Rent to own Homes in Palm City, FL
A town with a modest population of 23,120, Palm City is known for its numerous annual events like the Christmas Tree Lighting Festival in December and the Golf Tournament in April. With 12 percent of the city nestled along the water, many neighborhoods like Lighthouse Point have beautiful waterfront views. Many residents like to take advantage of the 400 acres of parkland available in Palm City, which offers spectacular weather throughout the year.
Palm City, FL is a great place for affordable rent-to-own homes! With a median household income of over $100,272 and a median rent of $1,740, the Palm City, 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 Palm City, 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 Palm City, FL Property Resources
Rent to own Homes in Cities Near Palm City, FL
- Florida Ridge
- Fort Pierce
- Fort Pierce North
- Fort Pierce South
- Hobe Sound
- Hutchinson Island South
- Indian River Estates
- Indiantown
- Jensen Beach
- Jupiter
- Jupiter Farms
- Jupiter Inlet Colony
- Jupiter Island
- Lakewood Park
- Limestone Creek
- North River Shores
- Ocean Breeze
- Ocean Breeze Park
- Palm City
- Port Salerno
- Port St. Lucie
- Rio
- River Park
- Sewall's Point
- South Beach
- St. Lucie Village
- Stuart
- Tequesta
- White City
Neighborhoods in Palm City, FL
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34991 rent to own homesBuying a Home in Palm City, FL
Palm City, FL is seeing rapid growth and Palm City, FL's' housing market remains not optimal with an average home price that is 80% above the 2024 national average. Palm City, FL is part of Martin 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 Martin is 0.91% which is below the national average, which is 0.99%.
Median Home Price in Palm City, FL
Median Rent in Palm City, FL
Top 6 Reasons to Live in Palm City, FL
Great local food! Start your culinary journey with a trip to the Olympic Diner where traditional American fare is swapped for a Greek breakfast of homemade pancakes and grape molasses. For lunch, head to Colletti's Italian Deli for a delicious sub stacked high with deli meat and homemade mustard. End the day with a visit to the New England Fish Market to purchase locally caught fish for a delicious dinner at home.
Shopper's paradise! Hundreds of the nation's best retailers and small boutiques make their home in Palm City. Check out the Martin Downs Village Center and Shops or Treasure Coast Square for shopping at stores like Macy's, Sears and J.C. Penny.
Easy access to outdoor recreation! Halpatiokee Regional Park is situated on 180 acres of prime real estate along the St. Lucie River. Visit the park for great hiking or to play sports at the five football fields, 10 tennis courts or the playground. At Pendarvis Cove Park, you'll find a sailboat launch area and sites for camping and overnight stays.
Get in on community events! Held every April, the Palm City Chamber Golf Tournament invites local residents and business owners to pair together and raise money for local charities. Palm City Fall Fest in October is a community-wide event that features an award-winning pie eating contest.
Home values are skyrocketing! Because buying a home is a long-term investment, it is important to purchase in an area where the value is expected to increase. Luckily, Palm City is one such community, as home values have increased 8 percent in the last year -- rising to $270,800 -- and are expected to grow another 4 percent in 2015. The best neighborhoods to find deals on rent to own homes include Lighthouse Point and SW Martin Hwy.
Capitalize on price cuts! Given that 33 percent of homes for sale in Palm City have had a price cut, it is not hard to make the conclusion that sellers are willing to accept an offer below asking price in order to sell their houses. Currently, the median sale price in Palm City is trending down at $247,475. Look to an area like the Town Center or SW Bimini Cir N to find a deal on a house.