Rent to own Homes in West Melbourne, FL
It is summer year-round in West Melbourne, a city set in the most idyllic location for work and play. A 15 minute commute to various neighborhoods makes the city accessible to everything. To the east of the city is the lovely beach side, to the west are multiple transportation networks, including the I-95 and 192, and to the north is the Melbourne International Airport. West Melbourne is a progressive, economically strong community that has experienced the highest population growth in Brevard County since its incorporation in 1959.
West Melbourne, FL is a great place for affordable rent-to-own homes! With a median household income of over $75,552 and a median rent of $1,353, the West Melbourne, 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 West Melbourne, 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 West Melbourne, FL Property Resources
Rent to own Homes in Cities Near West Melbourne, FL
- Cape Canaveral
- Christmas
- Cocoa
- Cocoa Beach
- Cocoa West
- Indialantic
- Indian Harbour Beach
- June Park
- Malabar
- Melbourne
- Melbourne Beach
- Melbourne Village
- Merritt Island
- Mims
- North Merritt Island
- Palm Bay
- Palm Shores
- Patrick AFB
- Port St. John
- Rockledge
- Satellite Beach
- Sharpes
- South Patrick Shores
- Titusville
- Tropical Park
- Viera East
- Viera West
- West Canaveral Groves
- West Melbourne
Neighborhoods in West Melbourne, FL
Central Park rent to own homes Four Oaks Estates rent to own homes Hunters Creek rent to own homes Industrial Center East rent to own homes Lake Ibis rent to own homes Melbourne Gardens rent to own homes Sheridan Manor rent to own homes Silver Sands rent to own homes Timberlake rent to own homes Westwoods rent to own homesPopular Zip Codes in West Melbourne, FL
32912 rent to own homesBuying a Home in West Melbourne, FL
West Melbourne, FL is seeing rapid growth and West Melbourne, FL's' housing market remains not optimal with an average home price that is 11% above the 2024 national average. West Melbourne, FL is part of Brevard 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 Brevard is 0.87% which is below the national average, which is 0.99%.
Median Home Price in West Melbourne, FL
Median Rent in West Melbourne, FL
Top 5 Reasons to Live in West Melbourne, FL
Ongoing residential development! The city regularly attracts hundreds of new residents per year. To keep pace with this influx, the town consistently engages in property developments. Home buyers will appreciate the many new gated residential neighborhoods offered in many different price ranges. Most are townhouses and condos like those on Henry Avenue, west of the town, and on Monaco Road, toward the north. For detached, spacious homes, buyers may find the Stradford Point neighborhood, near Bradford Drive and Sedgewood Circle, ideal. The median home value in the city is 1.4 percent less than the state average, and 71.2 percent of residents own their homes.
Attractive leasing options! The city's invigorating landscape is a huge lure for business and vacation travelers who are greeted with flexible rental terms. Renters can chose monthly payments and annual leases on vacation homes and rent to own houses. Renters make up 28.8 percent of the rental market, while the vacancy rate is 12.7 percent, which means there are lots of accommodations to meet the needs of individuals with diverse pursuits. Rental options may be found to the east and west of Hollywood Blvd., on Mark Drive and John Hancock Lane.
Numerous gorgeous beaches! More than half-a-dozen gorgeous beaches stretch across the east side of the city. The beach side of town consists of a long strip of land in the middle of the Indian River and Atlantic Ocean. Several causeways connect residents to the beaches. Melbourne Beach Pier and Indialantic Boardwalk are a few minutes apart, but they provide visitors with two uniquely wonderful experiences.
Charming, historic downtown! Toward the southeast end of the city, on East New Haven Avenue, is downtown Melbourne. Visitors can explore many quaint specialty shops, antique stores and funky boutiques. Pink Zebra, on Municipal lane, is one such boutique that boasts handpicked items for everyone's taste.
Most decadent Indialantic! Some of the most satisfying sweet treats are found in West Melbourne. Le Macaron French Pastries on West New Haven Avenue has some of the best lavender and coffee macarons in the area. Not far away is Grimaldi Candies at Waverly Place, which offers chocolate oddities, like chocolate and peanut covered potato chips and pretzels.