Rent to own Homes in South Miami, FL
South Miami, FL is a great place for affordable rent-to-own homes! With a median household income of over $66,769 and a median rent of $1,409, the South Miami, 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 South Miami, 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 South Miami, FL Property Resources
Rent to own Homes in Cities Near South Miami, FL
- Bal Harbour
- Bay Harbor Islands
- Dania
- Doral
- El Portal
- Fisher Island
- Florida City
- Fort Lauderdale
- Fountainebleau
- Gladeview
- Glenvar Heights
- Golden Beach
- Golden Glades
- Goulds
- Hallandale
- Hallandale Beach
- Hialeah
- Hialeah Gardens
- Hollywood
- Homestead
- Homestead Base
- Indian Creek
- Islandia
- Ives Estates
- Kendall
- Kendall West
- Key Biscayne
- Leisure City
- Medley
- Miami
- Miami Beach
- Miami Springs
- Miramar
- Naranja
- North Bay Village
- North Miami
- Olympia Heights
- Pinecrest
- Richmond Heights
- Richmond West
- South Miami
- South Miami Heights
- Sunny Isles Beach
- The Crossings
- University Park
- Westchester
- West Miami
- West Park
- Westview
- Westwood Lakes
Neighborhoods in South Miami, FL
South Miami rent to own homesPopular Zip Codes in South Miami, FL
33143 rent to own homesBuying a Home in South Miami, FL
South Miami, FL is seeing rapid growth and South Miami, FL's' housing market remains not optimal with an average home price that is 162% above the 2024 national average. South Miami, FL is part of Miami-Dade 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 Miami-Dade is 1.02% which is above the national average, which is 0.99%.