Rent to own Homes in Palm Springs, FL
Palm Springs was originally established in 1957 as a small village with only a 700-acre dairy farm and barn. That barn is now the Christ Community Church, and in just 30 years, Palm Springs has grown in size to over 10,000 residents in a 1.6 square mile area of land. Today, the population is up to 20,342 as of 2012.
Palm Springs, FL is a great place for affordable rent-to-own homes! With a median household income of over $47,808 and a median rent of $1,228, the Palm Springs, 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 Palm Springs, 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 Palm Springs, FL Property Resources
Rent to own Homes in Cities Near Palm Springs, FL
- Acacia Villas
- Atlantis
- Boca Raton
- Boynton Beach
- Briny Breezes
- Cabana Colony
- Coconut Creek
- Coral Springs
- Deerfield Beach
- Delray Beach
- Glen Ridge
- Golf
- Greenacres
- Gulf Stream
- Gun Club Estates
- Haverhill
- Highland Beach
- Hillsboro Beach
- Hillsboro Pines
- Hypoluxo
- Juno Beach
- Juno Ridge
- Jupiter
- Jupiter Farms
- Jupiter Inlet Colony
- Jupiter Island
- Kenwood Estates
- Lake Belvedere Estates
- Lake Park
- Lakewood Gardens
- Lake Worth Beach
- Lantana
- Lighthouse Point
- Limestone Creek
- Loxahatchee
- Loxahatchee Groves
- Manalapan
- Mangonia Park
- Ocean Ridge
- Palm Beach Gardens
- Palm Springs
- Plantation Mobile Home Park
- Royal Palm Estates
- South Palm Beach
- Stacey Street
- Tequesta
- The Acreage
- Watergate
- Wellington
- West Palm Beach
Neighborhoods in Palm Springs, FL
Village Green rent to own homes Palm Springs Village rent to own homes Anna Johns Estates rent to own homes Bryant Park rent to own homes Laguna Park rent to own homes Lake Echo rent to own homesPopular Zip Codes in Palm Springs, FL
33461 rent to own homesBuying a Home in Palm Springs, FL
Palm Springs, FL is seeing rapid growth and Palm Springs, FL's' housing market remains optimal with an average home price that is -26% below the 2024 national average. Palm Springs, FL is part of Palm Beach 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 Palm Beach is 1.02% which is above the national average, which is 0.99%.
Median Home Price in Palm Springs, FL
Median Rent in Palm Springs, FL
6 Reasons to live in Palm Springs, FL
Enjoy beach life and warm sunny weather! There are over a dozen beaches within a 15-30 minute drive from Palm Springs offering year-round life-guarded swimming areas, seven days a week. R.G. Kreusler Park is the closest beach at only 5.4 miles from Palm Springs, so be prepared to enjoy a plethora of activities well-suited for the outdoor beach lover, including swimming, paddle boarding, surfing, volleyball, fishing and kayaking.
It's a shopper's delight! With easy access to high-end, quality shops in nearby downtown City Place or Worth Avenue in Palm Beach, there is something to please everyone. After you've filled up your shopping bags, you can feed those hunger pangs at one of the trendy eateries nearby, including Tin Fish, a local favorite on Clematis Street in West Palm Beach, where you can buy tasty fish and chips.
High owner occupancy rate! At 82.2%, Palm Springs has a high ratio of owner-occupied homes. The rental rate of 31% in comparison shows that most people prefer to live in a home they own. That said, the rental vacancy rate is a comfortable 8%, so there are plenty of homes for rent in the area. Look for homes near Lake Arbor and Lake Palmerito for great views.
Hike, camp and ride for miles! Explore all 22 miles of natural hiking and horseback riding trails, including the Florida National Scenic Trail, in the Lake Region and Western Palm Beach. If you enjoy hunting, there is a local recreational season nearby.
Over 300 rent to own listings! Palm Springs listings include everything from one bedroom, one bath condos to three bedroom, two bath single homes, there is literally something for everyone looking to move into this Palm Beach County village. Check out homes along Davis Rd and Alemeda Dr.
The Arts and Culture thrive here! Whether you prefer Museums, like the South Florida Science Museum, or live shows, like those performed by the Crest Theatre MNM Productions at the Delray Beach Center for the Arts, there is much to do and see in the greater Palm Springs area.