Rent to own Homes in Three Lakes, FL
Three Lakes is a suburb of Miami, located in Miami-Dade County. This bustling area has grown quickly in the last 15 years, and these days the population is around 15,000. As the name suggests, the area has plenty of water, which really adds to its overall appeal and charm. About two thirds of Three Lakes locals live in owner-occupied properties, including detached homes, townhouses and apartments.
Three Lakes, FL is a great place for affordable rent-to-own homes! With a median household income of over $71,186 and a median rent of $1,914, the Three Lakes, 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 Three Lakes, 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 Three Lakes, FL Property Resources
Rent to own Homes in Cities Near Three Lakes, FL
- Aventura
- Bal Harbour
- Bay Harbor Islands
- Doral
- El Portal
- Fisher Island
- Florida City
- 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 Key Largo
- 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 Three Lakes, FL
Three Lakes rent to own homesPopular Zip Codes in Three Lakes, FL
33186 rent to own homesBuying a Home in Three Lakes, FL
Three Lakes, FL is seeing rapid growth and Three Lakes, FL's' housing market remains not optimal with an average home price that is 54% above the 2024 national average. Three Lakes, 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%.
Median Home Price in Three Lakes, FL
Median Rent in Three Lakes, FL
Top 6 Reasons to Live in Three Lakes, FL
Home values are rising! House prices in Three Lakes fell considerably between 2007 and 2009, but prices have been rising quite steadily since 2013, and this trend is expected to continue. Rental and rent to own options are also available in the area. Many of the most affordable homes in Three Lakes are located to the south of town on the cul-de-sacs connected to SW 148th Street near Belle Aire Canal. Some of the priciest homes are located close to Tamiami Pinelands Park.
Recently built housing stock! A large percentage of the local housing stock is quite new, which allows owners to avoid the headaches of taking care of an older property. More than 70 percent were built after the year 2000, and most of the other properties were built after 1970. Most local houses are single-family homes and town homes, and the majority have three or four bedrooms. Many Three Lakes homes include lake views, such as those on SW 136th Terrace or SW 140th.
Easy trip to Miami! Three Lakes is about a 30-minute drive to Miami, so it's easy to get there for work or for fun. Locals can take State Road 821 to the Dolphin Expressway, or State Road 826 to US 41. Public transportation is also available, including the bus and Metrorail.
Enjoy the great outdoors! The Three Lakes community has three parks: Deerwood Park, Tamiami Pinelands Park, and Nixon Smiley Pineland Preserve. The Three Lakes Wildlife Management Area visitors is also close by. Visitors can enjoy activities like hiking, camping and biking as well as deer, bird and small game hunting with the appropriate permits.
A healthy local economy! According to 2010 figures, the median household income is above Florida's average, and the local unemployment rate is about 7 percent below the state's average. Thriving local businesses include the Kendall Breeze Mall and Custom Creative Plastics.
Local exercise classes to keep fit! Adventurous types will love Extreme Mixed Martial Arts, which offers classes for adults and kids. Their classes include Brazilian Jiu Jitsu and Cardio Kickboxing. For those who love to cheer and tumble, there's Top Gun Cheerleading and Dance Training Center.