Sitting just west of Orlando in Lake County, Florida, Clermont occupies 11.5 square miles of land in the central part of the state. The city itself is centered around residential living and is occupied by just over 30,000 inhabitants. After its initial establishment in 1884, Clermont was incorporated in 1916, and its landscape consists of many rolling hills, a feature not found in most of Florida.
Clermont, FL is a great place for affordable rent-to-own homes! With a median household income of over $71,726 and a median rent of $1,460, the Clermont, 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 Clermont, 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.
Clermont, FL is seeing rapid growth and Clermont, FL's' housing market remains not optimal with an average home price that is 20% above the 2022 national average. Clermont, FL is part of Lake 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 2022 for county Lake is 0.98% which is below the national average, which is 0.99%.
Clermont, FL has a walk score of
Clermont, FL has a bike score of
The state tax rate is 0% on top of the federal tax rate of 10 to 37%.