Rent to own Homes in Temple Terrace, FL
Nestled in Hillsborough County, Temple Terrace is the smallest incorporated community in the region with 24,541 residents. Originally planned as a Mediterranean Revival golf course community, Temple Terrace remains a haven for anyone who enjoys being outdoors. Not only is it home to two premier golf courses, Temple Terrace is also a popular bedroom community for employees at Florida College and nearby University of South Florida.
Temple Terrace, FL is a great place for affordable rent-to-own homes! With a median household income of over $56,209 and a median rent of $1,146, the Temple Terrace, 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 Temple Terrace, 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.
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Rent to own Homes in Cities Near Temple Terrace, FL
- Bardmoor
- Bay Pines
- Belleair
- Bloomingdale
- Clearwater
- Clearwater Beach
- Dover
- Dunedin
- East Lake
- Egypt Lake-Leto
- Elfers
- Feather Sound
- Fish Hawk
- Gibsonton
- Greenbriar
- Gulfport
- Holiday
- Kenneth City
- Key Vista
- Lake Magdalene
- Largo
- Lutz
- New Port Richey
- New Port Richey East
- Northdale
- Odessa
- Oldsmar
- Palm Harbor
- Pasadena Hills
- Pebble Creek
- Pinellas Park
- Plant City
- Port Richey
- Progress Village
- Quail Ridge
- Ridgecrest
- River Ridge
- Riverview
- Ruskin
- Safety Harbor
- San Antonio
- Seminole
- Shady Hills
- South Highpoint
- Sun City Center
- Tarpon Springs
- Temple Terrace
- Thonotosassa
- West Lealman
- Zephyrhills West
Neighborhoods in Temple Terrace, FL
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Temple Terrace, FL is seeing rapid growth and Temple Terrace, FL's' housing market remains not optimal with an average home price that is 6% above the 2024 national average. Temple Terrace, FL is part of Hillsborough 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 Hillsborough is 1.09% which is above the national average, which is 0.99%.
Median Home Price in Temple Terrace, FL
Median Rent in Temple Terrace, FL
Top 5 Reasons to Live in Temple Terrace, FL
Terrific annual events! Because cars are not needed in the community, many residents choose to drive their golf carts to go grocery shopping and elsewhere. Every December, Temple Terrace has a Lighted Golf Cart Parade that encourages local residents to deck out their rides for the holiday. Join many of the city's residents at the annual Winter Wonderland event that includes a snow slide, food vendors, games and a visit from Santa Claus.
A golfer's paradise! Temple Terrace was originally designed to be an all-inclusive golf community that surrounded a beautiful 18-hole course. Although it has since developed into a thriving city, golf is still the most popular recreational activity. Head to either the Temple Terrace Golf & County Club or the Terrace Hill Golf Play to play on two of the most highly rated and sought after courses in the state.
Fantastic local restaurants! Since the 1960s, Lupton's Fat Man's BBQ & Country Cooking has been serving all-you-can-eat buffets of delicious meats with more than a dozen different homemade sauce flavors. For authentic middle eastern food, try a delicious shwarma or lamb kebab from the Green Land Restaurant.
Rising home values! According to Zillow, the median home value in Temple Terrace has risen 7.6 percent in one year to just over $140,000. Best of all, no end for the growth is in sight with home values expected to rise another 2.7 percent in 2015. Whether you are looking to purchase a single family property or find a rent to own home, neighborhoods like Broxburn Avenue and Sanctuary Cove Drive have a lot to offer.
A buyer's market! In Temple Terrace, 43.2 percent of listings have been reduced in price, and 40.5 percent of homes sell below the list price. Beautiful homes are available for a great deal in desirable areas of Temple Terrace like Woodspray Lane and Bullara Drive.