Rent to own Homes in Oakland Park, FL
Yearly increases. An investment in Oakland Park housing, including rent to own homes, would have paid off handsomely with a median 26.2% increase in just one year. Values are projected to go up over the coming year by 10.2%.
Oakland Park, FL is a great place for affordable rent-to-own homes! With a median household income of over $53,744 and a median rent of $1,277, the Oakland Park, 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 Oakland Park, 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 Oakland Park, FL Property Resources
Rent to own Homes in Cities Near Oakland Park, FL
- Aventura
- Bal Harbour
- Bay Harbor Islands
- Biscayne Park
- Boca Raton
- Boulevard Gardens
- Boynton Beach
- Briny Breezes
- Broadview Park
- Brownsville
- Coconut Creek
- Cooper City
- Coral Springs
- Country Club
- Dania
- Dania Beach
- Davie
- Deerfield Beach
- Delray Beach
- Hallandale
- Lauderdale-by-the-Sea
- Lauderdale Lakes
- Lauderhill
- Lighthouse Point
- Margate
- Miami Gardens
- Miami Lakes
- Miami Shores
- North Lauderdale
- North Miami Beach
- Oakland Park
- Ocean Ridge
- Ojus
- Opa-locka
- Palm Springs North
- Pembroke Park
- Pembroke Pines
- Pinewood
- Plantation
- Roosevelt Gardens
- Sea Ranch Lakes
- Southwest Ranches
- Surfside
- Tamarac
- Washington Park
- Watergate
- West Little River
- Weston
- West Park
- Westview
Neighborhoods in Oakland Park, FL
Oakland Park rent to own homesBuying a Home in Oakland Park, FL
Oakland Park, FL is seeing rapid growth and Oakland Park, FL's' housing market remains not optimal with an average home price that is 12% above the 2024 national average. Oakland Park, FL is part of Broward 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 Broward is 1.08% which is above the national average, which is 0.99%.
Median Home Price in Oakland Park, FL
Median Rent in Oakland Park, FL
Top 8 Reasons to Live in Oakland Park
Enjoying the parks. The city contains over 180 acres of recreational areas, such as parks. Royal Palm Park boasts four lighted tennis courts, four handball/racquetball courts, a lighted basketball court, and a lighted sand volleyball area. Oakland Park Bark Park ensures dogs receive as much fun and exercise as their owners.
Waiting for the drop. The house prices you see are simply starting points for negotiation. About 33.7% of listings eventually receive a price drop and 30.1% sell for below the list price. Ask a real estate agent if any rent to own houses fit this criteria or for some suggestions in lowering the cost of a home that you want to buy.
Seasonal celebrations. Come October, the city sponsors FallOWeen, which allows kids and adults to compete in a costume contest. In December, residents can enjoy an Evening with Santa, featuring games, holiday crafts, and refreshments.
Affordable value. The median value of all Oakland Park homes, including those that are for sale, under rent to own contracts, and not on the market, is $133,500. (During the bottom of the market in 2011, prices were closer to $90,000.) This is more affordable than the median $187,100 for properties in metropolitan Miami and Fort Lauderdale.
Bargaining for treasures. The city rewards bargain hunters at the Oakland Park Flea Market, which features such merchandise as clothes, jewelry, and wigs. More haggling happens during the Citywide Yard Sale, where you're welcome to both buy or sell used goods.
Paying less. The median list price of city real estate is $144,900. However, the eventual median sale price is lower at $130,500. A bit of negotiating produces this discount of nearly 10%. This price gets you an average home that was built in 1966, has 1,122 square feet, and produces property taxes of $2,930 per year. About 37% of city homes are between 1,000 to 1,400 square feet and 37% are under 1,000. About 38% were built from 1960 to 1979 and only 6% were constructed in the 21st century.
Art of taste. The Culinary Arts District applies creativity to anything related to the kitchen, whether it's edible or something on which to prepare food. The District celebrates fresh produce with the Oakland Park Farmers Market, the only midweek farmers market in the County. It's held every Tuesday. Once a month at the market, the Farm to Chef Showcase allows a local chef to host a cooking demonstration.