Rent to own Homes in Lady Lake, FL
Lady Lake, FL is a small town that is nestled within the larger Orlando Metropolitan Area. The city is conveniently located to the urban area, but it still retains its small town charm. Lady Lake's streets are lined with magnificent old oak trees that are covered with Spanish moss. Citrus has played a major role in the area's economy, and the surrounding area is filled with groves and crystal-clear lakes.
Lady Lake, FL is a great place for affordable rent-to-own homes! With a median household income of over $40,322 and a median rent of $1,056, the Lady Lake, 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 Lady Lake, 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 Lady Lake, FL Property Resources
Rent to own Homes in Cities Near Lady Lake, FL
- Altoona
- Apopka
- Astatula
- Belleview
- Bushnell
- Center Hill
- Clermont
- Coleman
- Eustis
- Ferndale
- Fort Mc Coy
- Fruitland Park
- Grand Island
- Groveland
- Howey-in-the-Hills
- Lady Lake
- Lake Panasoffkee
- Leesburg
- Lisbon
- Marion Oaks
- Mascotte
- Minneola
- Montverde
- Mount Dora
- Mount Plymouth
- Oakland
- Ocklawaha
- Ocoee
- Okahumpka
- Oxford
- Paisley
- Paradise Heights
- Pittman
- Silver Lake
- Silver Springs
- Silver Springs Shores
- Silver Springs Shores East
- Sorrento
- South Apopka
- Summerfield
- Sumterville
- Tangerine
- Tavares
- The Villages
- Umatilla
- Webster
- Weirsdale
- Wildwood
- Yalaha
- Zellwood
Neighborhoods in Lady Lake, FL
Orange Blossom Gardens rent to own homes Water Oaks Country Club Estates rent to own homesPopular Zip Codes in Lady Lake, FL
32158 rent to own homesBuying a Home in Lady Lake, FL
Lady Lake, FL is seeing rapid growth and Lady Lake, FL's' housing market remains optimal with an average home price that is -28% below the 2024 national average. Lady Lake, FL is part of Lake 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 Lake is 0.98% which is below the national average, which is 0.99%.
Median Home Price in Lady Lake, FL
Median Rent in Lady Lake, FL
Top 5 Reasons to Live in Lady Lake, FL
Enjoy Florida Wine! While Florida may not be known for its wine, Lady Lake, FL residents have close access to a variety of local vineyards. The Lakeridge Winery and Vineyards was first founded in 1989, and it sits on 127 acres just outside of town. The winery ranks as one of the top in the state and produces sparkling wines from hybrid grapes and muscadines. The winery is open for regular tours and tastings. Valley View Vineyards is a complete orchard that lets visitors taste a great wine or pick grapes and peaches for home.
Rising Home Values! Between 2013 and 2014, the average home value in Lady Lake, FL increased by more than 15.5 percent to $202,700. Analysts predict that house prices will continue to increase by 4.5 percent over the coming year. Some of the most desirable neighborhoods within the larger community include The Villages and Lake Sumter Landing.
Affordable Housing Options! While nearly 24.9 percent of Orlando homeowners owe more on their property than its worth, only 11.2 percent of Lady Lake property owners are underwater. The city has plenty of rent to own options, and the average median list price is $128 per square foot. As of October 2014, nearly 32.1 percent of the city's listings had experienced a price reduction. For the best values in the area, try Wildwood or Leesburg.
Dining! Lady Lake has plenty of outstanding restaurants. If you're looking for great barbecue and ribs, try the Oakwood Smokehouse and Grill. For freshly cut steaks and great prime rib, check out the Cattle Baron Club. The Bamboo Bistro has Asian cuisine and is known for its dim sum.
Cultural Attractions! If you're searching for fun events, Lady Lake, FL is the place to be. At Uncle Donald's Farm, you can catch a glimpse of the area's agricultural past. The farm is a family-owned operation that has been accommodating visitors since 1980. Tourists can milk a goat, feed a cow or go for a hayride. At the Lady Lake Historical Society Museum, you can catch a glimpse into the history's past. The Old Depot has decorative art, furniture and photographs from the city's past.