Just a few miles south of the World's Most Famous Beach, Edgewater, Florida offers a quiet respite from the Daytona Beach tourist attractions. Its natural setting allows residents to take in beautiful sights, whether they want to boat down the Indian River, explore local parks or head to a nearby beach for a day in the sun. With a local feel, down home charm and growing city center, Edgewater, Florida has something for every member of the family.
Edgewater, FL is a great place for affordable rent-to-own homes! With a median household income of over $49,487 and a median rent of $1,054, the Edgewater, 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 Edgewater, 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.
Edgewater, FL is seeing rapid growth and Edgewater, FL's' housing market remains optimal with an average home price that is -21% below the 2022 national average. Edgewater, 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%.
Edgewater, FL has a walk score of
Edgewater, FL has a bike score of
The state tax rate is 0% on top of the federal tax rate of 10 to 37%.