Rent to own Homes in Princeton, FL
Princeton, Florida, is the perfect spot if you'd like to be near Miami, but don't want to deal with the hustle of big city life. The town, established in the early 1900s, was named after Princeton University. Princeton's founders painted many of the buildings orange and black, the university's colors. Lumber from the area was used for much of the development in South Florida. Today, Princeton is home to just over 10,000 people and is mere minutes from both Homestead and Miami.
Princeton, FL is a great place for affordable rent-to-own homes! With a median household income of over $64,901 and a median rent of $1,377, the Princeton, 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 Princeton, 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 Princeton, FL Property Resources
Rent to own Homes in Cities Near Princeton, FL
- Aventura
- Bal Harbour
- Bay Harbor Islands
- Biscayne Park
- Doral
- El Portal
- Fisher Island
- Florida City
- Fountainebleau
- Gladeview
- Glenvar Heights
- Golden Glades
- Goulds
- Hialeah
- Hialeah Gardens
- 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 Key Largo
- North Miami
- North Miami Beach
- Ojus
- Olympia Heights
- Pembroke Park
- 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 Princeton, FL
Princeton rent to own homesPopular Zip Codes in Princeton, FL
33092 rent to own homesBuying a Home in Princeton, FL
Princeton, FL is seeing rapid growth and Princeton, FL's' housing market remains not optimal with an average home price that is 28% above the 2024 national average. Princeton, 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 Princeton, FL
Median Rent in Princeton, FL
Top 5 Reasons to Live in Princeton, FL
Safety near the big city! Inside the limits of this census designated place, a peaceful and laid-back life awaits. Stay west of the Florida Turnpike for the best real estate options, and look for rent to own homes from Southwest 147th Avenue to Southwest 12th Avenue, and from Southwest 232nd Street to State Road 821.
Handy location to local shops! Princeton offers convenient access to a variety of stores, business and restaurants. True Value Hardware Store is a short distance away, along with gas stations and eateries located on the shopping strip of South Dixie Highway, which crosses through Miami, Princeton, Naranja and Homestead in a span of just a few miles.
Residential amenities! Many small areas don't have the range of services new residents want, but Princeton has its fair share. The town is the home of the Miami-Dade County Fire Control Headquarters and is located just down the street from Fire Rescue Station 5. Princeton residents and business owners never have to worry about being caught in a catastrophe, thanks to these services.
Green spaces! Residents who want to escape from the rigors of daily life and enjoy nature can stop at Princetonian Park, near Southwest 127th Avenue and Southwest 128th Avenue, or visit the Princeton Canal, which is broken up into two main sections, one on either side of South Dixie Highway. There's also a cemetery, Silver Green Cemetery, located in a secluded spot just off of Hennessy Drive.
Friendly, affordable neighborhoods! Residents who live near the South Allapattah Road and Princetonian Park neighborhoods may pay higher prices to live in these communities, but they'll still save money. Homes in both neighborhoods are less expensive than those in nearby Miami, in terms of both purchase and rental prices. The median gross rental rate is $1,349, while the median house value is $126,616.