Rent to own Homes in Tallahassee, FL
Tallahassee, the capital of Florida, is a small city with a population of about 182,000. This city counts agriculture, trade, manufacturing and high tech among its main industries. Much scientific research is conducted in Tallahassee. In fact, the city has the largest high-powered magnetic research facility in the world -- the National High Magnetic Field Laboratory. Other places of interest in the Floridan Panhandle city include Alfred B. Maclay Gardens State Park, Challenger Learning Center, the Florida State Capitol Building, and Lake Munson.
Tallahassee, FL is a great place for affordable rent-to-own homes! With a median household income of over $46,461 and a median rent of $1,022, the Tallahassee, 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 Tallahassee, 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 Tallahassee, FL Property Resources
Rent to own Homes in Cities Near Tallahassee, FL
Neighborhoods in Tallahassee, FL
Magnolia Heights rent to own homes Evergreen Terrace rent to own homes Arvah Branch rent to own homes Penny Lane rent to own homes Park Brook Circle rent to own homes Royal Oaks rent to own homes Lakeshore rent to own homes Lake Breeze rent to own homes Linene Woods rent to own homes Huntington Estates rent to own homesBuying a Home in Tallahassee, FL
Tallahassee, FL is seeing rapid growth and Tallahassee, FL's' housing market remains optimal with an average home price that is -2% below the 2024 national average. Tallahassee, FL is part of Leon 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 Leon is 0.89% which is below the national average, which is 0.99%.
Median Home Price in Tallahassee, FL
Median Rent in Tallahassee, FL
Top Reasons to Live in Tallahassee FL
Housing Statistics In the past year, the median home sales price fell by 6.5 percent to $144,950. The number of houses sold in the most recent one-month period was 1,022 homes, marking an increase of 23% from July 2013 to August 2013. The overall vacancy rate is 7.7 percent, and for rentals alone, it is 2.1 percent. These numbers look promising for anyone moving to the area looking to own a home by taking advantage of a rent to own home opportunity. Families will find plenty of home options in Tallahassee as there are a large number of homes, several within the 4 and 5 bedroom house category.
Tourist Attractions Tallahassee has many unforgettable tourist attractions. The Columns, now home to the Tallahassee Chamber of Commerce, is the oldest building in the area. Free tours are offered at the historic Capitol building. Known as "The Old Capitol," the Neoclassic structure is listed on the National Register of Historic Places. For a historical look a little further into the past, visit the Goodwood Museums and Gardens. While the main house is currently decorated to reflect how it looked during World War I, the grounds served as an important cotton plantation in the 1800s, and are now a museum displaying artifacts such as textiles, glassware and porcelain.
Local Shopping Tallahassee has a host of fantastic shopping venues. In the Tallahassee Mall and Governor's Square Mall, you'll find national chains galore. These spacious malls also have plenty of dining and entertainment options as well. For a more local shopping experience, head to the Historic Shops at Lake Ella for Quarter Moon, Head over Heels, The Bicycle Shop and Lake Ella Barber Shop. The stores are located in a picturesque setting, with Lake Ella sprawled just in front of the mall itself.
Neighborhoods Tallahassee consists of a number of smaller neighborhoods within the city. Most of the neighborhoods are largely known as single-family home areas, with plenty of nature in the surrounding areas. To get a better feel for the different neighborhoods, and which may be best for you, you'll want to do some comparison shopping: