Rent to own Homes in Myrtle Grove, FL
A part of the greater Pensacola metro area, Myrtle Grove is in Escambia County, a census designated spot. The population of just over 15,800 enjoys plenty of palm trees and Florida sunshine on the Pensacola Bay. Sure, the water is blue and the weather is fine, but should residents want to leave the area, nearby I-10 allows easy local travel and access to a cross-country trek.
Myrtle Grove, FL is a great place for affordable rent-to-own homes! With a median household income of over $50,444 and a median rent of $1,061, the Myrtle Grove, 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 Myrtle Grove, 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 Myrtle Grove, FL Property Resources
Rent to own Homes in Cities Near Myrtle Grove, FL
- Allentown
- Avalon
- Bagdad
- Bellview
- Brent
- Cantonment
- Chumuckla
- Dickerson City
- East Milton
- Elberta
- Ensley
- Ferry Pass
- Floridatown
- Foley
- Garcon Point
- Gonzalez
- Goulding
- Gulf Breeze
- Gulf Shores
- Lillian
- Mc David
- Milton
- Molino
- Mulat
- Myrtle Grove
- Orange Beach
- Oriole Beach
- Pace
- Pea Ridge
- Pensacola
- Pensacola Station
- Perdido Beach
- Point Baker
- Seminole
- Summerdale
- Tiger Point
- Wallace
- Warrington
- West Pensacola
- Woodlawn Beach
Neighborhoods in Myrtle Grove, FL
Amberwood rent to own homes Almax Court rent to own homes Benjamin Oaks rent to own homes Briarcliff rent to own homes Briarwood rent to own homes Bridle Trail Estates rent to own homes Canterbury Woods rent to own homes Carracres West rent to own homes Corrydale rent to own homes Devonshire rent to own homesBuying a Home in Myrtle Grove, FL
Myrtle Grove, FL is seeing rapid growth and Myrtle Grove, FL's' housing market remains optimal with an average home price that is -46% below the 2024 national average. Myrtle Grove, FL is part of Escambia 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 Escambia is 0.76% which is below the national average, which is 0.99%.
Median Home Price in Myrtle Grove, FL
Median Rent in Myrtle Grove, FL
7 Reasons to Reside in Myrtle Grove, FL
Home appreciation is on the rise! The Myrtle Grove community has many rent to own opportunities that will only grow in value. Home appreciation is 1.70 percent on average each year, and both rental and purchase prices are lower than 84 percent of Florida real estate. Check out great real estate near the Lillian Highway or the Osceola Municipal Golf Course.
Wildlife and water ways! The Bay is nearby for ocean swimming and boating, and nature lovers will enjoy bird watching and walking along the Marcus Bayou or Lake Charlene.
Home variety and low cost of living! Not only can residents in this neighborhood choose between single family homes of all sizes, condominiums, and mobile homes, but compared to elsewhere in the U.S., the cost of living is 8.6 percent lower. That means more dollars available for dining at Paisano's Pizza or local favorite Cazadores Mexican Restaurant.
Beach going and boating! Beautiful Gulf Islands National Seashore is a short drive away, as is Bayou Grande and the vast Pensacola Bay. As a part of Pensacola, Myrtle Grove residents have access to soft white Florida sands, catamaran sailing, and beachcombing. A laid back lifestyle and warm weather make this a coveted area.
The Blue Angels! It's not a bird or a plane or Superman, it's the home base of the Blue Angels flight demonstration team. Look up in the sky in the Myrtle Grove area, and you may see one of their spectacular shows. Naval Air Station Pensacola is also in the area, where another kind of sky traveler was trained, astronaut John H. Glenn.
Aviation buffs can get their fill! The Naval Air Station here is home to the National Museum of Naval Aviation, a free museum that exhibits hundreds of Naval planes of all ages. There's also an IMAX movie theater and guided tours of the exhibits. For those looking to get a little more involved, the Corry Station Naval Technical Training Center is also located here.
Plenty of lakes for recreation! It's not just sea water that surrounds this community, there are lakes, too. Check out some local favorites, like Marcus Lake and Lake Joanne.