restaurants.
Go Bulls! The people of Bloomingdale love their sports. When they aren't actively participating in sports, they can be found cheering on the Bloomingdale Bulls high school football team or the Bloomingdale All-Stars baseball team.
In demand. Bloomingdale's proximity to Tampa, and the fact that homes here tend to be newer and larger than average, make this a very desirable area. The number of housing units has almost doubled in the past 10 years, attesting to its popularity. However, the area's popularity also means that people looking to move here need to be patient. The vacancy rate for rentals is below 1 percent, while the vacancy rate for owner-occupied dwellings is closer to 5 percent.