Rent to own Homes in Tampa, FL
Along Florida's Gulf Coast lies one of the most enviable cities in the world, Tampa. Providing plenty of sunshine, a wealth of cultural heritage and diverse residential and industrial opportunities, Tampa consistently ranks high among lists of the best places to live. Individuals and businesses often find Tampa a prime location because of the numerous opportunities this city has to offer. Accessibility and affordability are why this city of over 346,000 sees so many new residents year after year.
Tampa, FL is a great place for affordable rent-to-own homes! With a median household income of over $55,634 and a median rent of $1,178, the Tampa, 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 Tampa, 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 Tampa, FL
- Apollo Beach
- Bloomingdale
- Brandon
- Carrollwood
- Cheval
- Citrus Park
- Connerton
- Crystal Springs
- Dade City
- Dade City North
- Dover
- East Lake
- East Lake-Orient Park
- Egypt Lake-Leto
- Fish Hawk
- Fuller Heights
- Garden Grove
- Gibsonton
- Kathleen
- Keystone
- Lacoochee
- Lakeland
- Lake Magdalene
- Land O' Lakes
- Lutz
- Mango
- Masaryktown
- Medulla
- Moon Lake
- Mulberry
- Northdale
- Odessa
- Oldsmar
- Palm River-Clair Mel
- Pasadena Hills
- Pebble Creek
- Plant City
- Progress Village
- Quail Ridge
- Ridge Manor
- River Ridge
- Riverview
- San Antonio
- Seffner
- Shady Hills
- Spring Hill
- Spring Lake
- St. Leo
- Tampa
- Temple Terrace
Neighborhoods in Tampa, FL
Oakford Park rent to own homes Woodland Terrace rent to own homes Rembrandt Gardens rent to own homes Ridgewood Park rent to own homes V. M. Ybor rent to own homes Virginia Park rent to own homes Wellswood rent to own homes West Riverfront rent to own homes Westshore Palms rent to own homes Armenia Gardens Estates rent to own homesBuying a Home in Tampa, FL
Tampa, FL is seeing rapid growth and Tampa, FL's' housing market remains not optimal with an average home price that is 17% above the 2023 national average. Tampa, FL is part of Hillsborough 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 2023 for county Hillsborough is 1.09% which is above the national average, which is 0.99%.
Median Home Price in Tampa, FL
Median Rent in Tampa, FL
Top Reasons to Live in Tampa FL
Housing Outlook Despite the city's popularity, Tampa remains one of the most affordable places to live. Cost of living in Tampa is relatively cheap compared to several other highly populated cities. Average rent is approximately $700 per month for occupants looking to live in a one-bedroom apartment. Residents looking to rent a 3-bedroom apartment will likely pay around $1,400 per month. Individuals interested in purchasing a home can look forward to a median home price of $155,000, which is below the national average.
Local Restaurants There's no shortage of good food in Tampa. Try out the West Tampa Sandwich Shop on Armenia Avenue. Not only can you get a sandwich that will rock your world, but the price is so cheap you won't go to sleep feeling guilty about it. Afterwards, you can wash it all down at the Kaleisia Tea Lounge on Fletcher. Looking to impress your friends? Consider taking them to Bern's Steak House. The place even has a wine cellar, so you know Bern means business.
Nightlife Tampa certainly has an active nightlife. The city hosts a number of events and festivities that keep the partying going all night long. With hotspots like King Corona Cigars Cafe and Bar, located in Ybor City, or Liquid Tampa located at 1502 E. 7th Avenue, there is never a dull moment in Tampa. There is something going on every night of the week. Since the weather in Tampa is generally always warm and sunny, there is never a low season, which keeps everything in the city alive and humming.
Neighborhood Guide For a more comprehensive look at what Tampa has to offer in terms of housing and activities, it is best to know the ins and outs of each neighborhood.