Rent to own Homes in Key West, FL
Key West, Florida, is one of the most highly visited Florida Keys. This community is 129 miles long with many popular attractions. The entire town is made up of small tropic-like communities, shopping centers, water parks and busy night clubs. Key West is home to key lime pie, one of the most cooling summer desserts, and some of the most prestigious golfing greens in the state.
Key West, FL is a great place for affordable rent-to-own homes! With a median household income of over $73,029 and a median rent of $1,877, the Key West, 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 Key West, 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.
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Rent to own Homes in Cities Near Key West, FL
Neighborhoods in Key West, FL
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33041 rent to own homes 33045 rent to own homes 33040 rent to own homesBuying a Home in Key West, FL
Key West, FL is seeing rapid growth and Key West, FL's' housing market remains not optimal with an average home price that is 216% above the 2024 national average. Key West, FL is part of Monroe 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 Monroe is 0.53% which is below the national average, which is 0.99%.
Median Home Price in Key West, FL
Median Rent in Key West, FL
Top 6 Reasons to Live in Key West, Florida
Sunny days are always here! With sunny weather all year, Key West attracts tourist to its numerous resort-styled attractions. Parrot Key and Ocean Key Resorts are two of the most visited resorts, with Parrot Key offering stunning oceanic views from a towering full-service facility and Ocean Key providing a bit more privacy with a location on a private island just off the coast of Key West.
Be part of the "IT" community! Key West, Florida is home to some of the wealthiest people in America, with gated community homes beginning at $1 million for a 3-bedroom home. People with large budgets and exquisite taste can sign up to buy these homes pre-contruction or purchase them directly for sale by the owner. Look for options in the neighborhoods of The Meadows and Old Town.
Golf with the best of them! Key West is home to the Key West Golf Club, one of the largest golfing greens in the area. So large it's referred to as a neighborhood, Key West Golf Course is an 18-hole, 200-acre golfing wonderland full of twists, turns, hills and waterways.
Enjoy picnics all year round! Key West is green throughout every season. Monroe County Parks and Beaches is one of the largest park and beaching areas in Key West with multiple sporting areas and lots of space to run. South Beach Park is another great picnic spot and one of the most visited parks on the island.
Large homes! While there is a very wealthy area within the island, these homes are usually purchased by real estate developers and celebrities. Other homes in the Key West neighborhood are just as beautiful and sell for much less. Some residents choose to save even more by seeking homes for rent, with a 1,600 square foot 3-bedroom home renting for $1,600 on average. Look for homes on Eaton St. or Front St.
The best Cuban cuisine in Florida! In Key West, the most popular Cuban item is the Cuban sandwich, found at nearly every Cuban eatery in the island. Two shops that give this sandwich the best presentation and their own unique twists are Havana Key West and Sandy's Cafe.