Rent to own Homes in Port St. Lucie, FL
Gorgeous, alluring and set right beside the beach, Port St. Lucie, Florida, is where many people dream of living. It doesn't just have to be a dream, though, especially with the low cost of living and even lower cost of home ownership. It's a relatively sleepy community filled with families and retirees, but it also boasts a number of interesting attractions, not the least of which is the Atlantic Ocean. Additionally, there's the Spring Run Golf Club for active folks, the Village Green Shopping Center for fashion fans, and the Torrey Pines Institute for Molecular Studies, which will bring in up to 30,000 new jobs for this city. Port St. Lucie is also beloved for its excellent schools, low crime and attentive law enforcement. It's these reasons and more that have led to the population explosion, an 85 percent increase since 2000.
Port St. Lucie, FL is a great place for affordable rent-to-own homes! With a median household income of over $62,380 and a median rent of $1,485, the Port St. Lucie, 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 Port St. Lucie, 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 Port St. Lucie, FL Property Resources
Rent to own Homes in Cities Near Port St. Lucie, FL
- Fellsmere
- Florida Ridge
- Fort Pierce
- Fort Pierce North
- Fort Pierce South
- Gifford
- Hobe Sound
- Hutchinson Island South
- Indian River Estates
- Indian River Shores
- Indiantown
- Jensen Beach
- Jupiter Island
- Lakewood Park
- North River Shores
- Ocean Breeze
- Ocean Breeze Park
- Palm City
- Port Salerno
- Port St. Lucie
- Rio
- River Park
- Sewall's Point
- South Beach
- St. Lucie Village
- Stuart
- Vero Beach
- Vero Beach South
- Wabasso
- Wabasso Beach
- West Vero Corridor
- White City
- Winter Beach
Neighborhoods in Port St. Lucie, FL
The Lakes at Tradition rent to own homes Town Park at Tradition rent to own homes The Landing at Tradition rent to own homes Corporate Place at Tradition rent to own homes Heritage Oaks rent to own homes Seasons at Tradition rent to own homes Victoria Parc rent to own homes The Estates at Tradition rent to own homes Tradition Square rent to own homes Tradition Center for Innovation rent to own homesPopular Zip Codes in Port St. Lucie, FL
34985 rent to own homes 34988 rent to own homes 34984 rent to own homes 34986 rent to own homes 34952 rent to own homes 34983 rent to own homes 34953 rent to own homesBuying a Home in Port St. Lucie, FL
Port St. Lucie, FL is seeing rapid growth and Port St. Lucie, FL's' housing market remains not optimal with an average home price that is 3% above the 2024 national average. Port St. Lucie, FL is part of St. Lucie 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 St. Lucie is 1.24% which is above the national average, which is 0.99%.
Median Home Price in Port St. Lucie, FL
Median Rent in Port St. Lucie, FL
Top Reasons to Live in Port St. Lucie FL
Housing Statistics The median price for a home in Port St. Lucie is about $97,900, which is well below the national average. This city has lots of gated communities and subdivisions that are attractive and cater to elevated income levels, and yet they're affordable. For those individuals interested in home ownership but not yet ready to invest, rent to own houses can skip the wastefulness of renting by investing in a value-accruing structure. Port St. Lucie is popular with homeowners first; they make up 67 percent, with renters taking up 20.6 percent. There is a large vacancy rate for homes, at 11.6 percent. This means there are lots of properties to compare before buying. The vacancy rate for apartments is lower but still robust, at around 8 percent.
Largest Employers and Industries Port St. Lucie is not known for its expansive network of employers and industries. In fact, the unemployment rate is still unfortunately higher than the national average at around 10.5 percent. The brand new Torrey Pines Institute for Molecular Studies should help bring those numbers down in the near future. And the city is focused on bringing in new businesses to jump start the community. The St. Lucie County School District is the largest employer currently, employing 4,000 individuals. Wal-Mart is the next largest, with 2,105. Liberty Medical Supply also contributes paychecks to 1,670 workers within the city.
Weather and Climate This is Florida, so the weather is undeniably beautiful, with sunny days nearly every day of the year. It is a subtropical climate, which means there is considerable precipitation. Almost 50 percent of the days in the year see some rain, but often it is only for a brief period in the middle of the day. Rain also helps keep temperatures cooler, which is great because it can get quite hot out here. Fortunately, the beach is close, and a dip in the water is always wonderful. Summer temperatures reach into the 90s routinely, and the humidity can make it feel even hotter. Winters are mild and lovely, however, rarely dipping below 50 degrees and generally enjoying 70-degree days. Ultimately, the generally good weather has helped Port St. Lucie become a popular vacation destination, and that's why so many people are flocking to the city each year.
Neighborhoods Port St. Lucie is an entrancing location that's perfect for families. Its population is exploding, with an 85 percent increase over the last 10 years. No matter where you live in this city, you will have the advantage of being very close to a body of water, whether it's the St. Lucie River or the Atlantic Ocean. Just expect to pay a premium to get a property that actually overlooks the water.