Daytona Beach, Florida, sits about 50 miles from Orlando and 90 miles from Jacksonville in Volusia County. The city, which is home to more than 61,000 people, is part of the Deltona-Daytona Beach-Ormond Beach metro area. It's also the largest city on Florida's Fun Coast. Known for its beaches and excellent motorsports, this area is the ideal place to rent to own when you want to enjoy the sun and the sand every day. You can rent homes here affordably while having the opportunity to live in a top tourism destination.
Daytona Beach, FL is a great place for affordable rent-to-own homes! With a median household income of over $38,686 and a median rent of $979, the Daytona Beach, 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 Daytona Beach, 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.
Daytona Beach, FL is seeing rapid growth and Daytona Beach, FL's' housing market remains optimal with an average home price that is -24% below the 2022 national average. Daytona Beach, FL is part of Volusia 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 Volusia is 0.92% which is below the national average, which is 0.99%.
Daytona Beach, FL has a walk score of
Daytona Beach, FL has a bike score of
The state tax rate is 0% on top of the federal tax rate of 10 to 37%.