Rent to own Homes in Wright, FL
With spectacular year round weather and beautiful scenery, living in Wright has been compared to living in a resort community. Considered by AreaVibes as one of the most livable cities in Florida, Wright receives a high score of 76 because of its access to local amenities, entertainment and restaurants, all within a one mile radius. The low cost of living and stable housing market make Wright one of the fastest growing cities in the state, with a population estimated at 23,127 as of the 2010 US Census.
Wright, FL is a great place for affordable rent-to-own homes! With a median household income of over $52,604 and a median rent of $1,083, the Wright, 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 Wright, 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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Wright, FL is seeing rapid growth and Wright, FL's' housing market remains optimal with an average home price that is -12% below the 2024 national average. Wright, FL is part of Okaloosa 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 Okaloosa is 0.65% which is below the national average, which is 0.99%.
Median Home Price in Wright, FL
Median Rent in Wright, FL
Top 5 Reasons to Live in Wright, FL
Easy Access to Local Museums! Wright is home to the Air Force Armament Museum that pays tribute to the military's contributions to the air industry. Not only is it home to more than 25 planes, weapons and artifacts, but it is a free museum that even has a flight simulator. Learn about the Southeastern tribes of Florida with a visit to the Indian Temple Mount Museum on Miracle Strip Pkwy SE in Wright.
Delicious Food! At one time, Wright was a popular fishing community because it is just 10 minutes from the shore. Today, that tradition continues at the Coach-n-Four Steakhouse, where delicious seafood entrees are made to order fresh daily. If seafood isn't your thing, head to Sonny's BBQ for slow smoked meats smothered in a sweet and tangy sauce.
Price Cuts Galore! Not only have 47.6% of listings had a price cut, but 26.1% have sold below the list price. Snag a great deal on a single family home, condo or townhouse in popular communities like Frank Lloyd Wright Way and Wright Boulevard.
Entertainment for Any Age! Relive your childhood with a trip to Goofy Golf to perfect your shortage on a challenging and fun mini-golf course. Before leaving, be sure to try their delicious homemade ice cream. Head to White Sands Bowling Center to perfect the art of rolling a perfect game while chowing down on pizza and soft drinks.
Median Sales Price on the Decline! During the height of the market in 2006, the median sale price of a home in Wright was nearly $220,000; however, that figure has dropped to $162,705. With experts predicting that the market should rebound, now is the perfect time to purchase a home that will increase in value. Top neighborhoods for rent to own homes include Gulf Shore Drive and Longwood.