Rent to own Homes in Miami, FL
Within the past six decades, Miami has grown from a popular resort town to one of the most famous cities in the world. A major national center of commerce and one of the country's largest seaports, Miami is home to corporate headquarters for Carnival Cruise Lines, Burger King, Bacardi, Benihana, Arrow Air and a host of other industry giants. Its thriving arts scene includes the internationally-famous Miami City Ballet, as well as the Adrienne Arsht Center, the nation's second-largest performing arts complex. This bustling, thriving metropolis is home to 413,892 residents, and many of its most popular, family-friendly residential areas are only minutes away from downtown.
Miami, FL is a great place for affordable rent-to-own homes! With a median household income of over $44,268 and a median rent of $1,242, the Miami, 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, 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 Miami, FL Property Resources
Rent to own Homes in Cities Near Miami, FL
- Bal Harbour
- Bay Harbor Islands
- Dania
- Doral
- El Portal
- Fisher Island
- Florida City
- Fort Lauderdale
- Fountainebleau
- Gladeview
- Glenvar Heights
- Golden Beach
- Golden Glades
- Goulds
- Hallandale
- Hallandale Beach
- Hialeah
- Hialeah Gardens
- Hollywood
- Homestead
- Homestead Base
- Indian Creek
- Islandia
- Ives Estates
- Kendall
- Kendall West
- Key Biscayne
- Leisure City
- Medley
- Miami
- Miami Beach
- Miami Springs
- Miramar
- Naranja
- North Bay Village
- North Miami
- Olympia Heights
- Pinecrest
- Richmond Heights
- Richmond West
- South Miami
- South Miami Heights
- Sunny Isles Beach
- The Crossings
- University Park
- Westchester
- West Miami
- West Park
- Westview
- Westwood Lakes
Neighborhoods in Miami, FL
Liberty City rent to own homes Little Haiti rent to own homes Upper East Side rent to own homes North River Drive Park rent to own homes Venetian Islands rent to own homes Allapattah rent to own homes Coral Way rent to own homes East Little Havana rent to own homes Flagami rent to own homes Overtown rent to own homesBuying a Home in Miami, FL
Miami, FL is seeing rapid growth and Miami, FL's' housing market remains not optimal with an average home price that is 58% above the 2024 national average. Miami, FL is part of Miami-Dade 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 Miami-Dade is 1.02% which is above the national average, which is 0.99%.
Median Home Price in Miami, FL
Median Rent in Miami, FL
Top Reasons to Live in Miami FL
Housing Statistics for Miami These statistics represent rent to own homes, sold and rented houses, and condominiums:
Miami's Local Restaurants Miami is known for its outstanding, world-class restaurants, many of which are internationally renowned. Here are a few of the best known, as well as some local favorites:
Tourist Attractions in Miami As one of the main tourist meccas of the world, Miami is jam-packed with an almost overwhelming number of tourist attractions. Here are a few of the best:
Miami Neighborhoods Miami is famous for its thriving, bustling neighborhoods. Here are a few of the most popular: