Rent to own Homes in Callaway, FL

Home to well over 14,000 residents, Callaway is right on the East Bay and only a very short drive to the Grand Lagoon. That's right: residents get to drive past the beach every single day on their way to work. Located adjacent to Panama City, Callaway is the quintessential beach town, so there's never a shortage of things to do. You might have to put up with tourists once in a while, but that's just along the lines of dealing with paparazzi for being a movie star: totally worth it.

Callaway, FL is a great place for affordable rent-to-own homes! With a median household income of over $53,443 and a median rent of $973, the Callaway, 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 Callaway, 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.

Check out Callaway, FL rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
Hot
1 of 8 200 HUGH THOMAS DR
Rent To Own
Grimes Callaway Bayou Estates
Single Family Home
Panama City, FL 32404
3
2
2557 ft2
1988
110 Swan Rd
Rent To Own
 
Single Family Home
Panama City, FL 32404
3
2
1646 ft2
1962
2800 WOODMERE DR
Rent To Own
Forest Park East
Single Family Home
Panama City, FL 32405
4
4
3224 ft2
1991
917 ROSEMONT DR
Rent To Own
Huntingdon Estates
Single Family Home
Panama City, FL 32405
3
2
1869 ft2
1976
3303 COUNTRY CLUB DR
Rent To Own
Country Club Harbour Estates
Single Family Home
Lynn Haven, FL 32444
3
4
3919 ft2
1990
1 of 12 2401 15th st west
Rent To Own
Hursts Replat
Multifamily (2 - 4 Units)
Panama City, FL 32405
8
2
2628 ft2
1952
New
707 W 8th St
Rent To Own
Lynn Haven
Single Family Home
Lynn Haven, FL 32444
4
2
1642 ft2
1974
117 Glades Turn Panama
Rent To Own
Panama City Beach
Single Family Home
Panama City Beach, FL 32407
3
2
1636 ft2
1993
1 of 50 1440 DOVER RD
Rent to Own Eligible
Point Donalson
Townhouse/Condo
Panama City, FL 32404
5
3
2624 ft2
1950
341 ALLIE WAY
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
4
3
2676 ft2
2021
1325 RIVA CT
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
3
2
2025 ft2
1982
940 S BERTHE AVE
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
3
2
1501 ft2
1975
1 of 99 5129 STRATFORD AVE
Rent to Own Eligible
Parker
Single Family Home
Panama City, FL 32404
3
2
1860 ft2
1953
226 SENECA AVE
Rent to Own Eligible
 
Single Family Home
Panama City, FL 32404
3
2
1734 ft2
2020
523 S HIGHWAY 22 A
Rent to Own Eligible
Parker
Single Family Home
Panama City, FL 32404
2
2
1226 ft2
1985
1434 S KIMBREL AVE
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
3
2
1012 ft2
1985
Hot New
5136 LAKE DR
Rent to Own Eligible
Parker
Single Family Home
Panama City, FL 32404
4
3
1664 ft2
1958
1 of 117 511 BOB LITTLE RD
Rent to Own Eligible
Martin Bayou Estates
Single Family Home
Panama City, FL 32404
3
2
1320 ft2
1962
New
104 CARRIAGE RD
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
4
3
2106 ft2
2021
7732 SHADOW BAY DR
Rent to Own Eligible
Shadow Bay
Single Family Home
Panama City, FL 32404
3
2
2234 ft2
1997
7310 CLAUDIAS WAY
Rent to Own Eligible
Jones Meadow Subdivision
Single Family Home
Panama City, FL 32404
3
2
1296 ft2
2002
4900 E 4TH ST
Rent to Own Eligible
Parker
Townhouse/Condo
Panama City, FL 32404
1
2
774 ft2
1986
New
201 BRIDGE HARBOR DR
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
4
4
2766 ft2
2019
7505 MELODY LN
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
4
2
2192 ft2
1985
108 N CHARLENE DR
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
2
1
1184 ft2
1973
722 JOAN LN
Rent to Own Eligible
Towne & Country Lake Estates
Single Family Home
Panama City, FL 32404
3
2
1248 ft2
1993
1 of 150 5204 JOSHUA LN
Rent to Own Eligible
Summer Lace
Single Family Home
Panama City, FL 32404
2
2
1386 ft2
2005
1 of 38 368 BRIDGE HARBOR DR
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
4
2
1807 ft2
2020
351 HIGHBROOK RD
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
4
2
1788 ft2
2021
New
601 S BERTHE AVE
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
3
3
1520 ft2
1983
1 of 85 238 HUGH THOMAS DR
Rent to Own Eligible
Grimes Callaway Bayou Estates
Single Family Home
Panama City, FL 32404
4
2
2077 ft2
1980
1 of 110 126 H L SUDDUTH DR
Rent to Own Eligible
Lannie Rowe Lake Estates
Single Family Home
Panama City, FL 32404
4
3
2515 ft2
1972
6400 E HIGHWAY 22
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
3
2
1990 ft2
1954
5626 N LAKEWOOD DR
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
3
2
1479 ft2
1969
6808 FORSYTHE DR
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
4
2
1918 ft2
1994
535 MILLS LN
Rent to Own Eligible
 
