DeBary, Florida was named after wealthy wine merchant, Frederick deBary, after he purchased 400 acres of land on Lake Monroe in 1871. DeBary built a 20-room hunting lodge with a two-tiered veranda and a fireplace in each room. The estate was reduced to 10 acres, and the mansion was listed on the National Registry of Historic Places in 1972. Today, it has been restored as a museum.
DeBary, FL is a great place for affordable rent-to-own homes! With a median household income of over $71,554 and a median rent of $1,123, the DeBary, 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 DeBary, 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.
DeBary, FL is seeing rapid growth and DeBary, FL's' housing market remains not optimal with an average home price that is 7% above the 2022 national average. DeBary, 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%.
DeBary, FL has a walk score of
DeBary, FL has a bike score of
The state tax rate is 0% on top of the federal tax rate of 10 to 37%.