Rent to own Homes in Lake Mary, FL
Located 18 miles north of Orlando, Lake Mary is more than a bedroom community for big city commuters. Over the past 20 years, Lake Mary has become a hotbed of corporate headquarters, playing host to the national office of American Automobile Association (AAA), Mitsubishi Motors and the Verizon Financial Center. With attractive homes, access to major roads and all the modern conveniences, it's clear to see why 13,917 people choose Lake Mary as their home.
Lake Mary, FL is a great place for affordable rent-to-own homes! With a median household income of over $92,441 and a median rent of $1,684, the Lake Mary, 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 Mary, 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 Mary, FL Property Resources
Rent to own Homes in Cities Near Lake Mary, FL
- Altamonte Springs
- Apopka
- Belle Isle
- Bithlo
- Casselberry
- Christmas
- Clarcona
- Conway
- DeBary
- De Leon Springs
- Eatonville
- Edgewater
- Edgewood
- Fairview Shores
- Fern Park
- Forest City
- Geneva
- Glencoe
- Goldenrod
- Gotha
- Heathrow
- Holden Heights
- Lake Helen
- Lake Kathryn
- Lake Mack-Forest Hills
- Lake Mary
- Lockhart
- Longwood
- Maitland
- Mount Dora
- Mount Plymouth
- New Smyrna Beach
- Oak Ridge
- Ocoee
- Orlando
- Orlovista
- Oviedo
- Paisley
- Paradise Heights
- Pine Castle
- Pine Hills
- Port Orange
- Rio Pinar
- Sky Lake
- Sorrento
- South Apopka
- Tangerine
- Union Park
- Wekiwa Springs
- Winter Park
Neighborhoods in Lake Mary, FL
Primera rent to own homes Timacuan rent to own homes Lake Mary rent to own homesBuying a Home in Lake Mary, FL
Lake Mary, FL is seeing rapid growth and Lake Mary, FL's' housing market remains not optimal with an average home price that is 52% above the 2024 national average. Lake Mary, FL is part of Seminole 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 Seminole is 0.81% which is below the national average, which is 0.99%.
Median Home Price in Lake Mary, FL
Median Rent in Lake Mary, FL
Top 6 Reasons to Live in Lake Mary, FL
Great home value and low property tax! Housing prices are higher in Lake Mary than in neighboring areas but it's a worthwhile investment. Most homes were constructed within the past 20 years, putting the median home value at 58.8% higher than the Florida average. Lake Mary also has the lowest property tax rate in Seminole County, so a home with more square footage in the Fairlane Estates or along Rinehart Rd. might be more affordable than a smaller home elsewhere.
Find all you need in Lake Mary! From quick trips for milk to marathon shopping sprees, Lake Mary has it all. Pick up groceries and other necessities from any of the local smart centers or shopping plazas including the Shoppes of Lake Mary. Take a drive up to Seminole Towne Center mall to browse all the brand name retailers and refuel at popular national restaurants.
Surrounded by the great outdoors! Known as "City of Lakes," Lake Mary has plenty of waterfront views, but residents can also take advantage of the city's public green spaces such as Liberty Park or Oaklawn Memorial Park.
High vacancy rate so get your home now! Finding the perfect rent to own home will be easy in most Lake Mary neighborhoods. Rental properties are readily available along Lake Mary Blvd. The 30% average vacancy rate in the urban neighborhoods can be attributed to seasonal vacancies related to the nearby Seminole State College. Several apartment homes in Heathrow may be reserved for corporate relocation as Lake Mary is home to several international corporations
Exquisite dining options for whatever you're craving! Whether it's a casual brunch with friends or an upscale business dinner, Lake Mary serves up world-class cuisine for every occasion. Colonial Town Park features an array of shops, eateries and nightspots, including Dexter's of Lake Mary and The Vineyard Wine Company. Extend your date night by taking in a movie at the AmStar Cinema 12.
Conveniently located to make traveling easy! Getting around and getting away is a breeze with the town's access to major roadways, including Central Florida Greeneway, I-4 and Highway 17-92. Whether commuting to work in Orlando, Sanford or Deltona or just taking a scenic drive over Lake Jessup, the journey will be as pleasant as the destination. Need to take a quick business trip? Grab a flight out of Sanford International Airport.