Rent to own Homes in Fort Walton Beach, FL
Stretching along the coastline of Northern Florida, Fort Walton Beach is known as the jewel of the Florida Panhandle. The sandy white beaches and clear emerald waters of this seaside community have been luring settlers since the 16th century. Surrounded on three sides by the Gulf of Mexico and Choctawhatchee Bay, it's easy to see what appeals to the town's 20,000 residents. With ample shopping, dining and vibrant nightlife, Fort Walton Beach lives up to its motto as A City on the Move.
Fort Walton Beach, FL is a great place for affordable rent-to-own homes! With a median household income of over $54,311 and a median rent of $991, the Fort Walton 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 Fort Walton 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.
More Fort Walton Beach, FL Property Resources
Rent to own Homes in Cities Near Fort Walton Beach, FL
Neighborhoods in Fort Walton Beach, FL
Seabreeze rent to own homes Kenwod rent to own homes Ferry Park rent to own homes Oakland rent to own homes Northwest rent to own homes South Bayou rent to own homes Beal Parkway rent to own homes East Miracle Strip rent to own homes W. E. Combs rent to own homes Garniers Beach rent to own homesPopular Zip Codes in Fort Walton Beach, FL
32549 rent to own homesBuying a Home in Fort Walton Beach, FL
Fort Walton Beach, FL is seeing rapid growth and Fort Walton Beach, FL's' housing market remains optimal with an average home price that is -7% below the 2024 national average. Fort Walton Beach, FL is part of Okaloosa 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 2024 for county Okaloosa is 0.65% which is below the national average, which is 0.99%.
Median Home Price in Fort Walton Beach, FL
Median Rent in Fort Walton Beach, FL
Top 4 Reasons to Move to Fort Walton Beach, FL
An abundance of outdoor activities! Miles of public beaches along Okaloosa Island offer residents and visitors plenty of opportunities for boating, diving and snorkeling, parasailing or water skiing -- as well as lazy sunbathing and sunset strolls. Locals make good use of the Fred Hedrick Athletic Complex, which provides recreational programs, multipurpose fields for sports, a playground and picnic areas.
Lower cost of living! Resort-style living doesn't have to come at a high cost. Fort Walton Beach's cost of living is lower than the national average at 6.4 percent, which means residents of the area can spend less on necessities and more on waterfront property in the Cinco Bayou or Ocean City neighborhoods. With median home prices less than the national average by 9.4 percent, the dream of living the stress-free beach life is much closer to reality.
More rental opportunities! As a tourist destination, Fort Walton Beach is subject to more vacancies due to the many seasonal residents. With a current vacancy rate of 12.5 percent and a median rental rate that is approximately 5 percent less than the Florida average, newcomers are more likely to find rent to own homes to fit their price range. Even as real estate prices tend to be higher for homebuyers looking along Eglin Parkway or the Miracle Strip, rental house prices are notably lower than the state average.
Fresh seafood dining! If you've got a craving for mahi mahi, you'll love the huge selection of highly rated seafood restaurants in Fort Walton Beach. Crabs and oysters top the menus, but diners can find a dish for any appetite and budget. Enjoy a fried oyster sandwich and hush puppies at Stewby's Seafood Shanty or opt for a date night splurge on the Gulf Steamer for two at Old Bay Steamer. Satisfy that sweet tooth with a treat down at Cupcakery By the Sea.