Single Family Home
Panama City, FL 32404
4
5
3477 ft2
2001
295 SUKOSHI DR #B
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
2
2
918 ft2
1983
1 of 14 6212 LANCE ST
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
3
2
1030 ft2
1980
1 of 50 121 PARKER VILLAGE CIR
Rent to Own Eligible
Parker
Single Family Home
Panama City, FL 32404
2
2
1296 ft2
1994
1 of 64 6229 E HIGHWAY 98
Rent to Own Eligible
Long Point Park
Single Family Home
Panama City, FL 32404
3
2
1628 ft2
1952
4940 S LAKEWOOD DR
Rent to Own Eligible
Lakewood
Single Family Home
Panama City, FL 32404
3
2
1470 ft2
1959
1 of 33 235 S KIMBREL AVE
Rent to Own Eligible
Callaway
Single Family Home
Panama City, FL 32404
4
2
1854 ft2
1974
28 WOOD AVE
Rent to Own Eligible
Long Point Park
Single Family Home
Panama City, FL 32404
3
2
1440 ft2
1948
1 of 69 6507 WINONA ST
Rent to Own Eligible
Callaway
Townhouse/Condo
Panama City, FL 32404
3
2
1230 ft2
1978
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Buying a Home in Callaway, FL

Callaway, FL is seeing rapid growth and Callaway, FL's' housing market remains optimal with an average home price that is -29% below the 2024 national average. Callaway, FL is part of Bay 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 Bay is 0.61% which is below the national average, which is 0.99%.

Median Home Price in Callaway, FL

Median Rent in Callaway, FL

Rent to own homes offer low monthly payments and flexible terms.

Top 3 Reasons to Live in Callaway, FL

Historically low purchase prices! Many beachfront cities took a huge hit when the recession occurred, and Callaway wasn't immune. While the home values in America tumbled nearly 5 percent in the last half decade, valuations in Callaway fell over 20 percent. This, however, is great news for those looking for a mortgage in the city or seeking rent to own houses. Because of the drop in values, home prices in the city are over 30 percent lower than the national average, but this past year alone has seen a nearly 4 percent increase in values. This means whether you get a place near Parker or adjacent to Old Bicycle Road, you'll be purchasing a house at a great price with a value that is consistently rising.

Never-ending recreational activities! Seriously, there's really always something to do in the area. Even ignoring the fact that residents can visit the beach and Panama City whenever they want, they also have several parks nearby. Patterson Park, Veterans Park, Collinfurst Park and several others are really within walking distance. The Callaway Recreational Complex is also a short trip from anywhere in the city. And if you're looking for a hot cup of coffee, check out the conveniently located Starbucks on Tyndall Parkway.

Extremely low property taxes! In addition to low home prices, rising valuations and beachfront property, Callaway also has some of the lowest property tax rates you'll come across. In fact, the rate in the city is nearly 45 percent lower than the national average. Whether you use these savings for daily trips down Highway 22 to visit Panama City or for a nice weekly jaunt down to the Saint Andrews State Park Aquatic Preserve, you'll definitely be able to find something to do with these extra dollars in your pocket.