Rent to Own Homes in Fort Lauderdale
With its scenic position on Florida’s Atlantic Coast and its legendary Fort Lauderdale Beach, the city of Fort Lauderdale is as attractive to visitors as it is to its residents. The Greater Fort Lauderdale area welcomed 13.4 million visitors in 2013, spurring a sizable tourism industry that brings $10.67 billion into the local economy. The below results are primarily rent to own homes in Broward County, FL:
Hollywood, FL 33020
4 Bedrooms, 3 Baths
Sunrise, FL 33313
3 Bedrooms, 2 Baths
West Park, FL 33023
5 Bedrooms, 5 Baths
Coral Springs, FL 33071
6 Bedrooms, 5 Baths
Miami, FL 33147
4 Bedrooms, 2 Baths
Miami, FL 33154
Boca Raton, FL 33431
2 Bedrooms, 2 Baths
Miami, FL 33150
Miami Beach, FL 33141
2 Bedrooms, 2 Baths
Miami, FL 33131
1 Bedrooms, 2 Baths
Delray Beach, FL 33445
3 Bedrooms, 3 Baths
Miami, FL 33132
1 Bedrooms, 2 Baths
With its scenic position on Florida’s Atlantic Coast and its legendary Fort Lauderdale Beach, the city of Fort Lauderdale is as attractive to visitors as it is to its residents. The Greater Fort Lauderdale area welcomed 13.4 million visitors in 2013, spurring a sizable tourism industry that brings $10.67 billion into the local economy.
Visitors and locals alike appreciate the many attractions and transportation options available in Fort Lauderdale/. From Fort Lauderdale beach activities to cheering on soccer matches and football games at Fort Lauderdale Stadium, there are always fun things to do in Fort Lauderdale. Getting here is convenient, too, with the fast-growing Fort Lauderdale-Hollywood International Airport and Port Everglades, the third largest cruise port in the United States.
Buying a Home in Fort Lauderdale
Whether you’re looking for a townhouse or a larger detached home, Fort Lauderdale’s housing market is full of possibilities. Prices for both types of houses are on the climb, with median sales of single family homes up 3.6 percent to $290,000 and median sales of townhouses and condos up 7 percent to $135,000. The same is true for average sales prices; they’ve increased 6 percent for single family homes to $367,284 and 5.7 percent for condos and townhouses to $190,794. The two housing types differ, though, in their availability. Listings for single family homes are up 5.3 percent to 2,609, while new listings for condos and townhouses are down 2.8 percent to 2,456.
Popular Neighborhoods in Fort Lauderdale
While Fort Lauderdale is filled with attractive neighborhoods, the areas around downtown are an appealing option. Colee Hammock is one Fort Lauderdale’s oldest neighborhoods, just minutes from downtown. Its blend of historic and new homes and condos gives residents quick access to the Intracoastal Waterway and New River as well as shopping and entertainment. More established families and professionals also appreciate nearby Victoria Park for its large, historic homes, shopping, dining and proximity to downtown and the Intracoastal. Harbor Beach, Isles and Inlet are the upscale, waterfront neighborhoods that appeal to more affluent tastes. They feature large estates, abundant golf courses and private schools.
Buying vs. Rent to Own Homes
Rent to own homes give house hunters more flexible financial options, particularly with respect to credit scores and down payments. Instead of making an initial down payment as in a traditional home purchase, buyers pay a smaller option fee initially and a down payment at the end of the rent-to-own contract when the mortgage is secured. Rent to own homes also often charge a marginally higher monthly rent than normal, with the excess rent being credited to the eventual down payment. Rent-to-own purchasers especially gain the advantage in markets where prices are increasing because they negotiate the purchase price based on today’s rates.
Cost of Living in Fort Lauderdale
Life’s essentials cost Fort Lauderdale residents about 18 percent more than the average American overall. That’s mainly because Fort Lauderdale housing costs are 41 percent higher than the national average, although groceries, healthcare and transportation are also about 10 more expensive here. On the other hand, locals spend about 2 percent less than the national average on utilities, and they enjoy nearly 30 percent greater purchasing power than residents of nearby Miami.
Just 23 miles north of exotic Miami, Fort Lauderdale enjoys its position along the Intracoastal Waterway and New River as well as its access to treasured beaches and gorgeous neighborhoods. The city offers an abundant supply of historic homes, newer condos and a host of waterfront properties. Prices of both property types are increasing, making it more expensive to live in the area’s most beloved neighborhoods like Victoria Park and Harbor Isles. That higher-than-average housing cost contributes to the city’s overall cost of living that is fairly expensive.
Rent To Own Labs provides a diverse set of real estate listings, including rent to own (“lease to own” or “lease purchase”), owner financing, foreclosed, for sale by owner, and rental home opportunities. These listings are available to low-income residents and those with bad credit or no credit, and include both condos & houses. Rent to own homes near me include the list of zip codes we serve in this area: