Rent to own Homes in Upper Grand Lagoon, FL
Welcome to Upper Grand Lagoon, a true gem of the Florida Panhandle and Bay County. Located right across Saint Andrew Bay from Panama City, Upper Grand Lagoon is the definition of a Gulf Coast town. A census-designated place, Upper Grand Lagoon is home to roughly 14,000 inhabitants. Full of pleasant planned communities and situated next to the ocean and the action of Panama City, this town is a solid choice for those looking to settle down beneath the Florida sun.
Upper Grand Lagoon, FL is a great place for affordable rent-to-own homes! With a median household income of over $58,878 and a median rent of $1,158, the Upper Grand Lagoon, 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 Upper Grand Lagoon, 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 Upper Grand Lagoon, FL Property Resources
Rent to own Homes in Cities Near Upper Grand Lagoon, FL
Neighborhoods in Upper Grand Lagoon, FL
Allison Trace rent to own homes Andersons Plat Of Alligator Point rent to own homes Bay Point rent to own homes Bay Point Queensberry Ltd rent to own homes Bayside Park rent to own homes Bonefish Pointe rent to own homes Coastal Palms Commercial rent to own homes Charity VIllage rent to own homes Delwood Beach rent to own homes Delwood Point At The Preserve rent to own homesPopular Zip Codes in Upper Grand Lagoon, FL
32408 rent to own homesBuying a Home in Upper Grand Lagoon, FL
Upper Grand Lagoon, FL is seeing rapid growth and Upper Grand Lagoon, FL's' housing market remains not optimal with an average home price that is 13% above the 2024 national average. Upper Grand Lagoon, FL is part of Bay 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 Bay is 0.61% which is below the national average, which is 0.99%.
Median Home Price in Upper Grand Lagoon, FL
Median Rent in Upper Grand Lagoon, FL
Top 4 Reasons to Live in Upper Grand Lagoon, FL
Go out and enjoy the water! Upper Grand Lagoon sits right by the Gulf of Mexico. Residents here can swim, jet ski, boat, fish, lay in the sand and more -- every day. There are numerous businesses in town offering boat rentals and sea tours. At St. Andrew's State Park, you can do everything from renting pontoons and setting off on a snorkeling excursion to packing a picnic and taking in views of the bay. Grand Lagoon Water Sports offers jet ski rentals, dolphin tours, and charter fishing to those looking for an adventure, while Captain Jack's Private Yacht Charters can take you out to spear fish, dive, or just explore.
Get a house beside the ocean! 53.9% of housing units in Upper Grand Lagoon are single-family dwellings, which indicates the majority of those living here have their own yard. What makes these houses even better is that many are right next to the beach. Houses near Bay Point Marina or Diver's Den, for instance, are within steps of the sea. You should be able to find homes for sale, rent, and even rent to own in seaside locations in Upper Grand Lagoon.
Wine and dine on the coast! Nothing beats going out for a tasty meal and a few drinks with the ocean as a backdrop. While living in Upper Grand Lagoon, you can do that every day. Order up a seafood platter at J. Michael's Restaurant, have Tequila and tacos at Marina Cantina, and taste the shrimp and wine at Capt. Anderson's. Seafood is the choice dish in Upper Grand Lagoon, but there are plenty of other good foods to be had. Head to the intersection of Thomas Drive and North Lagoon Drive and see where your appetite leads you.
Choose to rent or buy! 35% of Upper Grand Lagoon rents, while 65.0% owns. With a market that's friendly to both renters and buyers, you'll have no trouble finding something that suits your needs and preferences. For rental homes, check near Cardenas Seafood Market and the center of town, as there are some apartments and townhouses nearby. To view for sale listings, look in communities such as Point Royal and Magnolia Estates.