Ocean-front property! If you love picturesque views of the ocean, then you will love Delray Beach. Homes along the aptly named Ocean Boulevard will give you the views you want. If canals are more your body of water choice, then a rent to own home in Quiet Vista may be a better choice.
Delray Beach, FL is a great place for affordable rent-to-own homes! With a median household income of over $66,245 and a median rent of $1,600, the Delray 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 Delray 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.
Delray Beach, FL is seeing rapid growth and Delray Beach, FL's' housing market remains not optimal with an average home price that is 37% above the 2022 national average. Delray Beach, FL is part of Palm Beach 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 Palm Beach is 1.02% which is above the national average, which is 0.99%.
Delray Beach, FL has a walk score of
Delray Beach, FL has a bike score of
The state tax rate is 0% on top of the federal tax rate of 10 to 37%.