Rent to own Homes in Miami Beach, FL

Miami Beach, Florida, is a popular destination site for tourists who enjoy beach vacations. It was first incorporated as a municipality in 1915 and quickly grew to become one of the most visited areas in the United States during the 20th century. Its Art Deco district, which has the largest collection of Art Deco architecture in the world, has been recognized as a national historic site since 1979. Miami Beach also hosts one of the largest art shows in the United States, Art Basel Miami Beach, every December.

Miami Beach, FL is a great place for affordable rent-to-own homes! With a median household income of over $57,211 and a median rent of $1,432, the Miami Beach, 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 Miami Beach, 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.