Rent to own Homes in Lake Magdalene, FL
Lake Magdalene, FL is a census designated place located about 20 minutes north of the Old Tampa Bay and, consequently, 20 minutes north of downtown Tampa as well. Living in Lake Magdalene, FL offers you access to the cultural and entertainment opportunities of the Tampa Bay Area while still being able to live in an affordable location. Instead of renting an overpriced apartment in Tampa, take advantage of the low priced homes in Lake Magdalene!
Lake Magdalene, FL is a great place for affordable rent-to-own homes! With a median household income of over $66,623 and a median rent of $1,121, the Lake Magdalene, 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 Lake Magdalene, 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 Lake Magdalene, FL Property Resources
Rent to own Homes in Cities Near Lake Magdalene, FL
- Bardmoor
- Belleair
- Bloomingdale
- Clearwater
- Clearwater Beach
- Dover
- Dunedin
- East Lake
- Egypt Lake-Leto
- Elfers
- Feather Sound
- Fish Hawk
- Gibsonton
- Greenbriar
- Harbor Bluffs
- Holiday
- Hudson
- Kenneth City
- Key Vista
- Lake Magdalene
- Largo
- Lithia
- Lutz
- New Port Richey
- New Port Richey East
- Northdale
- Odessa
- Oldsmar
- Palm Harbor
- Pasadena Hills
- Pebble Creek
- Pinellas Park
- Plant City
- Port Richey
- Progress Village
- Quail Ridge
- Ridgecrest
- River Ridge
- Riverview
- Ruskin
- Safety Harbor
- San Antonio
- Seminole
- South Highpoint
- Sun City Center
- Trinity
- Valrico
- Wesley Chapel
- Westchase
- West Lealman
Neighborhoods in Lake Magdalene, FL
Arlington rent to own homes Brentwood rent to own homes Carrollwood Gables rent to own homes Cherry Creek rent to own homes Hamlet rent to own homes Hunter Lake rent to own homes Lake Magdalene rent to own homes Lake Teakwood Estates rent to own homes North Pointe rent to own homes Reynoldswood Estates rent to own homesPopular Zip Codes in Lake Magdalene, FL
33682 rent to own homes 33618 rent to own homes 33613 rent to own homesBuying a Home in Lake Magdalene, FL
Lake Magdalene, FL is seeing rapid growth and Lake Magdalene, FL's' housing market remains not optimal with an average home price that is 14% above the 2024 national average. Lake Magdalene, 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 Lake Magdalene, FL
Median Rent in Lake Magdalene, FL
Top 4 Reasons to Live in Lake Magdalene, FL
Homes starting at $25,000! The homes of Lake Magdalene, FL are some of the most affordable in the Tampa Bay Area. With listings starting at just $25,000 for both standard homes and rent to own homes, you'd be hard-pressed not to find living arrangements at a great price. Low priced condos are also available for those with a smaller budget. On the other end of the spectrum, the same area offers 4- and 5-bedroom luxury properties.
Close to the University of South Florida! Lake Magdalene is a great place to live for employees and students of the University of South Florida. USF is just a 10 minute drive away, and with Tampa being 20 minutes away, students and employees living in Lake Magdalene can get the best of both worlds. The USF Sun Dome, Soccer Stadium and other sports venues are located all throughout the area and offer some of the best live college sports in the state.
Around 12% home appreciation in the last year! Now is a great time to enter into their housing market. There are still several affordable homes available, however, home prices and demand are steadily rising as more people desire to move to North Tampa and avoid the higher costs of living of the downtown area.
Highly Rated Schools! Lake Magdalene has some of the most highly rated schools in North Tampa, including the Lake Magdalene Elementary School, Miles Elementary School, and Chamberlain and Gaither High Schools. Besides USF, there are many other post-secondary institutions in the area, such as Hillsborough Community College, the Erwin Technical Center and the Keller Graduate School of Management. Offering numerous opportunities for education, plenty of leisure and a low crime rate, Lake Magdalene and North Tampa are excellent places to visit or settle down and plan for the future.